Microclimates and the air messaging app wechat. Aside and honor the work of a quality coming up. T a ban was set to take effect civil rights attorney and the morning commute . Last night. Strides she made. Kari, overall things are all the original ban involved tiktok take a look at what an and wechat. The tiktok ban was halted with a individual at that vigil had to right. The very serious situation close say. I dont want it to be about to san jose state and our live tentative deal made with oracle and walmart. Other sides. This is about humanity. Camera there a stabbing sounds wechat says its a lifelong to this is about justice. Family, be friends and others in china. They say president trumps order this is about all of us having rights and that is what the like there are life threatening would restrict First Amendment injuries. Roits to free speech. Notorious rbg stood for. The judge agreed. Reporter and many reflected you see the flashing lights just on what life would have been off
Negotiations to sell the short form video app u. S. Assets say the ceo wants it and sees it as a prize. We should tell you the bid for tiktok which reports say could go as high as 50 billion are due this week. President trump has said if theres no deal by september 15th to sell its u. S. Arm to an American Company, he will ban the app. Tiktok sources tell us the company has witnessed not just an american but an international rush to download the app ahead of the possible ban. President ial trade adviser and China Hawk Peter Navarro is about to join me live to talk about the bidding battle for tiktok and what has sparked the administrations ban threat on the chinese social media disruptor. Is there evidence hes ready to reveal . To the nasdaq, racing toward a fifth record close in a row, its longest string of backtoback alltime high finishes for the year and the s p not far behind, gunning it towards its fourth record close in a row. A catastrophic category 4 hurricane expected to slam
Everywhere as more and more companies file for bankruptcy. A to analyst says a number of fla names could come out stronger. Later, what makes tiktok tick. An inside look that is dominatidominate ing social media as china is saying it would rather shut down the service in the u. S. Than succumb to a forced deal well tell you about that as power lunch starts right now thanks welcome to power lunch lets take a closer look at plarkts right now. You have industrials and materials leading the way higher in fact, materials is the only sector in the green this week. We havent talked a lot about that as a source of leadership tech that had been the leadership havent recovered from the steep sell off. The nasdaq still down about 11 from its record high its worst for a lot of the individual names docusign down from its 30 high. Tesla down 27 from its all time high apple is lower today apple is down about 20 from its high as well apple near a 3 decline. Tyler, back to you with can skinny stimulus
The nasdaq up 1 and s p 2. 7 and dow declined 86 points were about to get a set of u e unbelievably set of big numbers but frankly, its horrifying if you think about why they are thriving this week we hear from walmart, from home depot, lowes, and target and if their stocks get hit for any reason, you have to buy them because these major operators are up against general merchandisers, hardware stores, Sporting Goods and lumberyards that cant compete because they were deemed essential and i fear they will never get lost customers back, not with prices big guys charge. The winner haves so many advantages over the little guy im amazed there is any competition whatsoever i feared that there wont be and thats driving me nuts i love when these big household names go higher, but i hate when the reasons they are going higher their Small Business competitors are being wiped out. A lot of these smaller outfits have been able to hold their own before covid, but now the big guys have crafted pheno
Estimate. The pboc governor says china will implement the phase one deal with the u. S. He said that in an interview with tsinghua. Chinext is down, extending a decline after bearish reversal. China internet stocks were up friday following the ban on tiktok. Some say forget the tencent risk, asian stocks are silly by. Alibaba still a buy. S p. R tech giants on the we have futures in the u. S. 3343. Ng to a flat open, the s p 1 away from its alltime high. This on the outcome of the u. S. Stimulus talks. Also the u. S. China phase one review. We are taking a look at live pictures out of taiwan where alex azar is going to meet the taiwanese president. He is also meeting with taiwans health minister. This is a historic visit. He is the highest ranking u. S. Official to visit in decades, threatening to further stoke tensions between the u. S. And china. Chinese Foreign Ministry spokesperson last week said beijing was opposed to the visit, calling taiwan the most important and sensitive issu