A strange twist in all this because remember originally the deal was coming down to either oracle or microsoft then walmart jumped into it and said well well partner up with microsoft will sweeten the deal and it should come to us and then it didnt go into oracle instead so now somehow walmart has jumped off of the microsoft ship and theyre now jumping into this with oracle apparently as you said here in the lead up the c. E. O. Doug mcmillan of walmart is going to get a board seat on to talk as part of this deal and walmart with own an equity stake in the company in fact what the treasury secretary Steven Nugent has said is that u. S. Companies oracle and walmart he claims will together own a combined 50 percent plus of ticket now we dont know that thats true thats just what hes saying but hes saying those to us investors which calling these guys investors is ridiculous right because it does best its almost like highway robbery or like bandits that are jumping into this forced to sell
From the dean of the Miami Harvard Business School and we have a lot to get cute but. We begin with the unemployment numbers as weekly jobless claims took an unexpected turn for the worse now for the week ending september 19th Labor Department reported 870000 americans filed for unemployment thats up from the week prior with 166000 the Labor Department remains stuck at a pretty high level here still above their peak 65065000 during the Great Recession that was between 20072009 the data comes as u. S. Lawmakers still havent come to an agreement on a new round of stimulus something the Federal Reserve argues is needed for economic recovery earlier this week Federal Reserve chairman Jerome Powell and u. S. Treasury secretary Stephen Newton well they expressed concerns over more need for aid. Password will depend on keeping the virus under control and on policy all see actions taken at all levels of government we continue to work with congress on a bipartisan basis to pass a face for Relie
Calling the platinum plan to encourage black economic empowerment. We will take you there as soon as it begins. It comes as the latest tiktok deadline has come and gone. We just have breaking news out of washington, d. C. The Justice Department has filed an opposition to a judge, district federal judge regarding a request from the Parent Company of the Popular Video app to delay its u. S. Blacklist late sunday. 11 59 p. M. Sunday night, this thing goes dark on app stores. Charlie gasparino has latebreaking details. And theres a new riverboat gambler on the scene, looking to bring yet another Online Gambling app to you through a spac. The spac is really getting cleaned here. The brainchild behind Kim Kardashians game is here. Less than an hour to the closing bell, lets start the claman countdown. Liz breaking news. We will get you that news out of d. C. Regarding tiktok but auto makers are hitting a red light right now after true car forecasts total new vehicle sales will drop 12 year o
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
Announcing plans to stop new downloads or upgrades of tiktok and wechat starting sunday. The ban comes as President Trump was expected to announce whether the government would approve a deal for oracle to buy tiktok. If that happens the new download ban will not move forward for tiktok. The first time in a month bay area skies are clear. People dont have to worry about the air quality that much and just in time for the week. Breathe easy with your mask because crowding concerns still very real out there. Thats right. You still have to play it safe. Lets check in with today in the bays kris sanchez live in downtown campbell with some advice on that. Kris . Reporter yeah, we expect downtown campbell and our other downtown areas will be very busy as people try to get outside and enjoy normal. People spilled into their local parks and beaches with their bikes and their kids and dogs. A 30day stretch of unhealthy air taking a toll from los gatos up to San Francisco. She is so frustrated at