Washington and the world talking, microsoft eyeing an acquisition of tiktok and is this comes after President Trump threatened to ban the app in the u. S. Over security concerns. The president made an about face and gave microsoft the go ahead to proceed with the deal josh lipton has the very latest. So, melissa, President Trump also weighing in here. Take a listen to what he had to say today. It will close down on september 15th unless microsoft or somebody else is able to buy it and work out a deal, an appropriate deal, so the treasury of the, really, the treasury, i guess you would say, of the United States gets a lot of money so, why is microsoft interested in tiktok well, its a wildly popular app with 100 million users already here in the u. S. Engagement trends are strong analysts note that users already spend over an hour a day on the app. Patrick moorhead emphasizes two broad reasons why this could make strategic sense one, he argues microsoft is relatively week in Consumer Ser
Promising results from both of them. Later, we are expecting news from astrazeneca, thats a british company. They are going to announce the results of their phase 1 trials of a covid vaccine. Now, positive news on a vaccine usually moves the market. It certainly did last week, and i think its helping futures this morning, too. There is news on a new stimulus plan. The president says he would not approve any plan that did not include a payroll tax cut. All right. Now look at the market. It has turned around. Earlier today we were way on the down side. But now we have moved to the upside i think its on the strength of this vaccine news. The dow held to the 26, 600 level last week. 8,000 points above where it was when President Trump won election. By the way, a new the Washington Post abc news poll showed joe biden with a 15point lead, 5540. This is 106 days before the november vote. We will be talking a lot about election risk on todays program. Then theres this. For the 54th straight da
Time get that much time to speak. Number one, the reason why that is, is not anything about affirmative action. Its all because of one guy we were talking about earlier, scalia. You can you can listen to any oral argument on oyez. Org cspan 3 is live on capitol hill this morning where members of a house subcommittee are holding a hearing on u. S. Citizenship and Immigration Services. Live coverage on cspan 3. Such as subcommittee meetings and hearings and so the expectation is for members and witnesses who are physically present to please wear a mask except when you are speaking. Pursuant to notice and this subcommittees rules of procedure and statement of policy for private immigration bills i call up hr 7572, a private bill for the relief of median. The chair calls the bill for the purpose of requesting an investigative report from the department of Homeland Security and the stay of removal on behalf of the named beneficiary while that report is pending. Without objection i ask unani
Shift toward ecommerce. I think for investors, for business in general thats really the question of this moment right now for those businesses that have had this shift to online and have been able to capitalize that, were going to have skzinga on later d theyve done well in engagement because of that shift, how much of that are they going to be able to retain and continue for the rest of the year how much can platforms like apples ios and app store, were getting wwdc coming up in a few weeks, what changes can they and developers make to retain more of that benefit and maybe see a continuing shift in behavior thats unclear, but a lot hangs on that, morgan. Thats so right, jon, and that shift online i think is everything and a big part of that is ecommerce its one of the reasons im keeping a close eye on the u. S. Postal service right now, which is set to report its Quarterly Earnings tomorrow. Last night the usps announcing its finally getting a new postmaster general, louis dejoy, had
Refuse to go back to work you will not be eligible for those fat unemployment checks. Unintended consequences when you make more money not to work. Well get reaction from governor Mike Huckabee himself. That and so much more on making money. Charles stocks are higher as connecticut becomes the last state to partially reopen as number of coronavirus cases are drifting lower, and number of people getting back to work drifting higher. Yesterday was a different story. We saw the dow, losses actually accelerate into the final hour of trading, on two things. Headlines from the omb that talking about how bad the Second Quarter will be. There was an article that questioned efficacy of modernas new covid knight, the vaccine trials. Here is the question, did you sell into the late swoon yesterday . Clearly the market was spooked. Im sure many did probably cut bait. If you knew history you would, you might have held and might have even bought. According to spoke research, the market had 14 sharp