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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 ....
The nasdaq has surged to. We are 59 minutes away from crossing the finish line of what will mark its 21st record close of the year. But its not just the high flyers within the nasdaq that are boosting the techheavy index. Our floor show traders are about to name their top nonfang nasdaq picks for you. The Trump Administrations china hawk walked back his declaration to fox news last night that the china trade deal was quote, over. Even after Peter Navarro did, the d. C. Word shuffle, could a new game of trade chicken be developing with the worlds second largest economy . Key Trump Administration adviser tom kehoe is about to flag us on what he sees as a slightly fishy situation overseas. And darling, dont give me park avenue. New york citys Real Estate Mar ....
Good thursday morning. Thanks for joining us on squawk alley. Jon fortt, david faber with me at post 9. Carl quintanilla has the day off. We are still within the reach of dow 20,000, although it seems we are gate geting a little further away than we were at the beginning of the week. Blue chip index hovering. A big story in the runup so where we are now has been financials. The sector on a tear since the election and could help us push past dow 20,000 if and when the momentum comes back to the market. Lets bring in jim mcdonald, chief investment strategist at Northern TrustAsset Management and marty, bank and equity strategie strategies. Marty, if you had thought this would be the headline on january 1st of this year, i mean, so many people didnt see this coming for the banks because they had been repressed for so long. But the question now is what is fair value for this g ....