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
The u. S. Ban on social media we chat is due to come into effect the latest in the tech war with china. So the United States is broken with all other permanent members of the u. N. Security council and declared snow call socalled snap back sanctions on iran americans major allies that is britain france and germany had already written to the u. N. To say sanctions relief will remain the dispute is over the Iran Nuclear Deal which remember washington pulled out of 2 years ago and so the other signatory say the u. S. No longer has the legal power to force through any changes of diplomatic editor james bays reports. Its aroud its even pitted the u. S. Against some of its closest allies its now over 5 years since the. Iran nuclear deal was signed in vienna joining the negotiations the u. S. Team under the leadership of the then secretary of state john kerry devised a mechanism called snap back if iran breached its commitments all International Sanctions could snap back into place but thats
Coming after yesterdays euphoria that is part of the momentum growth trade materials and industrials are the only sectors in the green. We have a few more ipos and awaiting more news on tiktok and oracle it will be busy coming up on todays show, mohammed elerian will join us on the on going stimulus stalemate and well speak with Jim Fitterling and shares of Cybersecurity Firm Palo Alto Networks up 80 from the march lows as companies boost protections for employees working from from home the ceo will join us to discuss that trend and much more lets focus first of all on the big stories youre watching. Mike santoli is tracking to days volatile Market Action we have the latest on stimulus in washington and sara has new reporting on the oracletiktok sag yachlt mi saga mike, markets down 1. 4 . The ive been heavy tape all day. We continue this process of sort of undoing that august overshoot to the upside. Ive been focused on levels that we saw back on august 11th thats about 3333 we closed
7. 44 . As you noted before the yield curve. Steepening and a rally in the financials you mentioned that june 10 was the high that was the day where the markets had their maximum enthusiasm about the strength of the recovery and how fast it would be that was the peak where the come back of value and cyclical sectors. That seems to be the dynamic and the push for which stocks were preferred and the market seven days in a row of records is not to be dismissed guys the intraday record high in this session and well have to see if this continues . Yesterdays high is around 3,500. Coming up, well talk about the abrupt halt to the sports world. We ha we have fed president s and the interim ceo of tiktok. What a story it has been and a soap opera all week long we are learning more in the details in the sale of tiktok after walmart confirmed it has teamed up with microsoft sources tell us that walmart ineshlly wanted to be the lead buyer together with what was alphabet and soft bank coo and ran
A 1000000 times but have trouble taking to heart you get what you pay for meaning the more you spend on something the better itll be but that doesnt stop me looking for a bargain and potentially regretting it later but some sellers will have you believe you dont have to compromise my county the german Supermarket Chain with thousands of stores all around the world my colleague chris down for save us went to find out how that could possibly be true. As one of the Worlds Largest Supermarket Chains actually its 2 chains and suit and they both pride themselves on their rock bottom prices and high quality product how does how they do it. Its 3 30 in the morning and all of compost is already at work he manages an outing not Distribution Center as big as a football stadium. The company rarely lets t. V. Crews come to visit this is a rare exception. Trucks will be loading here soon and everything has to go very fast it was the same yesterday afternoon and yesterday evening when the goods were