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Transcripts For CNBC Squawk Alley 20240712

Good friday morning. Were going to kick things off this hour, of course, with tiktok as the president orders downloads of the platform and we chat to be blocked beginning on sunday does this put the oracle deal into jeopardy . We have every angle good morning. What we know right now is the e commerce officials is that as of midnight on sun theyre going t stop people from using the apps. The quality will be degraded pretty quickly it is after the president ial election, carl of course we chat is used for Many Americans to communicate with family back home, also for payments, logistics, and i know you were talking about this perhaps being a bit of a climb down, but we dont really know the implications yet yes there are 19 million we chat users here in america versus 1. 2 billion in china, but we dont know how many of the 19 million users are businesses meanwhile the app will continue to operate as it is. Does it not protect some of the bigger american businesses like starbucks and disney

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