Good wednesday morning welcome to squawk alley. Im john for the with caro quintanilla and Julia Borstin well start with apple, a cost cut for Small Developers josh lipton breaks down the news for us. Here is how the new program is going to work its called the App Store Small Business Program it launches on january 1st and it does represent a big change here. Developers earning up to 1 million during the Previous Year will now be eligible for a commission of 15 on paid apps and inapp purchases, and that is half of apples Standard Commission apple says the new program will impact what it says is the vast majority of developers selling Digital Goods and services on the store. Tim cook saying in a statement the app store has been an engine of Economic Growth like none other, creating millions of new jobs and a pathway to entrepreneurship accessible to anyone with a great idea for investors this change is also important remember, the app store is critical for apple it accounts for an estima
Twitter shares soaring on a rumor the company is looking to build a Subscription Service a source close to the situation tells me that a Subscription Service is one of many Revenue Generating options that twitter is considering, but that no announcement in that area is imminent Ceo Jack Dorsey has said hes kicked around the idea of creating a subscription tier and twitter management has talked about building new revenue stream the focus on new ways twitter could make money as tiktok opens a new platform senator tom cotton warned americans against use ticktock. Secretary of state mike pompeo said late monday that the United States was looking at banning chinese social media apps including ticktock. Ticktock responded to pompeo by pointing to the companys new american ceo, former disney executive kevin mayer, saying we have never provided user data to the Chinese Government nor would we do so if asked. I want to go to dan nathan first. As i recall, dan, you had fast pitched twitter back
Experiencing extreme delays when it comes to getting their results plus remembering a father killed in a tragic shooting over the weekend. How his life is being honored by his family and his community. The first we begin tonight with the newly released body cam footage of that officer involved shooting in vallejo thanks for joining us at 8 everybody im Vicki Liviakis Jonathan Mccall in tonight for grant lotus that shooting killed 22 yearold Sean Monterrosa back on june 2nd sparking protests and demands for pd released the body cam video from that night and we must warn you some people might find it disturbing. 44 for transit put your hands out their jobs are going at all. The video shows the walgreens parking lot right after an officer in the back of an unmarked car fired through the windshield of his patrol unit hitting and killing monterrosa who was kneeling on the ground at the time but as kron fours michelle kingston explains the video is just raising more questions and sparking mo
Businesses are starting to bounce back. Similar to that. Look at that. I mean, that is a huge fog bank. All the way up and down the coast. So with that in mind, highs will be below average to near average. He will be above, they will be above livermore and san jose. Lets start with lafayette, steve, but we will get to the toll plaza. Dont worry, because we like to look at it here. Starting with highway 24 first. And take a look at it from walnut creek to oakland. The traffic right through lafayette looks very good. There have been no issues. Also looking good, the approach to the richmond sand san rafael bridge. The toll plaza meanwhile, seems to be Getting Better by the moment. Congestion should be gone by 8 00. As you look at interstate 80, that traffic here near hagan berger wrote was good. 7 01. Lets go back to the headlines. We are following developing strength in pleasanton, where authorities are searching for a chase started in san jose after 12 30 this morning. The car crashed
Unemployment. Well talk with Eugene Scalia coming up. President trump is set to land at Kennedy Space center this very hour, to watch the historic spacex to become the first commercial company to send astronauts in orbit. We will have discussion with space should telecom mander. Chao. More and on making money. Charles the dow is leading the way all session long as reopening optimism is reflected in this what we call the market rotation, cyclical stocks are doing better as main street gains in the economy. Rotation is also the theme of the week. We saw some bonds into stocks be. Defensive stocks into cyclical stocks that just mentioned. Growth into value, about the big question is can overall value continue to rally as tech stocks head in the opposite direction . I want to bring in kaltbaum Capital Management president , fox business contributor gary kaltbaum. You love to tech stocks. Made a ton of money particularly in chips. Looks like theyre toppy at the moment. Are you moving out of