States have sued the Social Media platform, accusing it of helping to drive a mental Health Crisis among teenagers. A bipartisan group of 1a Attorney generals from across the country allege the company uses addictive features to hook children to the app. They also claim its intentionally misled the public about the safety of prolonged use. Tiktok has called the lawsuit disappointing. The platform is already battling a law passed by congress in april that would ban it from the us unless a chinese Parent Company agrees to sell it. Details now from New York. To sell it. Details now from New York to sell it. Details now from New York. , ,. , New York. The lawsuits from more than New York. The lawsuits from more than a New York. The lawsuits from more than a dozen New York. The lawsuits from more than a dozen states New York. The lawsuits from i more than a dozen states argue tiktok was deliberately designed to keep young people hooked on the service. The massively popular Video App is used
The issues china is facing. Short of these stimulus packages, we don t know a great deal about where the money is being spent. Would you be looking for in order to try and turn these futures around 7 one of the big issues is the banking system is huge in china, it is loaded with bad debts. It s been forced to lend to bad projects for so long so the first thing to do is rescue the banks of this is something that the fed did after the financial crisis. system. Instead of giving them more money to lend and using that money to set up a fund, buy from them all of the bad assets and let them go back to a clean balance sheet and start over. The government can hold this bad debt, these bad property investments for a very long time but the banks need to have a better capital base to start lending again and you need to stop forcing them to lend only to state owned enterprises which are not profitable and bad projects, bad infrastructure projects with a 1% return on assets. You need to get the
Reason. Hurricane Milton Closing in on florida. That storm shaping up to be catastrophic. President biden will give an update in our next hour. Tampa hasnt seen a storm like this in 100 years as we say good morning. Our coverage begins live in New York. Im Bill Hemmer back together today. Here we go. Good to be with you. Dana im Dana Perino and this is americas newsroom. This is dramatic and a big news story. Milton is poised to make landfall Wednesday Night, tomorrow night. Currently holding strong as a Cat Category 4 hurricane. Bill it could be one of the most powerful storms to hit the coast from this angle heading straight for the Population Centers of Tampa And Orlando further inland. Dana here is where things stand at this hour. Mandatory Evacuation Orders are in effect along the Gulf Coast. 15 Million people are under flood watch. Schools and colleges are closed and Tampa International Airport has shut its doors. Bill all this in a region after Hurricane Helene. The mayor says i
Beirut, lebanon. Weve been watching this picture for several Hours Today as the israeli military warns people to evacuate southern Lebanon Signaling a possible broadening of its operation there. Were live in the Middle East all morning long here. First, however, there is this. Mark the calendars, america, 33 days to go. The candidates are back on the trail now and three major stories threatening to upend the race for the White House as we Say Hello to october and all the surprises that could come with it. Hello, im bill hemmer, welcome to our coverage in New York city. Dana im Dana Perino and this is americas newsroom. A lot of news. When we get back on monday it will be under 30 days. I did the math. Very good Math Skills this morning. Kamala harris has issues at home or abroad. Is Vice President is backing Dock Workers in the standoff despite fears it could reignite inflation. Bill israel vowing to retaliate against iran because of an historic missile. The White House is asking them
Apocalyptic weekend for all of us here in asheville, North Carolina. There is almost no gas, there is almost no Cell Service, there is limited power, there is limited food. Bill one person speaking on behalf of so many. Dire situation western part of North Carolina. Catastrophic Storm Damage making it near impossible for crews to deliver the Food And Water to those who desperately need it. A big Story Day three, working on day four. Good morning. Im bill hemmer, good morning to you. Dana im Dana Perino and this is americas newsroom. The storm is gigantic and nearly 100 people are now confirmed dead from Hurricane Helene. 36 are in North Carolina. The Storm Fact out roads and bridges leaving entire counties underwater. Officials describing the damage as biblical. Bill the crews are working to restore power. They have a long way to go. 2 Million people across the southeast. Also trying to bring back Cell Service and internet leaving families In The Dark and whether or not their Loved One