To sell the platform or face a ban. [chanting keep tiktok ] norah the protests tonight from users. It is 90plus percent plus of my familys income. Its how we feed our family. Norah the Cbs Evening News starts now. Good evening. Im norah odonnell, and thank you for being with us. We want to begin tonight with the fate of social media app tiktok hanging in the balance. In a rare moment of bipartisanship, the house voted overwhelmingly to pass a bill that would an the Popular Platform unless it severs ties with the Chinese Communist party. President biden vowed to sign the bill if it passes the democraticcontrolled senate, and if the bill becomes law, it would give tiktoks chinesebased Parent Company bytedance six months to sell the videosharing app or it would be removed from app stores and webhosting services here in the u. S. Now, tiktoks massive Lobbying Efforts were not enough to stop the crackdown, despite a flood of phone calls to members of congress and these online influencers wh
Its thursday, march 14th, 2024. This is cbs news mornings. Is time up for tiktok . The house passes a bill that would force its Chinese Parent Company to sell the platform or face a ban. The protests, the impact, and what happens next. Wicked weather. A powerful storm moving across the countrys midsection spawning tornadoes, dropping golf ballsized hail, and heavy snow. And sharing her story. Actor olivia munn opening up about her Breast Cancer diagnosis. The online tools she credits with saving her life. Could it also save yours . Good morning, and good to be with you. Im annemarie green. The battle over a tiktok ban now heads to the senate where its future remains uncertain. In a rare bipartisan move the house of representatives voted overwhelmingly in favor of the measure that would require the popular app to cut ties with its chinabased Parent Company or else. Tiktok says the bill threatens the Constitutional Rights of its more than 170 million users in the u. S. , and it could put
Norah the ultimatum for the popular app used by 170 million americans after the house passes a bill that would force its Chinese Parent Company to sell the platform or face a ban. Keep tech tak norah the protest tonight from users. It is 90 plus percent plus of my familys income. It is how we feed our family. Norah the Cbs Evening News starts now. Good evening. Im norah odonnell, and thank you for being with us. We want to begin tonight with the fate of social media app tiktok hanging in the balance. In a rare moment of bipartisanship, the house voted overwhelmingly to pass a bill that would ban the Popular Platform unless it severs ties with the Chinese Communist party. President biden vowed to sign the bill if it passes the Democraticcontrolled Senate and if the bill becomes law, it would give tiktoks chinesebased Parent Company bytedance six months to sell the Video Sharing App or it would be removed from app stores and Web Hosting Services here in the u. S. Now, tiktoks massive Lob
And im wilfred frost. Very good morning from me as well lets bring you up to speed on Market Action. It was basically flat today. Not too much happening in terms of fundamental data either. Markets really just looking at what the fed expectations are. At the moment, were called slightly higher today. The dow by 35 points in the premarket. S p by 4, nasdaq by 7. 75. Not just flat yesterday and broadly flat yesterday. Mike santoli making the point that weve been in about a 4 raise in two months now. All of that volatility fluctuations that were fearing hasnt really been seen. Basically been flat for the last couple of months. Lets look at the tenyear note. More movement in the bond and fed dollar. 1. 835 . We saw what happened in asia, we saw almost a 1 decline on the stock market. The nikkei. On the back of a stronger yen. And word from g7 officials over the weekend that japan is not on board if it has to with the yen spooking. Gaves in hong kong barely. Declines in shanghai. Commoditie
March. Last trading day of the month, a lot o data, more fed comments ahead of the jobs report on friday. At viacom the drama continues. The current board, well, its not going to go quietly vowing to dig in. And this is whats amazing, fight its Controlling Shareholders hold over the company. And a new name at the top, debt on the highest paid ceos and why the pay isnt moving the direction you may think. First up we head into the final trading session of may. The nasdaq leading the month more than 3 . If the gains hold this will be the fourth year stocks have major averages have gone positive for may. No selling and going away necessarily. Mike, your point this morning is stocks have been able to rally in an environment where a rate hike looked more and more likely. Exactly. Although its hard to say if the market is fully kind of digested that idea that were going june, july. But todays personal spending number kicks you in that direction again. Been a strain in the market for well over