Welcome. Guest thank you. Host what was at the issue and the core . Guest this started a year ago when energy and Commerce Committee chairman rogers brought tiktok ceo to testify. Two issues were spoke, there were National Security concerns and data privacy concerns with the app and specifically with its owner, bytedance, having ties to the Chinese Government. This started a year ago. Shortly afterwards a bill was introduced and that is now that we have law which directs the divestment or ban of tiktok. Host would it be a technical ban if it goes through . Guest depends on who you ask. This is not necessarily a bill to ban the app. It gives tiktok the option of finding a different owner, a u. S. Owner that isnt a National Security threat. Because that sale could be so complicated and politically precarious, you could actually ask at this was a man ultimately. Host what timeframe doesnt give tiktok to make the decisions . Guest it gives them nine months and the president could extended
Morning on cspan. On cspan. Org. Click speech of tiktok in the United States or discussion with acxiom stack welcome to the program for. Thank you for having me. Take us back in time a little bit about debating this the president. It was the issue at the core . Whats this all started about a year ago when energy and Commerce Committee really quick to issues were highlighted during that hearing. Number one is the National Security concern. As data privacy concerns with the act. With its owner having too many ties to the Chinese Government paid the started about a year ago. Shortly after words a bill was introduced we have directs the divestment the band of tiktok frequencies the word band would be a technical ban if it were to go through . Works dependency ask the bill authors are adamant clarifying this is not necessarily a bill to ban the app. It gives tiktok the option of finding a different owner put a u. S. Owner that is not a National Security threat. But, because the silt could b
To come next from the fed. No signs of relief with the 10year still at 469. The 2year at 5 . We saw that yesterday morning on the hot data that was hotzer than had been anticipated. Price of bitcoin down substantially, just holding at 57,000. And then gold prices were down by 2. 3 yesterday. Theyd been hitting new highs, this morning sitting above 2,300 an ounce. Then you have crude oil prices with continued concerns in the middle east. At this point, down by almost 2 as well. Maybe that leads to questions about what the Global Demand is. 80 . 39 a barrel. Police cleared an occupied building. Columbias president has asked the nypd to maintain a presence until may 17th to prevent further encampments or okay pages. It was extraordinary just to watch the police going in there, taking these kids out, protesters on all ends of it. Its unbelievable. I know, obviously this is spreading across the country. It happened a little earlier in florida. It didnt seem quite as jarring for some reason.
Meeting this week along with the jay powell press conference. That will be the focuses for the markets. Right now, the tenyear yield is just about where it has been the last tcouple weeks propalestinian protests continuing on College Campuses over the weekend some schools requesting Police Intervention to stop encampments. Jill stein was arrested at a protest. She said it was about freedom of speech which needs debate and dialogue at ucla, protests by propalestinian and proraisrael supporters and at state university, they paused connections to boeing after they demanded to cut ties with the weaponing Manufacturing Division the school has no investment in boeing it accepted 150,000 in donations. Boeing providing 28,000 a year for scholarships the University Paper aresident d in response to the issues. Officials in china removed restrictions on tesla cars after the vehicles passed the Data Security requirements. Just this morning, the wall street journal is reports that chinese officials
Delivery numbers that are of importance for us. We dont know how big. No. Kellogg nova set to begin trading today at the nyse. Well talk to the ceo later this hour. We talked about the pain we got through in q3. A bunch of new notes this morning of top pick lists out of the major strategists. So were guaranteed some data. Maybe the fed wont be flying blind into the next meeting. Well get the big jobs report on friday. Well get the jolts report before that to see if job openings have come down and the Inflation Report next week. Those will be the determinants. November is looking like a coin flip on whether the Federal Reserve raises rates. The back drop here of rising treasury yields. The market rates rising despite the fact that were still only expecting one more or no more rate hikes for the fed. The higher for longer mentality has really seeped in to the bond market and to the stock market as well. I think that thats what you saw in the performance of september. Thats going to be th