We start with the social media app tiktok because its ceo has vowed to keep on fighting after the us House Of Representatives passed a bill that could see the app banned in america. Shou zi chew released a video on tiktok threatening legal action and warning that if the bill becomes law it will mean the end of tiktok for its 170 million users in the us. Well hearfrom him injust a moment, but first, heres our us Business Correspondent erin delmore who has been following developments on capitol hill. The houseboat sets the stage for what could become an ultimatum to tiktok Chinese Owned Company bytedance. Selby avenue or it will be banned. There is a way to go between here and there. It needs to go through this and it faces an uncertain future. The Senate Majority leader has been noncommittal about whether he will bring it up for a vote. Some studies are only about to vote against it. If it does move through the senate, President Biden that he will sign it. Components of the bill argue tiktok is a National Security threat. And the app 170 million us users are vulnerable to data theft by the Chinese Government. The priority is National Security and chinese axis to millions of americans mines. It is with the Primary Issue is. I americans mines. It is with the Primary Issue is. Primary issue is. I betrayed us when you Primary Issue is. I betrayed us when you deal Primary Issue is. I betrayed us when you deal with Primary Issue is. I betrayed us when you deal with an Primary Issue is. I betrayed us when you deal with an issue. When you deal with an issue like that . Yes, there are trade offs. Like that . Yes, there are tradeoffs like that . Yes, there are tradeoffs. , tradeoffs. President trump used to back tradeoffs. President trump used to back this tradeoffs. President trump used to back this idea tradeoffs. President trump used to back this idea but i tradeoffs. President trump | used to back this idea but has changed his tune. While this is imposes privacy concerns, banning the app would be a boom for facebook which he calls an enemy of the people. With that, National Security can use speech and euthanasia becomes a campaign issue. Protesters took to capitol hill on wednesday in support of tiktok. Do to capitol hill on wednesday in support of tiktok. Support of tiktok. Do you have any concerns support of tiktok. Do you have any concerns about support of tiktok. Do you have any concerns about china any concerns about china tapping into people � s phones, the Security Risks from china . Absolutely not. Had concerns about absolutely not. Had concerns about china would be the said concerns about china would be the said concerns right here in america. The issues concerns right here in america. The issues remain, if i didnt sign the bill into law, it will be suddenly challenged in the court. I thought they would need the Chinese Government and they said no. Even if equipped ad, the question of who would buy it. All of the major Us Tech Companies are in the midst of Anti Trust Laws with walkways likely once, they give the nation are purchasing a platform with 170 million users are unlikely. Individuals, companies or groups could take it up but passed deals have fallen apart. If the bill becomes law and tiktok is not sold in around six months, it will be blocked from Us App Stores and Internet Service providers. Lets hear more from the boss. Well, as youve been Hearing TiktokChief Executive shou zi chew has vowed to keep fighting to save the platform in the us. Heres some of what he posted a few hours ago lets go to santa monica california and speak to jasmine enberg, principal analyst for social media at the consultants emarketer. Good to have you on the programme. What do you think is tiktok a threat to National Security . It tiktok a threat to National Security . Tiktok a threat to National Securi . ,. , i. Security . It depends who you ask. Security . It depends who you ask right security . It depends who you ask. Right now security . It depends who you ask. Right now what security . It depends who you ask. Right now what i security . It depends who you ask. Right now what i can security . It depends who you j ask. Right now what i can say is we are closer than ever to a tiktok band and we have ever in the us. There are several reasons for this. One is the momentum for holding the platforms accountable for real world harm, especially against young people which are heavy users of tiktok, at an all time high. We are also in an Election Year that adds a sense of urgency to all of this and urgency is something we saw in the house with how swiftly it passed the bill. I do think the bill will face more hurdles in the senate. Even though we are closer than we have ever been to a tiktok band, he was still a lot of ifs and things that need to happen before this could become reality. It that need to happen before this could become reality. Could become reality. If we look at investors could become reality. If we look at investors in could become reality. If we look at investors in tiktok, j look at investors in tiktok, they are powerful organisations. Some are u. S. Based. They will not be happy about this, the value of their investment massively reducing if it is banned in the states. ,. ,. ,. , states. There would be a lot of beneficiaries states. There would be a lot of beneficiaries also states. There would be a lot of beneficiaries also of states. There would be a lot of beneficiaries also of a states. There would be a lot of beneficiaries also of a tiktok l beneficiaries also of a tiktok band, there is a long list of companies that would potentially benefit, matter being one of them. 0rdering preliminary analysis and if the ad dollars spent on tiktok were reallocated, metal would get a fair share. To be fair, reallocated, metal would get a fairshare. To be fair, we reallocated, metal would get a fair share. To be fair, we are predicting tiktok would break in about 9 billion in us ad revenue this year. Any growth that matter would see would be incremental. There are other companies that would benefit from this as well, whether it is snapchat or ctp players or retail media players, all of which are in competition with tiktok right now. 0bviously Tiktok right now. Obviously the company has been told to sell so they can still operate in the United States to an American Company or whatever. How likely is that, given they have given them a six month window to do so . It is not likely bytedance will agree to a self inhibited, will it will be hard to buy a buyer. There are a lot of Companies Interested in getting their hands on tiktok particularly the big take players that have deep pockets but many of those companies, google, amazon, microsoft, wool bay � s big anti trust issues. Mall players that might want some of those tiktok magic, thinking about snapchat, really cannot afford it. Also the potential of a private buyer but that has not necessarily gone so well for twitter. I do think walmart could be a good fit or tiktok. However, considering how the walmart 0racle deal fell through, walmart 0racle dealfell through, in 2020, i do not see how feasible that could be. Briefly, to what extent will this become an Election Issue . It will take time because it has to get through the house, the senate and beyond that the legal challenges. We heard what donald trump thinks about this, 170 million users in the us, thatis 170 million users in the us, that is a lot of votes. It is an Election Issue. It will depend on who the president of the white house is. Tiktok uses are not going to be happy about are not going to be happy about a ban. They love the app, spent an enormous amount of time on app. Close to 5 million minutes within 2024 based on our estimates. What has been interesting as one of tiktok � s biggest lines of defence against this bill has been mobilising users and creators who already come out in full force. That has backfired to some extent which is actually something unpredicted in March Of 2023 when we were also talking about a tiktok band because in some ways it emboldens components of this bill and confirms their arguments that tiktok has a massive influence on the american public. Really interesting. We will keep a close eye. Thank you for your thoughts. To the uk now where foreign governments will be banned from owning uk newspapers and News Magazines under a new law to be debated next week. The uk government has added an amendment to the law, following criticism of a takeover bid for the Daily Telegraph and spectator by a United Arab Emirates backed investment firm, redbird imi. A spokesperson for the uae funded group said they were extremely disappointed by todays development. Lets bring in Chris BeauchampChief Market Analyst at the online Trading Platform id. Hello. This is quite interesting. Uk government is arguing they make this amendment and the changes they will debate next week because they are protecting press freedom in the uk. It they are protecting press freedom in the uk. It does mark a chance freedom in the uk. It does mark a change from freedom in the uk. It does mark a change from the freedom in the uk. It does mark a change from the uk freedom in the uk. It does mark a change from the uk Which Freedom in the uk. It does mark a change from the uk which has| a change from the uk which has been seen as one of the most generous jurisdictions to allow foreign ownership. The key thing as is or state ownership. And the government have large stake in the fund and clearly is go right into the heart of government was the question of whether you should allow this because it will set a precedent. Might not be a major issue now with current investors but in the future, raises the possibility of others having a stake in british newspapers. The thinking british newspapers. The thinking is british newspapers. The thinking is this british newspapers. The thinking is this is british newspapers. The thinking is this is likely to passed through parliament and become law . Become law . Certainly this is the case that become law . Certainly this is the case that labour become law . Certainly this is the case that labour would i become law . Certainly this is i the case that labour would drop the case that labour would drop the amendment to push the Prime Minister into action anyway. Looks like he has been backed into a corner. This has come with discontent from the tory party. The telegraph been key organs of the tory party and a lot of never subscribe. It is gone to the heart of government as well. ,. , as well. Interesting. It is an election as well. Interesting. It is an Election Year as well. Interesting. It is an Election Year and as well. Interesting. It is an Election Year and is as well. Interesting. It is an Election Year and is that as well. Interesting. It is an i Election Year and is that time when the ruling government and opposition really want to get the right headlines in the press and the telegraph, you could argue, may be happy with his headlines. His headlines. Yes, exactly. It is the kind his headlines. Yes, exactly. It is the kind of his headlines. Yes, exactly. It is the kind of thing his headlines. Yes, exactly. It is the kind of thing that is the kind of thing that butters the credentials and that we are sitting full business and maintaining the landscape of british media and maintaining the free voice and thatis maintaining the free voice and that is the key thing they will stress when the stars to go through parliament. The telegraph through parliament. The telegraph needs through parliament. The Telegraph Needs A through parliament. The Telegraph Needs A new financial backer. If it is not bad but i am a investment group, who will it be . A lot of speculation into who is interested in to the telegraph. Into who is interested in to the telegraph. There is some competition the telegraph. There is some Competition Concerns the telegraph. There is some Competition Concerns coming the telegraph. There is some i Competition Concerns coming in. It opens up a bigger discussion about the uk. Interesting accountants at a time when newspapers, although still strong in the uk, you could argue it continues to climb, others have been taken over. People consume news in different ways. This is the issue that has the propensity to crumble on a lot further. Absolutely. Thank you. Talk to you again soon. To asia now where Electronics Giant foxconn reports results in the next hour or so. You may not have heard of the taiwan based firm but the chances are you use one of its products. Foxconn makes devices under contract for some planning of the worlds biggest brands including apple, microsoft and sony. It has already warned this year will be a tough one as the Cost Of Living crisis and political upheaval affects Consumer Spending on gadgets. Lets speak to ben yeh, an analyst at the Tech Research company canalys in the taiwanese capital taipei. Good to see you again. Fox, has warned times are tough, what are we to say when it reports its results . Its results . For the First Quarter. Its results . For the First Quarter. I its results . For the First Quarter, i think its results . For the First Quarter, i think apple. Its results . For the first i quarter, i think apple new Iphone Launch has improved their earnings well. Based on research, we see First Quarter apple shipments as increased around 6 to 7 year over year. That certainly helps. 0verall, that certainly helps. Overall, we see smart phone and pc are still in a challenging environment. Their performance based on the announced results are still declining. We are in the midway point of recovery, pretty positive right now. Apple � s iphone sales fall by 24 sent in the first six weeks of the year. I 24 sent in the first six weeks of the year 24 sent in the first six weeks of the year. I really important market for of the year. I really important market for foxconn of the year. I really important market for foxconn because i market for foxconn because apple, doesnt it account bombers half of its sales . For over. I bombers half of its sales . For over for over. I think apple is still able for over. I think apple is still able to for over. I think apple is still able to keep for over. I think apple is still able to keep their. For over. I think apple is still able to keep their stress around the globe. We are still looking at shipment stay stable this year. Looking at shipment stay stable this ear. ,. , looking at shipment stay stable this ear. ,. ,. ,. , this year. Foxconn a lot of it was in mainland this year. Foxconn a lot of it was in Mainland China this year. Foxconn a lot of it was in Mainland China but. This year. Foxconn a lot of it i was in Mainland China but has now moved some to india because of the risk of growing restrictions on chinas access to chip technology. Do you see that happening more and more into the future . Foxconn will move away from china . It is into the future . Foxconn will move away from china . It is not ust their move away from china . It is not just their issue. Move away from china . It is not just their issue. A move away from china . It is not just their issue. A lot move away from china . It is not just their issue. A lot of just their issue. A lot of manufacturers are diversifying their manufacturing to different countries. Foxconn, we see they are still moving more allocations to factories in india and vietnam. I think they are going to continue but i dont think it is going to be p i dont think it is going to be up the great. I dont think it is going to be up the great lets get some of the days other news 110w. Shareholder activists are calling on nestle to reduce its reliance on unhealthy Food Products containing high levels of salt, sugar and fats. They say they are worried about regulatory and legal risks to the global food giant, as well as its impact on public health. The resolution will be put to a vote at nestles Annual General Meeting on april 18. More than 11,500 stores were closed down in the uk last year, according to a report by ac