Tik Tok CEO telling employees that its parent company Bite Dance has reached an agreement to create a new US joint venture that will hold the US version of the app and that will be majority owned by US investors. Kevin Meyer Meyer is the founder and co-found co-CEO of Candle Media. He's also the former CEO of Tik Tok and the former COO of Bite Dance.And CNBC's Beijing bureau chief Ununis Yun is here as well. She joins us here at the NASDAQ this morning as well. So folks, let's run through this.Um, first of ...

Core Viewpoint - TikTok's parent company ByteDance has reached an agreement to create a new US joint venture for the US version of the app, which will be majority owned by US investors, addressing security concerns raised by Congress [1][3]. Company Structure and Ownership - The new joint venture will have ByteDance as the single largest shareholder, with TikTok remaining 100% owned by ByteDance [6]. - The deal is structured to ensure that Chinese ownership is below the 20% threshold, with Oracle managing the algorithm and data flow, limiting access to US data only [3][6]. Regulatory Compliance - The arrangement appears to meet US security regulations, as Oracle will review the algorithm without the ability to copy or steal it, and the data used for training the algorithm will be stored and processed in the US [9][10]. - There is a lack of official Chinese government approval, but state media suggests that the deal has Beijing's approval, indicating alignment with Chinese law [5][8]. Commercial Operations - ByteDance will continue to oversee ad sales and e-commerce operations, which is expected to drive revenue and maintain the app's commercial success [11][12]. - The app's download process is anticipated to be seamless, with updates occurring in the background, minimizing user churn [12][13]. Future Considerations - The joint venture structure may complicate future mergers and acquisitions due to the diverse ownership interests involved, making alignment on a common vision challenging [15]. - The potential for ByteDance to go public in the future is noted as a possibility stemming from this joint venture arrangement [15].

Group 1 - Oracle's stock increased by approximately 5% following its involvement in a joint venture to manage TikTok's U.S. operations [1] - The joint venture includes Oracle, Silver Lake, and Abu Dhabi-based MGX, with the deal expected to finalize on January 22 [1] - The agreement allows TikTok to avoid a ban after President Biden signed a law mandating the divestiture of the company's U.S. unit due to national security concerns [2] Group 2 - Oracle will be responsible for auditing and ensuring TikTok's compliance with "agreed upon National Security Terms" [3]

Group 1 - Coffee remains a staple globally, making coffee companies like Starbucks and Dunkin' significant players in the market [1] - The focus is on identifying underfollowed, promising stocks in consumer retail, restaurants, and TMT sectors [1] - A long-term perspective is emphasized, aiming to find businesses with a broad moat or competitive advantage that can persist over the years [1] Group 2 - The analysis considers companies' adaptability in fast-changing industries while maintaining their competitive edge [1] - Quarterly developments are evaluated in the context of a company's long-term strategy [1] - Recommendations for buy/sell positions are based on whether developments align with the long-term vision [1]

Let's bring in Kevin Green, senior market correspondent to help set up the action today. All right, KG. Looks like it's going to be a pushpull kind of day.What's your take. >> Yeah, I would agree with you. I mean, obviously yesterday we actually did see a pretty nice little rally in the S&P 500.A little bit of a weak close, but obviously we were still in the in the green here and we actually did see outperformance from three sectors that we would like to see kind of command this market. Consumer discretiona ...

Core Viewpoint - The Chinese government's reaction to the TikTok deal indicates a belief that the joint venture with Oracle will proceed, as it aligns with Chinese law and does not involve the sale of the algorithm, which remains under ByteDance's ownership [2][4]. Group 1: Chinese Government's Position - The Chinese foreign ministry has not provided detailed comments on the TikTok deal, maintaining a consistent stance that aligns with their legal framework [1][2]. - A Beijing professor has stated that the joint venture is compliant with Chinese law, emphasizing that Oracle will only review the algorithm without the ability to copy it [2][3]. Group 2: Implications for US-China Relations - The TikTok deal is viewed as a non-strategic concession from China to maintain a favorable relationship with President Trump, who may benefit politically from the deal [4][5]. - The joint venture is perceived as a gesture to appease the US, despite the ongoing tariffs, indicating a complex dynamic in US-China trade relations [10][12]. Group 3: Market Reactions - Oracle's shares have surged following the news of the joint venture, suggesting positive market sentiment towards technology stocks amid recent pressures [6][8]. - The overall technology sector is seen as healthy, with the deal potentially reviving trade relations that had recently soured [7][8].

The development is the latest in a saga that has played out over multiple administrations. ...

Core Insights - Significant developments in AI have occurred over the past week, with a mix of positive and negative outcomes [1] Group 1 - The recent advancements in AI technology have raised concerns within the industry [1] - Not all events related to AI in the past week have been favorable, indicating potential challenges ahead [1]

Tik Tok reaching a deal to keep operating in the United States. That's according to a memo from the company's CEO. Tik Tok's US algorithm is going to be retrained on American user data.Joining us right now to discuss this, Doug Clinton, founder and CEO of Intelligent Alpha. Good morning to you. We've been waiting for this moment for quite some time.I think the big questions around this is how has this fundamentally changed uh the dynamic. Is it actually more secure. >> Yeah, Andrew, it's been 5 years in the ...

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