The White House is definitely keen to get a deal done. And uh as you said, there are multiple parties involved. Oracle is the publicly traded entity that's uh front and center in terms of being the lead company that will be owning Tik Tok along with these other private investors.And look, at the end of the day, it's clear the algorithm would be rewritten or they would be licensing it. that is that was a sticking point all along. So, uh Oracle already has the data for Tik Tok in their data centers.So, that p ...

The US now nearing a deal with China over Tik Tok after months of negotiations. The president saying the Murdoch, Larry Ellison, Michael Dell are involved in that deal. Our Julia Borston has details in today's tech check.Morning, Julia. >> Good morning, Carl. Well, a deal for Tik Tok's future is starting to come together with President Trump expected to sign an executive order later this week.Then there'll be another 100 day period 120day period for the deal to close. Now central to this new deal existing i ...

them. Joining us right now is Michelle Ga, former assistant secretary of state for global tech affairs uh in the first Trump administration, now CEO of CROC uh the Institute for Tech Diplomacy at Purdue University. Good morning to you. Morning.Do we think that this is just a what he's talking about now is the board. Is that your understanding of of what we're talking about or we're talking about ownership stakes. Uh it sounds like the board.Um and I think big picture is all of the details of this deal are s ...

A White House official says that Oracle will recreate and provide the security for a new version of Tiktok's algorithm. Under the deal, owners of the US, these version of TikTok will lease a copy of the algorithm from Bytedance, and then Oracle is essentially going to serve as the gatekeeper here, continuously monitoring and operating that algorithm, the official said. The data will be kept in a secure cloud and that Bytedance will not have any access to US based users information on the platform.The algori ...

TikTok’s Algorithm And Board Will Be U.S.-Controlled In Deal With China, White House Sayshttps://t.co/iVjZS8HhFP https://t.co/BYbxSy0sGf ...

Let's go more on the talks between China and the US and the future of Tik Tok and all sorts of other things. We're joined by CNBC contributor Dardrick McNeel who served in the Obama administration. He's now senior policy analyst at Long View Global.Uh Dardrick, great to see you. >> Um I want to Great to see you as well. >> I want to focus in on this Tik Tok deal.While we know very few details, um there's one detail that Aean did uh talk about just now and that is the idea of who controls the algorithm. Um, ...

All right. So, there are obviously then some encouraging signs about a kind of dant with China's leadership and that has maybe helped power China stocks. The FXI and the Kweb ETFs and many others are soaring.The FXI large cap China based ETF is now up 15% in just 90 days. Let's talk about that and more. Kyle Bass, founder and chief investment officer, Hayman Capital Management, joins us now.Kyle, great to chat with you, especially on a Friday. If you were going to advise the president about something he wou ...

US-China Relations & Economic Impact - US President and China's President Xi Jinping held a phone call to discuss topics including TikTok and the economic relationship between the two countries [1][2] - Potential for a personal meeting between the two leaders in Asia this fall [5] TikTok Deal Structure - A consortium including Oracle, Silverlake, and Andreessen Horowitz may own the US version of TikTok with an 80% stake [3] - Chinese entity would retain just under a 20% stake in the revised TikTok [4] - An American-dominated board is expected, with reports suggesting the US government may get one board seat [4] - Licensing deal for the Chinese algorithm is expected, with ByteDance (parent company) receiving approximately 20% of revenues [6] - Atlantic and other US-based shareholders in ByteDance are expected to participate with new investments, potentially representing 30% of the 80% US stake [6] National Security Concerns - Central national security concern revolves around whether the American version of TikTok will continue to use the Chinese algorithm [4] - US government's ability to inspect the algorithm for potential manipulation or backdoors is a key concern [6][7] - Concern exists that a hostile foreign government could control a major media operation within the US, influencing public opinion [7]

Treasury Secretary Scott Bessant told us earlier this week that he's hopeful ahead of President Trump uh and President Xi's meeting today on Tik Tok's future in the US, but not everyone is sharing in that optimism. Joining us now, Congressman John Molinar is the chairman of the China uh Select Committee. And and Congressman, I was kind of saying it tongue and cheek that nuances is the word. It always is the word of the day.Um what is we we've always decided it was a big security concern and then we started ...

President Trump and China's President Xi, they are due to speak today on trade and Tik Tok. It's going to happen this morning. On Tuesday, the president extending that deadline for bite dance to devest Tik Tok's US business.Join us right now on the national security implications of a Tik Tok deal. Want to bring in cyber security expert Chris Krebs who served on the inaugural as inaugural director of Homeland Security's cyber security infrastructure security agency. Good morning to you. Uh morning.Tik Tok ha ...