about temu. it a very large company owned by a — about temu.. it a very large company owned by a chinese company and - about temu. it a very large company| owned by a chinese company and has arrived on our shores about a year ago and grew extremely quickly taking a good cut at amazon, taking over abouti billion which is super fast growth but aiming at relatively young consumers. there were concerns about the marketing practices. truth? about the marketing practices. why would temu — about the marketing practices. why would temu need this sort of data and hold onto it in perpetuity? taste and hold onto it in perpetuity? we are and hold onto it in perpetuity? - are seeing the emergence of the new market for biometric data. before, nobody really needed voice data because there was not much you could do with it as a marketeer. now we have arrived at artificial intelligence and the marketing tools need to be trained on voice and faces and biographical data, it needs a lot of data. that is what i suspect it is doing.— needs a lot of data. that is wha

but i'll bring you back to the temu competition, would you have ever enter that?petition to me sounds more _ enter that? that competition to me sounds more like _ enter that? that competition to me sounds more like a _ enter that? that competition to me sounds more like a pyramid - enter that? that competition to me | sounds more like a pyramid scheme sort of thing, that's nothing that we would get involved in in the group i'm with. we wouldn't be doing to competitions either. it's much more about buying a product that has a competition in it and entering that way, or making a little video or writing something creative, it's much more the brands we know and love, certainly would never have entered temu, i've never bought anything off them either. in a coule anything off them either. in a coople of _ anything off them either. in a couple of sentences - anything off them either. in a couple of sentences then, give us your advice. couple of sentences then, give us youradvice. if couple of sentences then, give us your advice. if someone wants to be as lucky as you, wh

previously, temu had said these were "standard terms and conditions". professor of cyber security at the university of bristol. thank you for coming onto the programme. so were those terms and conditions overly broad? yes. programme. so were those terms and conditions overly broad?— conditions overly broad? yes, as you have 'ust conditions overly broad? yes, as you have just read _ conditions overly broad? yes, as you have just read out _ conditions overly broad? yes, as you have just read out in _ conditions overly broad? yes, as you have just read out in your— have just read out in your introduction, these terms and conditions exist quite a lot and the online data economy because of course we sign up for services and we get something in return and we are paying for this with our data. in this case as you have noted, the terms and conditions are incredibly bright and asking for a lot of personal information and then in perpetuity and whatever form they would like. we can see that because of the pressure that temu have faced, they have now changed their

included promotional juices that temu does not engage in.and profile picture will be used for rewards in the future. as temu is becoming a leader in the online marketplace, many more questions will be asked towards the chinese company as to how they store the data of their customers. in india, deepening religious polarisation and increasing islamophobia have marked narendra modi's second term in power. ahead of the general election, which is due to begin next month, people from the muslim community, which constitutes india's largest minority, have told the bbc they feel they are being marginalised and suppressed. the government denies the allegations. in india, deepening religious polarisation and increasing 0ur south asia correspondent yogita limaye reports from northern india — a warning that her report contains images that some viewers may find distressing. the sense... out on the streets of the capital, delhi, a policeman assaulted muslims offering prayers. just outside goa, a muslim man was beaten by a mob, forced to chant the name of a

it's known, is a fiercely competitive market especially because of online retailers like shein and temurices and growing rapidly as a result. but some of their business practices are under scrutiny. france is considering charging brands at tax for the environmental impact of their manufacturing. meanwhile, a us lawmaker has questioned shein�*s business model, saying its practice of importing smaller packages allows the company to avoid customs duties. a contributing editor for tax notes gave us a sense of what's at stake for the fast fashion industry. i think that there are concerns about competition from china but they are also revenue concerns that are playing out within governments around the world so, i will start off by saying this — consumers around the world are obsessed with fast fashion and we are seeing that companies like shien and temu have made it so easy to go online and browse literally hundreds and dozens of options that cost just a few dollars. and when shoppers around the world buy from a company like shein, they normally received their packages directly from the compa

it's known, is a fiercely competitive market, especially because of online retailers like shein and temurowing rapidly as a result. but some of their business practices are under scrutiny. france is considering charging brands at tax for the environmental impact of their manufacturing. meanwhile, a us lawmaker has questioned shein�*s business model, saying its practice of importing smaller packages allows the company to avoid customs duties. a contributing editor for tax notes gave us a sense of what's at stake for the fast fashion industry. i think that there are concerns about competition from china but there are also revenue concerns that are playing out within governments around the world. so, i will start off by saying this — consumers around the world are obsessed with fast fashion and we are seeing that companies like shien and temu have made it so easy to go online and browse literally hundreds and dozens of options that cost just a few dollars. and when shoppers around the world buy from a company like shein, they normally received their packages directly from the company. now,

and it involves temu.ly changed the terms of a cash giveaway after customers expressed concerns. participants in the promotion receive up to £50, but had to agree to permanently hand over considerable amounts of personal data. pierre—antoine denis has more from the newsroom it has been nicknamed amazon 0n steroids and it has taken the e—commerce world by storm. i'm talking about temu, the chinese—owned online marketplace that is on the rise, emerging as the world's second largest retail giant behind amazon with just short of 500 million users. why? mainly because it beats all competitions, price—wise. and its slogan, very catchy — shop like a billionaire. and when we think about it, that giveaway campaign is empowering just that, giving the customers free money in some sort. but as many analysts would say, if the product is free, it probably means that you and your data are the product. and social media users were very quick to point this very fact, because when we look at the very first t&cs of that givea

from temu.t's incredible. thank you. >> thank you. maria: tim burchett, thank you. good to see you, sir. we'll be right back. (♪) (♪) (♪) (♪) if your business needs a new application then developers will have to write code. a lot of code. if an application needs to be modernized then you'll need time, resources... and caffeine. if this sounds daunting then use watsonx code assistant ai designed to multiply developer productivity so you can generate code quickly. let's create a more modern foundation for business, with watsonx code assistant. ibm. let's create. investment opportunities are everywhere you turn. but at t. rowe price, we're letting curiosity light the way. asking smart questions about opportunities like advances in healthcare. and how these innovations will create a healthier world tomorrow. better questions. better outcomes. (♪) i've got to go. ok. bye. mom! (♪) -thanks mom. -yeah. (♪) (♪) you were made to dream about it for years. we were made to help you book it in minutes. ♪ (up

and it involves temu.pants in the promotion receive up to £50, but had to agree to permanently hand over considerable amounts of personal data. pierre—antoine denis has more from the newsroom. it has been nicknamed amazon on steroids. i'm talking about the chinese owned online marketplace on the rise, emerging as the third largest retail online, mainly because it beats all competitions price—wise, and its slogan, very catchy. shop like a billionaire. and when we think about it, that giveaway campaign is basically giving customers free money. if the product of do's free it probably means that you and your data are a product. social media users were very quick to point this very fact. when we look at the very first terms and conditions of that giveaway, it states that participation in the programme... but it does not end there. because all of this data can be used... and that was the cause of the backlash on social media. with users saying that this was essentially not worth it. and it prompted temu to react

previously, temu had said these were "standard terms and conditions".cyber security at the university of bristol. i aksed him if there's anything we can do when it comes to this type of data collection. i think the big challenges of course, the data drives the digital economy. of course we utilise it for all sorts of good purposes as well, but we really need to ask the question to ask the question as to the information we are giving, is a really essential for the service to be provided to us and equally, it is the responsibility of the service providers to not actually ask for more information than is essential. of course you can have regulatory safeguards regulatory safeguards are this as well, but the question has to be asked, do these privacy policies and terms and conditions need to be so big, so broad? should be really be giving away lots of information for getting a service that that necessarily require all of that. the thing i would say is any time such an offer happens, if it's too good to be true it likely is. now it's time for the panel... the

i bought some stuff for my wife at temu just to see how it worked.well received, frankly. i think it was mostly because of the dow issue, you know? >> the what? poly ethylene. >> the actual making of it, which would trigger a fire hazard throughout new york city, but that's what they make. they make incredibly cheap stuff. the prices are insane. you know what? it's crazy eddie-like prices. >> insane. good old crazy eddie. growing demand driven by encouraging consumer sentiment. that was the company's co-chief executive officer, going on to say, "we will continue our high-quality development strategy and stay dedicated to offer great value and exceptional service." >> did they say high quality? they mentioned high quality? they saw jassy and amazon, you can buy their stuff an amazon, and they give you a date. if you buy it through them, it comes within two or three weeks. if you buy it through amazon, you get it immediately. you have to pay a little more. i mean, i bought a swimsuit for my wife, which, again, was a suboptimal situation when we receive

imamo sporazum koji su pot koji je na inicijativu dvojice pred na kraju da ne Širim sada dalje mnogo temuiji na podršci koju nam nam nam nam ija prža kad je rečem teritorijalnom integritetu suverenetu. velikom razumevanju i podršci u svakoj situaciji kada smo se mi obratili za pomoć, ja would like to personally thank you for each situation, mi ćemo razgovarati o tim o situaciji na zapadnom balkanu, naravno, ali uh, ta politika dvostrukih standarda. "u odnosu na srpski narod i na pitanje kosova i metohije je uh upravo i dovela do narušavanja našeg teritorijalnog integriteta".

so there was a big entry in the market a couple of years ago of a company called shein and temu, and. it hit amazon by about three billion. so out of the 30 billion turnover, they are significantly down. so they have issues with finding balance in satisfying the shareholders, but also trying to look after the people while the market for them is shrinking. to the spanish island of ibiza now — and the soaring cost of a place to live. in many parts of spain, rental costs have risen steeply in recent years. but in the tourist hotspot of ibiza, the rise has been magnified by the influx of foreign visitors. and that has left many locals unable to find affordable accommodation — and businesses struggling to find vital staff. guy hedgecoe reports. ibiza is preparing for the summer tourist season. its beaches and resorts have long been a magnet for holiday—makers. but its success has helped create a housing crisis. across the balearic islands, rental costs have increased by nearly 20% over the last year alone, and in ibiza the increases have been even sharper. there are several reasons for th

because it is a chinese company it is the owner of temu which is going a company like walmart, the stock last year we are watching after earnings. a shocking overnight reversal from a federal appeals court allowing texas from enacting the new border law, were talking about it when we come back. more americans tuning into streaming services how much are we watching and how much are they changing streaming to include advertising. we're going to talk about a coming out ♪ ♪ ♪(song in french)♪ (♪) (♪) (♪) (♪) book in the hotels.com app to find your perfect somewhere. we're talking about cashbackin. not a game! we're talking about cashbacking. we're talking about... we're not talking about practice? no... cashbacking. word. we're talking about cashbacking. cashbacking. cashbacking. cashback like a pro with chase freedom unlimited. how do you cashback? her uncle's unhappy. i'm sensing an underlying issue. it's t-mobile. it started when we tried to get him under a new plan. but they they unexpectedly unraveled their “price lock” guarantee. which has made him, a bit... unruly. you called yourself

tariff amounts of their international shipments and they think it's unfair that companies like shein and temung and maths, there is a significant gender gap right through the workforce. girls are less likely to pursue studies in stem subjects than boys. tech firms in denmark have come together to develop and roll out a new computer game to engage seven to 12—year—olds in science and technology outside of the classroom. adrian murray has more. there's a problem. girls are less likely than boys to study subjects like science, technology and maths. to tackle this issue, tech bosses here in denmark are now turning to gaming. denmark are now turning to auamin. ~ �* , denmark are now turning to uuamin.~ �* , ., ~ gaming. we've been talking about the — gaming. we've been talking about the lack _ gaming. we've been talking about the lack of _ gaming. we've been talking about the lack of women . gaming. we've been talking about the lack of women in | gaming. we've been talking - about the lack of women in stem and the numbers are just not moving. instead of trying to reach the girls when they're in hi

headquarters in dublin in 2020 and its beenjoined by fast—fashion platform, shein, and fashion app, temu lohan is the chief executive of the irish development agency. hello to you. you operate in that space. how good has it been? ,., ., that space. how good has it been? , ., ., ., , been? good morning. the irish economy certainly _ been? good morning. the irish economy certainly is _ economy certainly is diversified over the last two decades, it is at the forefront of a modern economy in the sectors you mention such as technology, sciences, international financial services and high—value engineering and we have many companies in our portfolio and they are from across the entire globe. the vast majority are investment comes from the us to 60%, the rest of the well at 5%. we identified sectors and jobs in the last sector. haifa jobs in the last sector. how much of — jobs in the last sector. how much of a _ jobs in the last sector. how much of a risk _ jobs in the last sector. how much of a risk is _ jobs in the last sector. how much of a risk is it - jobs in the last sector. how much of a

an article about meta's future may be dependent on the growth of e-commerce websites like shein and temu which this committee did a report last year related to those sites. how do we manage this moving ahead? what are the risks to american consumers by using these kinds of chinese e-commerce websites? what are the risks to our national security? what's the kind of data you believe some of these companies may be sharing with the chinese government? what is the liability? >> thank you for your question. there's a lot of important topics you have raised. i will try to address them one by one. firstly, why it is a risk is information and data collected about all of us, it is accessible to any government agency or entity in china. and it has been reported to have been used for spying already. secondly, beyond just spying, it can be used, i'm speculating, to train ai, and know more about us than we know about ourselves. what can happen at one point is they will know more about us than we know about ourselves and they will always win, just like a chess game. thirdly is, what kind of information

chinese e—retailer temu, does a u—turn on a cash �*giveaway�* offer — after customer concerns.t over two months since changing sports. the odds that he'll be lining up alongside the likes of patrick mahomes and travis kelce in an nfl game remain slim. but as adam wild reports, his journey so far has already been very closely followed. for louis rees—zammit this was about taking a chance on a new sport, now that sport is

so there was a big entry in the market a couple of years ago of a company called shein and temu, andut three billion. so out of the 30 billion turnover, they are significantly down. so they have issues with finding balance in satisfying finally, to some tiny creatures that can cause big problems for the travel business. the level of bed bugs in hotels here in the uk has almost tripled in the past two years and is set to get worse again this year, according to research out this week from a pest—monitoring firm. but could artificial intelligence turn the tide in the battle against the critters — providing some literal software de—bugging? well, robert fryers is co—founder and chief executive of spotta — which makes devices that monitor pest levels and provide early warnings of infestation. he gave us some tips on how to tackle the blood sucking parasites. the key thing with bed is vigilance. if you catch it early, you can get on top of it and you can prevent them from spreading. and that's what we do at spotta. so we make little boxes that look a bit like this. think of it as a smoke d

alicia: i think temu mainly comes from domestic competition, maybe amazon in the u.s.just launched the semi manage model last week, it's very early but they are on boarding local sellers. they will be risking a little bit from the potential change on import tariffs. annabelle: alicia, our guest. bringing attention to some of the movers today, chip stocks being watched and we had some headlines at the top of the hour around south korea's trade numbers, the exports to china rose 7.5% on the year. chip exports rose 46 point 5%, just a correction on an earlier headline. the focus on chip stocks through the session given the stronger forecast for micron overnight and the signal path we could be entering a super cycle for chips linked to the ai space. we will have more ahead. this is bloomberg. ♪ annabelle: watching fx moves closely this morning and one of those in particular is the japanese yen, you can see we are pushing close to the 151 mark, up against the greenback by 3/10 of 1%. we are hearing from japanese government officials saying they are watching these moves with

there will be no repercussions, we are absolutely wrong and need to look carefully at retail touched by temud to look at where these tiny companies could move aggressively and on a regulatory basis i'm not sure that we will figure it out. sonali: what do you think about this tiktok bill headed to the senate and the near impact for social media companies? ann: none, i just don't think that anything around the actual execution around doing something about tiktok will hit anytime soon. the obvious winner would be meta, where you might see a redeployment of creators of tiktok is shut down. i think it shouldst shine the light on social media in a much more aggressive fashion. again, if steven mnuchin purchases tiktok and there is a change in the administration, all bets are off. sonali: are you betting on meta-now? ann: i would not. they have had the benefit of being rewarded for their cost-cutting. tiktok, if anything happens it will take a long time and we need to see what will happen in the world of vr when it comes to their future performance. ann: thank you for going all around the technolog

i was referring to that absurd decision you made to buy your wife a bathing suit on temu. >> that was a major mistake and ill-advised. i think it came with a fire hazard label. >> who would ever do that? are you trying to get divorced? what were you thinking? >> it came in a fedex package, and i opened it up. >> oh, a fedex package. perfect. perfect segue. >> oh! >> thank you. >> excellent. >>> all right, fedex shares are going to be up, jim. the take i'm hearing, having talked to one large shareholder, expressed margins stronger than had been thought, even though 2.5% is not much to speak about. it's a lot better than it's been. the cost-cutting is starting to take hold. the entirety of the beat appears to have been expressed margins. this is a company that has blown up previously in a weak demand environment, but the question is maybe they can hang in there if there is one. and they seem to be getting better at managing expectations, not to mention the $5 billion buyback is a big number. what's your take? >> two points here that need to be made. raj subramanian said it was an unwiel

it has struggled to integrate and also faced a tougher competition from discounted e-commerce like temuther retailers introduced some cheaper lines trying to attract some of the inflation hit consumers, so they haven't attracted more on average they have been spending less. shares in dollar tree fell 14% yesterday making it the worst on wall street in more than six months. >> lastly, a new study shows automated driving systems seem to be lacking in the safety department. tell us more about that. >> they released their very first ranking for partially automated driving systems. these are not self-driving cars but a system a driver needs to pay attention and watch the road and stand ready to take control if anything goes wrong. they tested 14 different systems including bmw, gm, nissan, and volvo, and 11 were rated poor, two were marginal, and only one passed, and that's the advanced drive. most of them do not include adequate measures to keep drivers from losing focus on what's happening on the road. john? >> all right, cnbc's charlotte reed live from london, thank you very much. >>> nex

are are owned by foreign companies, temu, shein, tiktok, obviously.ecedents pushing other companies and their a apps to sell and pushing u.s. companies to sell if they operate overseas. it's an economic story because revenue is on the line. a lot of these apps want exposure to the u.s. because, let's face it, americans spend the most money buying their stuff. and if you look at tiktok specifically are, ashley, they make $16 billion in revenue in the united states last year alone. so, yes, it's an economic story. money clearly on the line, and precedent could spark backlash. ashley: yeah, it could. that's a lot of stuff. come into who this, lou. [laughter] do you really think a tiktok ban or forced sale would disrupt the app economy? >> no, not at all. i don't think you're going to see a tiktok ban at all. there's too many economics and policy involved. forget protecting national security, that's just the way our world is working right now. the app economy, most foreign companies, 26 of the top 100 apps downloaded in the u.s. are owned by foreign compa

lauren: up and goes 3.6%, temu, very popular there expected to generate $37 billion in growth merchandiseear in chinese equities of today there cpi rose for the first time in six months that's a good sign for their economy. stuart: they want inflation, ramadan begins today, cease-fire between israel and a moss remain at a standstill, trey yingst in tel aviv what is the latest from their. >> good morning this comes as growing tension between president biden and israeli prime minister benjamin netanyahu over what the next step should be inside of god as the war rages on 157 days inn we understand there are continued humanitarian concerns for the palestinian people and not specific issue causing a riff with biden saying in an interview that benjamin netanyahu is hurting israel more than helping this morning on "fox & friends" benjamin netanyahu responded to biden's comments saying this. >> we have our agreements on the basic goals but we have disagreements on how to achieve them ultimately as israel has to decide i'm there because our people were murdered are women were raped and beheaded. i

. >> one is meta and there was an article in "the wall street journal" talking about temu and learnedopped like a billionaire. they lose $7 on almost every sale. they were the largest advertiser on meta and google and if you think about if there is going to be this sort of bipartisan groundswell towards kind of shutting some of these operations down, that will also have an effect on ad revenue here in the u.s. >> coming up rivian's new ride. the latest offering from the ev maker and how they're hoping it will easthe esree prsu to cut prices. back in two. ake this work. -we can make this work. it can help you reach them with confidence. no wonder more than 9 out of 10 of our clients are likely to recommend us. ameriprise financial. advice worth talking about. personalized financial advice from ameriprise can do more than help you reach your goals. i can make this work. it can help you reach them with confidence. no wonder more than 9 out of 10 of our clients are likely to recommend us. ameriprise financial. advice worth talking about. when i was your age, we never had anything like thi

which they did seem to acknowledge in some respects, but specifically from pdd, which is the owner of temuop like a billionaire. >> it's very competitive. if you think about that environment, the question is, if you're investing in chinese ecommerce names, and even internet companies more broadly, based upon fundamentals or not. again, on fundamentals if you look at the cash and the balance sheets of jd, and they talk about this buy back, i think alibaba has somewhere in the nature of 80 billion with cash equivalents, everything about these companies says buy, buy, buy. and i think the fundamentals are starting to, you know, look better based on this profit dynamic that people can allow them to focus on the names themselves. these were great numbers. great numbers, and i think they are coiled springs. i just don't think people are jumping on the other side of that sea saw yet. i've definitely added to chinese internet names over the last couple of weeks, and i feel like i can own them for the long-term and doing that for clients as well. the politics around it in terms of what the chinese

chiefs played grea usher sang on roller skates ♪ ♪ but i still don't have a clu what the hell is ooh ooh temunse called biden old like we don't already know ♪ ♪ made his campaign super scared but biden said ♪ >> oh i don't care [ light laughter ] ♪ trump in cour a million time half a billion owed in fines ♪ ♪ cash your check to pay the sum he'll say ♪ >> none of the above ♪ bachelor and valentine' getting rose drinking wine ♪ ♪ one new coupl struck a cupid talking about ♪ >> tucker carlson, vladimir putin [ light laughter ] ♪ taco bell's dream gelat in the dar i think it glows ♪ ♪ so eat a cu and you might glitch kind of like your name is ♪ [ light laughter ] ♪ february bid adie march is her and spring is too ♪ ♪ time to focus on your brackets then get black out st patrick's ♪ ♪ [ cheers and applause we have a great show give it up for the roots, everybody! [ cheers and applause ♪ ♪ [ cheers and applause >> jimmy: oh, what a show! thank you, roots what a show we have for you tonight. she's a talented actress oh, my gosh. i love her one of our favorites she stars in the new movie, "damsel," wh

what's the level of concern of the president that apps like tiktok and temu are sending data now, thecommunist period? -- party? >> so look, we do have concerns which is why we put out this eo. >> reporter: how many the president's campaign is on tiktok, if it's such a concern in. >> so, look, i'm going to let the campaign speak for itself. >> reporter: republicans have been warning this administration about china and data since president biden came into office. on the evs, china plans to make them in mexico and flood if the u.s. market. >> all these evs are connected, and they're connected to the internet, they're connected through satellites. and and so -- and they can be directed. a lot of these are going to be self-driving. and so god knows what kind of instructions they can get from china. we have a bunch of chinese, you know, evs, self-driving evs running around america, yeah, it's a national security threat. >> reporter: the commerce department will take months to go through their regulatory process and come up with a report later on this year. liz? elizabeth: appreciate you so

he uses perplexity and chatgpt every day, tells you already, right, the world is changing, like -- temunaire, search like a billionaire. if you wanted to search like a billionaire -- billionaires don't have time, they just want answers. so, i'm sure everyone wants to look like a billionaire, wants to save time and have more time for themselves. and that will automatically create a world where we are using answer bots every day. and interacting with them through factors, all these things are going to happen in the coming months and years, and we will look back, five years from now, we're going to be, like, oh, wow, we were using the links for so long, and now, a new technology and a new factor has been unleashed, and look how much easier life is and how much easier access to information has become. >> in a year, we're going to say, oh, yeah, we spoke to the perplexity ceo, that was before they were bought by apple. >> well, i've seen your comments about this in your previous show. i think one of you said we are pocket change for apple, but look, it's -- that's not what motivates us. what

shares of pinduoduo lower today after reports the company shopping app temu is looking to lessen itsted states market. dan, you brought this up before. because they spent so much to get into the u.s., that was actually benefiting google and meta, which, the reverse could be true, it would hurt google and meta. >> obviously this plays into the whole kind of tit for tat that's going on with tiktok, too. how we kind of treat their companies who are trying to be here. it's been a huge boon, i think, for google and meta, but let's see if that happens. the other thing is, they are losing a lot of money being here, and so, you know, again, they're going to likely shift that, if the political winds change a little bit. >> you think they lose a lot of money when they send me a $4.99 bathing suit in a package from china? how do you think about it in terms of the impact on retail? >> well, i think that it's -- you think who has really been hurt, it's h and m, they've really been hurt, etsy was up a bunch this morning on that, ended up not up very much at all, but it's -- i didn't think original

and it is temu. i think they're sending me everything to flood the zone. are these a problem?he landfillville. gap is a much higher brand but these guys have price points that are ridiculous. >> look, the apparel industry is a competitive one. it's cutthroat. we have iconic brands. and we have a strong store footprint with the number two e-commerce platform, apparel business in the country. we have incredible heritage. we have a tremendous opportunity by ourselves to reinvigorate these brands. we react to trends quickly but we're not fast fashion. there are commitments to deliver style, quality and value. and as a house of iconic brands we take great pride in the trust that we build with customers who come to us for value and our values. >> all right. but let's -- >> we have a legacy -- >> i'm sorry, go ahead. finish up. i'm sorry. >> i was going to say we have a legacy at gap of creating positive impact in the communities that we operate in. not just what we do, jim, but how we do it. we take great pride in our purpose. >> i'm a believer. what can i tell you? i saw in that la

meta was a huge beneficiary of all the advertising by temu and shein. point was, is that there will be a tit for tat if we want to dial up this sort of rhetoric. and it's very different if you think about what we're talking about with chips and when you're talking about propaganda and the like here. this is not something that goes away any time soon, even if tiktok is divested. >> let's bring in the lead tech analyst over at jeffries. brent is one of the biggest meta bulls on the street. brent, great to have you with us. obviously some of the move is, you know, this rotation out of some of the stocks that have done very nicely on the nasdaq 100, but i'm wondering if you believe part of it is this notion that, you know, in a trump presidency, facebook, meta, will have a target on its back, and that could hurt it in many different ways, including one that dan has alluded to, and that is, you know, less advertising from some of the biggest advertisers out there currently. >> it's headline risk. this isn't fundamental risk. and i think when the president sa

now we have temu and schein.et -- kind of precedent does this set, it's e-commerce. they are collecting huge amounts of american data, so does this sort of put in play a way for the further bifurcation, a lot of american apps are already banned over in china, like twitter, meta, and facebook and instagram, google. so do we see a further breaking off between the two? that's sort of where this is all headed potentially. >> yeah. another reason why we're going to keep a close eye on it and continue this conversation with your help. thank you. >> that's not even getting into the politics and the geopolitics. >> i know. >> it's complicated. >>> check out the action in bitcoin. suffering a steep drop after trading above 72,000 last night. a decline of roughly 7%. we'll monitor the crypto volatility. back with you in a few. let's check it out. says here it gets plenty of light. and this must be the ocean view? of aruba? huh. this listing is misleading. well, when at&t says we give businesses get our best deal, on the ip