neil: cfius is council on for ininvestment in the u.s.group you're referring to. there are a lot of kids who use this in the country. the argument you always hear, commissioners, the genie is out of the proverbial social media bottle if you will. that it would be very easy to say, all right, cut it off and ban it here but it's here already and it's used by millions and disproportionate number of young people in this country completely are unaware that china has anything to do with this. that is going to be a blunt moment for them. what do you tell them? what do you tell their parents? >> you're right, it is highly popular but again all this data is going back to beijing. i'm not saying we need to stop all short form video sharing applications. there is competitors to tiktok that are out there. someone really addicted to up loading dance videos there is way to do it. there is a way to do it safe for the national security perspective. we had a case in last couple weeks a court ruled even assuming tiktok bytedance intentionally target ad 10-

the point is to look to the cfius action and look for a result there.e a total bandied go through, i think that is probably what you're aiming for, would that mean that nobody can look at those tiktok reels, all that stuff? it is not available in america, is that what would happen? >> yeah. i think what we need to do is ultimately break the corporate chain back into communist china and i think one practical way that may end up happening yes, to ban the application outright. look i don't see a path forward at this point for putting a solution in place that allows it to continue to operate and the reason for that is really tiktok itself. there was leaked material from a tiktok official not long ago, at the end of the day even if treasury put new protections in place that are rumored, called project texas, depends using oracle servers, the tiktok official said if product and engineering i read as beijing can still get access to it. if tiktok officials are not sure new protection can safeguard user data i think we should take them at their word. stuart: fcc

notable, particularly, brian, because we do know that there have been these conversations between cfiust what a divestiture to a u.s.-owned company might look like. so he's saying a ban is the only way you couldn't have it transferred to a company that's based out of here. so, interesting stuff. we'll see how it all transpires. ultimately, this is in the hands of cfius, not the fcc. >> and you wonder if there's also a macro impact on already strained china/u.s. relations. julia boorstin, developing relations. i'm sure you'll see more let's get a cnbc news update with bertha coombs >> here's what's happening at this hour. about 75% of ransomware attacks reported to the treasury department late last year were connected to russian actors. for all of 2021, reported hacks cost nearly $1.2 billion nearly triple the previous year. the treasury dp says that it was also the target of an attack by a russian hacker group last month, but it caused little disruption spacex has launched its most powerful rocket for the first time in three years. foggy conditions couldn't stop the falcon heavy from bl

but from what it sounds like is these talks are been going on for a while between tiktok and cfius.a republican-controlled house could have an impact here. but i think ultimately this is something that cfius is dealing with now and we could get some information on it fairly soon. the question is how dramatic and draconian the cfius decision is. >> all right julia, thank you julia boorstin karen, we were just talking about this, as one of these events that could be a major catalyst for meta. and meta finished higher by 2% >> meta is up two is great this was an issue during the trump administration, and there was that whole unusual deal with oracle, shall we say but it was never really resolved remember, though, even though there was hostilities between the trump administration and china, they ratcheted up a whole lot more now i think we're looking at a very different far more confrontational. >> dynamic >> yes i think that makes chances a little higher. but it is not a reason to be in meta on the hope that tiktok -- if it happens, it would be great. >> i would actually say a better b

a potential action by cfius emerged due to how musk's many business interests overlap with u.s.secure depravities. yellen said she could not comment specifically what was being looked at. caroline: great update in terms of the ongoing narrative around the twitter deal. coming up, we will talk a bit about deals. the d'amelio is branching out into funds investing in women led startups. this is bloomberg. ♪ welcome back to bloomberg technology. i am caroline hyde in the alongside ed ludlow and san francisco. did you mail your family of tiktok fame is announcing a $25 million fund recently invested backing high-tech businesses but primarily started by women and minority founders. talk us through, this is what you have said, combating systemic inequities in the technology and business world by front and next generation of female and minority entrepreneurs. talk to us about the companies you picked and why they stood out to you. >> that is right. we had about six turnips today. we lost a little over two quarters ago. we just announced those six turnips. four of them were backed by wom

as i i have said many i'ms, we jusu to the committee -- >> reporter: well, jake sullivan mentioned cfiuserce, state department and doj officials, so the very suggestion that musk's relationship should be looked at looks in a way that president biden is essentially telling the department of justice what to do even though he says the white house is separate from the doj. in october 20 2021 the president was asked if he thought doj should investigate those who died the january 6th subpoenas -- defied, he said, i do, yes. no comment from doj after this recent suggestion by the president, cheryl. cheryl: i have to add the prince has had a stake in twitter since 2011, so -- because elon musk takes over twitter, now it's an issue? just, you know, there's a lot of questions here. david spunt, thank you. >> reporter: there are. cheryl: thank you for that report. let's get reaction from executive chairman and nation of victims' author vivek ramaswamy. taking that to you. the prince has had that stake in twitter since 2011. he's now the second largest shareholder in twitter behind elon musk, but wh

i expect the gop house to try to ban tiktok or get the cfius process rolling.r and others in the senate as well. they have to go after tiktok. it is dangerous. elizabeth: rebecca, you're terrific. great insights. we'll have you back on. that was a great interview. good information there. good to have you on, see you again soon. it is coming down to the wire. people are saying the battle lines being drawn. it is trump versus desantis. we'll talk about where they agree and disagree on policy and how that affects you. gop strategist john thomas coming up on "the evening edit". if you used shipgo this whole thing wouldn't be a thing. yeah, dad! i don't want to deal with this. oh, you brought your luggage to the airport. that's adorable. with shipgo shipping your luggage before you fly you'll never have to wait around here again. like ever. that can't be comfortable though. shipgo.com the smart, fast, easy way to travel. you'll always remember buying your first car. and buying your starter home. or whatever this is. but the things that last a lifetime like happiness

itself does not have any authority over tiktok cfius does and they are already in talks with tiktok toetermine if it can or should be divested to a u.s.-based company. tiktok telling us, quote, commissioner carr has no role in the confidential discussions with the u.s. government we are confident we are on a path to reaching an agreement with the u.s. government that will satisfy all reasonable national security concerns we have seen tiktok draw growing ad dollars, as well as users, away from its rivals it's been downloaded more than 200 million times in the u.s we've heard a lot about the threat that it poses to both snap and meta. meanwhile, shares of oracle are lower on this news and that's because tiktok routes u.s. traffic to oracle's cloud infrastructure oracle shares down more than 1%. >> remember when oracle was going to be part of the deal to ipo it it seems like a long time ago. >> while we're on the subject of social media, i have to ask you about twitter. elon musk did just announce that new pricing for twitter blue a lot of speculation about this. we got some news. >> yeah

using cfius, he thought it was a vehicle for the chinese government to spy on people.use that mechanism to go after twitter and him. i think if they do that, though, it is so obvious a violation of the first amendment, i mean, such a cynical ploy to create free speech, but they're worried because it is no longer a public company, it is in his hands. he can theoretically do what he wants, shut it down tomorrow, but he is going to have fun with it. while he has fun, have you followed his tweets about biden? >> sandra: very much. all of elon musk's tweets, as a matter of fact, the night side table one the other day was -- >> it wasn't a real gun, it was a fake gun. and coca-cola. >> caffeine free diet coke. what is happening with twitter since he has taken over. he is reporting he is getting more users, more tweets, it is more active than ever. >> i think this is a tough business to run. i think it is coming at a time the market is correcting. he used his tesla stock to buy this, loaded with debt, doesn't throw off cash flow. if there was ever a company you say you predic

there is a clear national security issue at stake and cfius should do a review.ngton post" is reporting the treasury department is figuring out if it has legal authority to launch a prone. white house officials discussed a possibility of a national security review over the purchase. the fbi apparently looking into counterintelligence risks surrounding the deal this spring. "the washington post" reports that large foreign investors would have access to confidential information about twit arer's finances an possibly its users sparking major concerns, liz? elizabeth: thank you, hillary vaughn, great reporting. joining me from house oversight, ranking member james comer. congressman, it is good to see you again. what do you make of that report? >> i would be embarrassed if i were senator murphy or the biden administration considering look into this. if they want to investigate someone for being influenced by foreign investment they need to investigate the biden family. joe biden need to look in the mirror. the biden administration needs to worry about policing the so

she said it would be appropriate for cfius committee on foreign investment to take a look at the dealbelieves there are security risks associated with foreign investors. so is a backtrack from yellen. also today breaking a call between elon musk and an official from the european union in the last hour, hour 1/2. we're still waiting for headlines maybe on what was discussed there. we do know, certainly that musk has been, i guess you would say in attack mode this week going after apple and others as advertisers continue to cut spending on twitter. some, they have talked, musk has maintained when they do that, really what they're doing is attacking him politically. he says those attacks are coordinated by democrats. the advertisers talked about content moderation. outside of party leadership and independents like manchin, referring to the west virginia senator, they are essentially actors on the political stage, not directors or script writers. we spoke, you know, we've seen well-known republicans, ron desantis on the screen there, come out now start to defend musk, push back in the oth

you mentioned tiktok of course, that remains with cfius and some sort of structural outcome there remainsit's unclear exactly what the two sides could get out of this. president biden last week was asked whether he would accept any concessions to broker some broader peace deal in the taiwan straight he said there would be no concessions from the u.s so what sort of middle ground there possibly could be, we'll see if there's anything that they end up disclosing, andrew. >> okay, thank you we should mention in the next hour, we got "new york times" foreign affairs tom freedman, he's going to be joining us with his take on the meeting between president biden and president xi joe? >> coming up, developments over the weekend about ftx raising alarm bells. it's been a rough year for media stocks check out the performance of some of the big players since they hit 52-week highs we'll speak to endeavor's ceo, ari emanuel, about content >>> check out the futures right now. we are indicated down. less than triple digits all of a sudden down 64 on the dow we're comi rhtac ngig bk. the holiday season

there's a path forward for anything other than a ban the social media app is currently under review by cfius and by the department over a security deal. tiktok said, commissioner carr has no role in the confidential discussions with the u.s. government related to tiktok and appears to be expressing views independent of his role as an fcc commissioner is it a security concern for u.s. citizens? >> remember will rogers? >> the satirist? >> i never met a man or woman i didn't like. it take as what the average person -- >> i disagree with it. >> the anonymity, it brings out the absolute worst in human nature >> if you're verified forecast you have to pay the eight bucks and those people are promoted more, maybe you get rid of the bots. >> the argument is if you have paid users, a, they're no longer anonymous it gets rid of random people. >> what if you ran into some of these people on the street and they said to you what they say -- hey, sorkin -- i mean, think of the stuff you read there. what if people just walking around decided they were going to say that stuff to you what would society be l

it's a reverse cfius process it's when an an entity in the foreign country wants to buy something inat if you did that in the reverse. if a company in the u.s. wants to invest in china -- >> meaning you couldn't invest until you got permission to invest -- >> exactly exactly. exactly. so this has broad bipartisan support. sherrod brown out of ohio. the holdup has been, according to people i've spoken to on the hill is pat toomey senator from pennsylvania who is retired. we see that john fetterman is going to take his place. but simply him not being there could mean that we're going to see this legislation pass. so that would be significant it's going to be significant areas that the u.s. is concerned about related to national security if it were to pass. things like large capacity batteries, ai, quantum computing and, of course, semiconductors which has already received a lot of scrutiny from the biden administration the relationship with china has been pretty fraught for quite awhile we know that if kevin mccarthy is the speaker of the house that he has said he will travel to taiwan

the cfius report from april 12, 2021, indicated a 66% of terrorist plots and attacks in the united dates were committed by white supremacists, extremist militias, and other far right extremists. how does that compare to prior years? >> it is actually similar in many ways to the percentages from recent years. we continue to see the majority of violence, of domestic terrorism that is perpetrated by white supremacists and antigovernment militias. we do see in our data sets domestic terrorism perpetrated by anti-fascists and others, but the highest percentages continue to be those perpetrated by white supremacist. i should also add that the highest level of fertility's are also committed by those on the white supremacist side. >> thank you. how are disinformation, false narratives, and conspiracy theories used to recruit new members, and what can we do about that? >> thank you, congresswoman scanlan. one of the most important things we have to do is focus on prevention initiatives. we need to be making investments in education and ensuring that schools can teach inclusive history, not just t