that's definitely one of the options here it is notable the hiring of kevin mayer, very senior at disney, ran the streaming service in international division, responsible really for the launch of disney plus and his hiring i think really a statement that tiktok's u.s. operations are a u.s. company really intending to stake a claim there that they're willing to do whatever it takes to keep it operating here in the u.s. and also speaks to the huge growing popularity of the app. remarkable how fast it's grown. >> yep thank you. steve grasso, if microsoft said tomorrow that they're buying tiktok, would you like microsoft more or less >> i would like microsoft more but what was interesting was if facebook is under the scrutiny of d.c. then wouldn't microsoft start getting under the scrutiny of d.c. if they did this deal, as well? that's the first question i ask. so i'm not sure you want to be in that camp but i think this is a perfect deal because everything that microsoft has or the majority of what they have is business facing this is a totally different angle. who do i should be a buyer of

they hired a ceo away from disney, kevin mayer, to lead tiktok here in the u.s.round the world. that is really what they are trying to do. the question is, will it work? do users really care that it is really owned by a chinese company? not so far. but, will politicians actually put some teeth into their threats? romaine: we will see. careere and i's tiktok was just getting started. shelley banjo. let's get a quick check of the headlines. shares of walmart higher. the world's largest retailer will launch a service to compete with amazon prime. according to recode, that service will be called walmart plus and cost about $98 per year. underpaid -- had to pay the new york compliance regulator for compliance lapses. regulators say deutsche bank thought out jeffrey epstein as a customer after his conviction in florida for soliciting underage girls. a firm will get money from the u.s. government, operation warp speed, to develop its coronavirus vaccine. approved lysol for use against coronavirus, for surface disinfectant. novavax ceo and president discussed the science

i mean, we are watching a very, very capable rock star operator, formerly of disney, kevin mayer, whocourse was named the ceo very recently. i have no doubt he is anticipating every possible option here. this is only the beginning of tik tok and by the way, let's not forget that tik tok took at least some of the tik tokers, the people who are on it, took some credit for maybe some of the empty seats during president trump's rally in tulsa and there are some questions, among some people, that maybe it's sort of retaliation by banning them. i don't see it. my kids will have a fit. let's put it that way. charlie: i will say this about the ceo. you mentioned he's very capable, very well-known and liked on wall street. he knows what he's up against. he will pick the best option but ultimately, this comes down to the chinese. they have to make the call. i think they will make the best strategic option and if trump issues the nuclear weapon on this thing, the nuclear option, they have probably got to sell. liz: yeah. you saw me, i was like play the music. we still have another guest. we got

tiktok hired disney's kevin mayer to rebuild trust. tiktok was not immediately available for comment. >> what will our windows do without tiktok? that's a big deal. >>> a bay area company has caught the eye of the feds and that's not a good thing. the company said its products stop coronavirus. that sounds suspicious. let's bring in consumer investigator chris chmura. chris? >> the federal government has warned us all, because at this time there is no known prevention, treatment, or cure for covid-19. that takes us to revival hydration in san francisco. it sells vitamin infused iv drips for things like hangovers and jet lag resilience and cold and flu recovery. the federal trade commission says revival hydration also recently added coronavirus to its sales pitch, saying things like "keep corona out with our immunity treatment," and "stop the coronavirus and flatten the curve" with one of their products. the ftc sent the company a warning letter saying it was unlawfully advertising that certain products or services treat or prevent covi

they hired kevin mayer, an ex-disney ceo. they are quitting the hong kong market in light of recent events they're doing all they can they can be trusted. back to you. >> so, arjun, let's go through exactly -- i mean, first of all there is no exactly right now because this is all very much rhetoric on both sides we're talking about a scenario where you could theoretically ban a certain application that's very popular, at least these days, and growing quickly among u.s. user base what exactly then is the narrative around the u.s. employees or the u.s. people tied to tiktok with regard to the government's backlash there? how do they respond? >> reporter: yeah, it's a difficult situation because there's a lot of questions about this firstly, what is the legal basis for blocking services? how do they implement that in india tiktok has been banned. it could have a big impact tiktok in particular has grown its presence in the international markets and in particular in the u.s. the u.s. is one of the most popular markets along with

. >> it seems like kevin mayer saw that zuckerberg points to china as the enemy, the idea that the chinese government is controlling this alternate version of the internet and that facebook needs to be able to continue as it is, should not be pushed to spin off instagram and whatsapp because facebook supports the american values of free speech, et cetera so really interesting here to see these two ceos face off against each other we'll see if tiktok is forced to be spun off. jon? >> we'll see if this ends up being an argument about american surveillance versus chinese surveillance >>> still to come, early facebook and google investor roger mcnamee what he wants to hear at today'heing omhes arfr t big tech ceos. we're back in two. ♪ >>> welcome back, everybody i'm sue herrera. here is your cnbc news update at this hour. for a second-day in a row florida reporting record new deaths from covid-19 with 217 fatalities in just the last 24 hours. new cases also rose, though the number of hospitalizations fell. you can go to cnbc.com for more on the country's hot spots as the u.s. death toll appro

susan: well, tiktok's new american ceo, kevin mayer, just accused facebook of using patriotism as anfforts to build copycat apps that look exactly like tiktok. instagram reels it set to launch next month. facebook is reportedly offering hundreds of thousands of dollars to lure away some of tiktok's top influencers. tiktok has taken the world by storm, breaking records for app downloads in the first three months of this year and it has a younger user audience, social media that they covet including 70% of 10-year-old girls have it on their smartphones according to one researcher. that's a segment that you want. facebook also has a history of copying their competitors and their features including snap's disappearing posts and that really hurt snap user growth. tiktok is wary but the company also has other headaches to deal with including regulatory hurdles to clear and you heard president trump this morning saying he will look at a ban on tiktok in the u.s. now, in response to that, tiktok's ceo kevin mayer also says the company accepts that it must deal with even more scrutiny because

valuable startup in the world with $150 billion in fundraising, tiktok has hired away disney streaming kevin mayer ceo, it continues to say it has no links back to the chinese government despite its chinese ownership, tiktok is one of the most downloaded apps on the planet, downloaded over three to 50 million times in the first three months of this year end according to data, that broke a record in just one single bring in one point to billion downloads since its launch, wave officials in several countries that are citing concerns in terms of the volume of data that tiktok actually download, also working with the state defense department, you cannot download any -- or tiktok on any of the funds i can access e-mail, we had tiktok leaving hong kong and banded india after the were clashes with china, some celebrities have voiced their concerns of the data sweeps and that includes the highest paid gamer on the planet that makes up to $30 million each year since he was deleting tiktok offices devices and hopefully a less intrusive company data for me that is not owned by china can re-create the concept

tick-tock responded to pompeo by pointing to the company's new american ceo, former disney executive kevin mayer, saying we have never provided user data to the chinese government nor would we do so if asked. >> i want to go to dan nathan first. as i recall, dan, you had fast pitched twitter back in june, i believe. here we are. was this a part of the possibility? >> a week and a half ago no, not really listen, i think the subscription idea has been in the background for a while. there's a number of ways they could probably charge users. one of the points i wanted to make last week was their average revenue per user lags compared to facebook, $20 versus $30. these guys are going to have to figure out how to get that higher, how to get better margins, how to better monetize the users that they have i think from a sentiment standpoint which is good news even if it's just a rumor and it puts the company in a position where they might figure out some tricks there's a whole host of things there's buy buttons they've had in the past. there's a lot of things this company can do senator cotton, mike pom

not a public but by i come back to it often i know and it is connected to disney in part because kevin mayer run it, the man who ran direct to consumer at disney but did not get the top job at the company when iger stepped down as ceo. mike, you've got teenage girls, too, carl, soon, i mean, you know, i don't know about you, but tiktok what has gone on in this country during the pandemic particularly for that cohort has been incredible and if mike pompeo is thinking seriously about banning tiktok in the u.s. he will have a lot of teenage girls to deal with and it can get ugly quickly i kid about it in a way but i also mention it with seriousness, this is an important company in the midst of this political crisis going on in hong kong because of the chinese crackdown. pompeo saying they might move ahead with doing something like that he will be speaking at 10:00 this morning we will monitor that as well there are companies connected to this, even the likes of fastly, this content delivery company that is up 350%. i think tiktok is 10% of their business if that were to actually happen not woul