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frank mccourt is with us to keep the conversation going. founder of project liberty who just made a formal offer to acquire tiktok. you call it the people's bid. why is your consortium the right owners if bytedance says it will divest? frank: i think we are the right buyers because we have put all the pieces together. we have the funding. we have worked through all of the legal issues. we have a full offered front of bytedance. most importantly we have the clean american tech stack to move the user base over to and we do not need or want the chinese algorithm. the algorithm is something china is very beholden to and has said clearly they will not going to be selling it. we do not need it or want it. as a matter of fact we are the leading bidder right now. caroline: we are seeing share price reaction from rivals. from your reading of what is happening, doesn't look to be going in the way you like it to proceed? would you like to delay the proceedings to go forward with it? frank: we would like to buy u.s. tiktok. that is what we would like t

and you know this well, liz, but a z mccourt told you -- because mccourt told you they aren't trying the buy the algorithms, just tiktok's operations. >> president-elect trump wins because it's not banned, the tiktok user base win because it stays lit up, american citizens win because they're protected, and the u.s. investors in tiktok win because they get real money for u.s. tiktok. and i think bytedance will let it go without the ip. >> reporter: we'll see with just five days until tiktok potentially goes dark in the u.s. its users are flocking to a shanghai-based social media platform known as red note to toest the possible ban and show they don't care about ties to china. are red note, liz s the number one free app in the united states right now on both apple's app store and the google play store, so a lot of attention on that particular app as the tiktok ban goes closer: liz: folks, we're going to keep it in the far east because we have breaking news out of seoul, south korea. korean media reports authorities are investigating impeached president -- and this is a live picture at

suffice it to say i think your previous guest is from the mccourt school in georgetown and frank mccourtl was named as one of the big bidders for tiktok as well as kevin o'leary of shark tank. there is a line of people waiting to buy tiktok if only bytedance would pick up the phone and answer their calls. mike: what would bytedance need to demonstrate that there is a full and complete separation from china? rep. krishnamoorthi: there are very specific requirements within the law. one of the issues will be that the new buyer will not likely rely on the ccp algorithm. of course that there is real separation between the buyer and where they store the data of users and access from china. that was the whole problem with project texas, which was the effort by tiktok to try to convince both the biden and trump administration's than american user data was safe from authorities in china. repeatedly that was found to be untrue and repeatedly tiktok executives came to capitol hill and told falsehoods about the separation that did not exist. mike: we have seen that the odds grow that tiktok will go

dodgers owner frank mccourt, trying to buy tiktok. well, the chp is investigating a very serious highway crash in richmond. it involved four vehicles. it happened last night on westbound interstate 80 near cutting boulevard. investigators say at least one person was rushed to the hospital with major injuries. the chp is expected to give us more information about this crash later today. >> well, some people in southern california returned to their neighborhoods. many are finding just rubble where their homes used to be. entire neighborhoods across the los angeles area burned to the ground. the l.a. county department of public works is promising to help devastated homeowners clear and clean out their lots. cal fire says the palisades and eaton fires are among the most destructive in the state's history. >> i had a little cottage house gone. just everything is gone and all that's standing is the fireplace. every house on the block is gone except for one. you just have to be strong. have faith. it's just stuff. >> governor newsom signed a

investor kevin o'leary also known as mister wonderful, says that he is partnering with billionaire frank mccourt to buy tiktok the social media giant is facing a potential ban here in the u.s. of us not sold by its chinese based company bytedance january 19th. the larry says that they're going to need president elect trump's help to complete the purchase tiktok and bytedance will plead their case to the supreme court about walking the ban on friday. (vo) fargo is your virtual assistant from wells fargo. (woman) oh, come on! come on! (vo) fargo lets you do this: (woman) fargo, turn off my debit card! (woman) i found it! i found my card! (vo) and also, this: (woman) fargo, turn on my debit card. (vo) do you fargo? you can, with wells fargo. what else can fargo do? quickly tell you what you spend on things like food. (dad) fargo, what did i spend on groceries this month? (son) hey dad, can the guys stay for dinner? (dad) no... (vo) learn more at wellsfargo.com/getfargo. breaking news tonight. yet another fire has broken out in southern california. this one is up in the hollywood hills. we've been r

the project is an internet advocacy group that the late businessman frank mccourt founded. the group says if the deal happens, they plan to restructure the app to exist on an american owned platform. they also say they would prioritize users digital safety. now, no word on whether bytedance is seriously considering this proposal. tech billionaire elon musk is now backtracking on his federal budget, cutting predictions. president elect donald trump, as you know, appointed musk and vivek ramaswamy to lead a new advisory board dubbed the department of government efficiency, or doge. in october, musk declared a goal of cutting at least $2 trillion in spending from the federal budget. but on an interview on x yesterday, he said that that is probably an unlikely figure, saying that 1 trillion is a more realistic estimate. elon musk has also been busy stumping for another politician, this time in another country. musk held a live event on x today with alice weidel. she's a german leader. far right alternative for germany party known as the f afd. afd has largely been frozen out of

2 safeway por la calle redwood road y fruitvale avenue, además de otros negocios en la boulevard mccourte derechos. especialmente aquí en california. quién dijo esto? esto lo reiteró hoy el procurador del estado. a solo días de que el presidente electo, donald trump, tome posesión. y navarro tiene todos los detalles de lo que dijo immigrants are the backbone of our nation immigrants. los inmigrantes son la columna vertebral de nuestra nación. los inmigrantes hacen a américa grande. más de 11 millones de inmigrantes viven en california. una de las razones por las que, sesegún el procurador general rb bonta, este estado cuenta con diversidad y riqueza no solo cultural, sino que también lo vuelve una de las 5 potencias económicas a nivel mundial. hoy, en conferencia de prensa, enfatizó su compromiso con la comunidad inmigrante. a pesar de las amenazas del presidente electo sobre las detenciones masivas, arrestos y deportaciones. dijo Él se encargará de velar por ellos. y lo dijo en español como fiscal general de california. estoy aquí para ustedes. pueden estar seguros de que si trump ataca

there are buyers lining up as we speak to buy tiktok, including frank mccourt of liberty group, kevin, and bytedance just needs to pick up the phone.— pick up the phone. how satisfied _ pick up the phone. how satisfied are _ pick up the phone. how satisfied are you - pick up the phone. how satisfied are you that i pick up the phone. how satisfied are you that putting an app into the hands of a very rich person like we have seen with elon musk, we have seen some changes now made by mark zuckerberg, how confident are you that that will be a better situation than what we see now? they are within the reach of us law. the ccp is not within the reach of us law, and neither is bytedance. that is the critical difference. that is why almost 370 members of congress, on a bipartisan basis, acted the way they did because this is a unique national security threat. �* ., unique national security threat. ., ., threat. before i let you go, we know that _ threat. before i let you go, we know that 19 — threat. before i let you go, we know that 19 january _ threat. before i let you go, we know that 19 j

. >> i have joined with frank mccourt to buy tiktok and this is a very public it'd deal its a multibillione going to have to work with president trump. this is a bipartisan situation. we have to work initially with biden and we want to, then midday 12 '05 p.m. trump will be who we have to work with to close the deal. >> martha: can this be done, mike, successfully creates. >> absolutely and i think the kevin o'leary project liberty bid is a very serious one. i been impressed by what they've taken with the national security concerns i and others have reticulated seriously. it also negates one of tiktok's key arguments because they said well without access to the underlying algorithm the app is effectively worthless. but what many are proposing is we have access to the video content library there is a path forward where we can recreate the app even if the algorithm remains export controlled by the chinese come and his party. it's a very serious bid. they are approaching at the right way. my hope is that we achieve a defenceman going forward. >> martha: well thank you former congressman mike

kevin o'leary, who's also interested in buying the app alongside frank mccourt, says it is unlikely.no question about it, you know? he's a phenomenal entrepreneur. but the idea that the regulator even under trump's administration would allow this, pretty slim. >> reporter: i think o'leary said the same thing to you this morning. that was on "watters' world" last night if. tick tock has said a sale is -- tiktok has said a sale is not feasible, could go dark in this the sunday. the clock is ticking. stuart: there's going to be all kinds of wild headlines like musk might be buying tiktok. i think he's right. thanks very much, grady. see you again later. >>> the senate confirmation hearing for trump dependence secretary nominee pete hegseth is underway. good morning, ashley. what has happened so far? >> it has been a fascinating watch as this thing has gotten underway, stu. the 44-year-old army national guard veteran is certainly on the hot seat. hegseth served in the infantry and was deployed to iraq and afghanistan and guantanamo bay. during that time he was awarded two bronze stars an

joining us fox business billionaire project liberty founder frank mccourt junior. being here, first off give us a sense of what do you think will happen with the supreme court. >> i agree completely the supreme court was very sympathetic to the government's argument i think they will rule in favor of the government against bytedance in the legislation will be upheld. is not a matter if it's win spirit bytedance that were not selling. as they say there is a price for everything, what are you and kevin o'leary willing to do for bytedance. >> beat the key to buy u.s. tiktok without the algorithm. i think it is clear bytedance is not going to sell with algo algorithm. if they were to assume that every buyer would want the algorithm is not for sale and node deal can happen. we spent five years building in the on board the 70 million without the algorithm in any china ip. >> i'm dying to know how you and kevin o'leary mind melted your two very different people who made the call to him. >> kevin text me and say can we speak i want to talk to about tiktok and i called him

maria: and frank mccourt as well. miranda, always a pleasure. thanks so much. >> thank you.: all right. miranda devine. goldman sachs earnings crossed moments ago. let's get to cheryl with the numbers. so far it's good news, what do you want to tell us on goldman. >> a plea you blow out on gold. profits jumped up to 105% at goldman, earnings per share came in 11, 95, estimate was 822. talk about that jump. 13.87 billion on revenue and the estimate was 12.39 billion. revenues were 2 billion in this quarter a year ago, they declared a $3 per share dividend. they bought back 3.5 million shares. this stock is adding 80 points to the dow right now, maria. they're also talking about the outlook and it is bullish. based on the incoming administration change, m&a, deal making, trading, debt sales were strong for the quarter and investment banking fees up 24%. that stock gained 48% last year. can't wait to see what it's going to do today. maria: invotement banking was up so much in the fourth quarter. i wonder what 2025 looks like because you're getting rid of lena kahn at the ftc an

i had another agenda item, we announce that this morning, i have joined with frank mccourt to buy tiktoktibillion-dollar deal, we're good have to work with president trump, this is a bipartisan situation we have to work initially with joe biden and we want to and midday, 1 12:05, trump will be who we have to work with the close the deal in the months ahead to. wanted to let him know as well as others in his cabinet that we are doing this and we are going to need their help. >> martha: that's going to be a very interesting story to watch. i want to go back to that but i want to address the future in canada and this is a quick sound bite from a conservative leader in canada who some are calling the canadian trump, here is the response to justin trudeau stepping down today. >> while leaders liberals focus on saving their jobs and fighting each other for power, the country spirals out of control and out-of-control housing emergency, out-of-control migrant crisis, out of control $62 billion deficit, not to mention tariff threats from the united states. >> martha: what do you think the outlook

can't be expected to comment on pure fiction and we reached out for comment from tiktok on frank mccourt'sulling their kids out of youth sports. we will explain what's behind that emerging trend but first time for the daily snapshot, it today is more of a freeze- frame, this is a giant ice castle, part of the temporary art installation (vo) with wells fargo premier, a team can help you plan for your dreams. so your dream car, and vacation home, may be closer than you think. ready to meet the dream team? you can with wells fargo. (vo) with wells fargo premier, a team can help you plan for your dreams. so your dream car, and vacation home, may be closer than you think. ready to meet the dream team? you can with wells fargo. >>> we've talked about the benefi of youth sports on the show before. it's a great way to keep young people moving and helps their mental and social development but a recent survey finds three out of four parents are thinking about pulling their kids out of sports. joining us now is grace batista, she is editor in chief of parents magazine. i want to start with what to ke

alongside billionaire frank mccourt also says such a move would be unlikely to get regulatory approval musk already owns x. >> the speculation when there is a void of information is like a wildfire. it's just all i know and frank would say the same thing, we are in partnership we're the only syndicate that put a real in front of the shareholders and chinese government. >> with five days until tiktok potentially goes dark in the u.s., some of its users are floking to a shanghai based social media platform known as red note to protest the possible ban and show they don't care about ties to china it. is the number one free app. in the united states right now on apple's app. store and the google play store. u.s. supreme court could decide as soon as tomorrow whether the divester ban law is constitutional during oral arguments last week, the justices seemed skeptic of tiktok's opposition to that law signaling, bret, they may uphold it. we will see in five days' time. >> bret: grady, thanks. live team coverage on the fierce winds effecting the southern california wildfires right now. later w

i spoke to frank mccourt recently. he used to own the dodgers and he wants to buy tiktok.ld you change anything about the content on tiktok? because i'm going to say, sometimes when a billionaire buys a social network, he can screw it up. yeah, that's for sure. so that's why i don't want to. i say to people, this isn't about trusting me. this is about trusting themselves. people should should own their identity, control their identity, control their data, own their relationships, and decide how to permission its use and so on and so forth. now let me point out, you can want to buy tiktok all you want, but tiktok. bytedance doesn't need to sell it to you. so we'll see what happens today. there will be a decision very, very quickly. and then whether or not they sell or i mean, it depends on whether they lose e or not.ot happens today, right? exactly. big day. all right. thank you. scott. you bet. 517 for you right now. happening today, a landmark san francisco hotel will celebrate its historic landmark status. the ritz-carlton opened on nob hill in the early 1990s. the neo-c

investor kevin o'leary is partnering with billionaire and former owner of the la dodgers, frank mccourteffort to buy tiktok. a new app is gaining traction as some users and creators are preparing to jump ship if necessary. sister app to tiktok, called lemon eight, has a combination of short videos and similar visuals to instagram mashed up with pinterest. however, lemonade is also owned by chinese based bytedance and could be banned as well in the future. the app first launched in the us in 2023. >> there has been an outpouring of support for people in los angeles county. a number of bay area businesses are stepping up to help in any way they can. ktvu amanda quintana shows us some of the local fundraisers. >> sometimes when you see people struggling like that, the first instinct is just like, what can we do? >> bay area small businesses are finding ways to help the fire victims in l.a. blake hunter at hello bagels in berkeley added a special huevos rancheros bagel to his menu, with all proceeds from it going to feed the streets. l.a, a nonprofit getting food, water and hygiene products

implications of this shift, we're joined now by renee diresta, associate research professor at the mccourt public policy at georgetown university. thank you for being with us. renee: thanks for having me. geoff: why did meta initially put this fact checking program into place and was it effective? renee: so, it was launched in december 2016 in response to widespread criticism of fake news that had gone viral quite a bit during the presidential campaign. and the platform faced a lot of backlash in response. the fact checking initiative was launched as part of facebook's efforts to restore its brand, trust. it partnered with the third-party fact checking organizations that were certified by the international back-checking network. it went to existing organizations that were quite reputable. it worked to incorporate adding context. it came up with a moderation framework. remove, reduce and reform. reduce is when it is reduced in distribution. and the fact checking piece was a big part of informed, which try to add more information to the stories that were going viral or articles people were s

dodgers, frank mccourt, in an effort to buy tiktok. >> 856 now.ent biden is scheduled to hold another meeting in the oval office about the federal response to the l.a. fires. last week, the president announced that the federal government will pay for 100% of the cost of the disaster response for the next six months. president biden has also directed fema to immediately provide financial assistance to the thousands of people who have lost their homes and businesses in the firestorm. >> we want to make sure that they start that process by one. registering for assistance at disasterassistance.gov, but also contacting their insurance company because we'll need to know exactly what they are going to cover, but more importantly, not cover, so they can be eligible for different programs within our system. >> the latest damage estimates show the disaster is on track to become the most costly wildfire in u.s. history. >> there is an outpouring of support for fire survivors in southern california from across the country, and here at home, several bay area b

i spoke to frank mccourt recently. he used to own the dodgers. he wants to buy tiktok. would you change anything about the content on tiktok? because i'm going to sa, sometimes when a billionaire buys a social network, he can screw it up. yeah, that's for sure. so that's why i don't want to. i say to people, this isn't about trusting me. this is about trusting themselves. people should should own their identity, control their identi, control their data, own their relationships, and decide how to permission its use and so on and so forth. so we'll get a decision from the supreme court fairly quickly. if it decides against tiktok that doesn't force bytedance to sell. it doesn't. you know, the parent company doesn't have to sell to frank or anybody else. we'll just see what happens. i don't i usually i have a pretty good idea this time. not a clue. well, the supreme court hasn't ever covered anything like this before. not this specific. right? no, it's dealt with the issue of free speech and national security, but not this. yeah. interesting. we'll see what happens. all ri

right now there is an offer on the table from project liberty, which is a great group led by frank mccourt. we should give them time in order to negotiate, and then we can avoid the harm which is inflicted upon the small businesses. and again, i'm going to say this, especially those in california right now, tiktok is an integral part of the economy. people don't understand that. there's 220 000 jobs in our country that are related to tiktok. right now, 7 million businesses use it. let's let that continue. let's give them the time right now. while the negotiations continue. >> senator ed markey from the commonwealth of massachusetts, thank you so much for your time. >> kate coming up for us. we're going to take you live to capitol hill. you're looking at live pictures of the hearing room where the senate judiciary committee will soon be meeting and gathering as confirmation hearings are about to pick up for donald. some of donald trump's most important cabinet nominees. and also this to the moon. an overnight launch carrying a pair of lunar landers. it's very hard to say. lunar landings. >>

and frank mccourt buying tiktok? >> yes. frank and i have put this syndicate together. i've been working on this deal for two years. so is frank, just to clarify, the musk story? yes, that's 40 hours old. within 45 minutes after it broke, both the chinese government and bytedance, the chinese company called it fiction. and so let's just clear that up. and what we're waiting for on this deal. and trump knows this, and so does biden. we're waiting for the rendering of the justices from the friday hearing, which we were thinking would come today, might come tomorrow. the assumption is they will throw it back to the executive. that's biden. biden will then have to make a decision if there's a viable bid. and the only syndicate bid i know that's viable, that's been given by bankers to bytedance and the chinese government. and every american shareholder is frank and mine. nobody else has a syndicate bid, an actual offer, an actual written offer associated with the order from congress. they have it. it's papered. so biden will have to make a decision. you have a viable bidder.

ahead of today's hearing businessman frank mccourt, internet advocacy group project liberty announced that it has submitted a proposal to buy tiktok from bytedance the chinese parent. the proposal said it would restructure the app to exist on an american-owned platform and prioritize users' digital safety. terms of that offer, though, were not disclosed yet at this point. >>> and also the supreme court denying president-elect trump's emergency bid to halt his criminal sentencing in new york today. that sentencing is scheduled for this morning. trump was convicted on 34 felony counts of falsifying records to cover up a sex scandal. the judge has indicated that he will impose what he called an unconditional discharge which is a lenient alternative to jail or probation. trump plans to attend the hearing virtually. he had argued that being sentenced ten days before his inauguration would distract from the presidential transition. a five-justice majority in the supreme court found that the burden in their words is relatively insubstantial and noted that trump could still challenge his conv

kevin o'leary says he's teaming up with billionaire and former la dodgers owner frank mccourt, trying to buy tiktok. o'leary says they'll need the help of president elect donald trump to make that deal happen. tiktok faces a ban on january 19th if it is not sold by its chinese based parent company, bytedance. >> the ceo of nvidia launched a suite of new products on the first day of ces in las vegas. jensen huang was the keynote speaker at the annual celebration of the latest in tech. the ai chip maker unveiled a new desktop and laptop graphics processor units. huang said the new products, which uses its blackwell chip, will deliver breakthroughs in ai graphics as well. he also rolled out a $3,000 desktop supercomputer. >> this is nvidia's latest ai supercomputer. [applause] and it's fondly called project digits. this is an ai supercomputer. it runs the entire nvidia ai stack. >> tens of thousands of people attend the conference, which runs through friday, along with artificial intelligence. autonomous vehicle technology seems to be everywhere this year. >> all right. our time is 5.48.