now, can steve mnuchin rally enough american investment dollars? >> that is to >> be seen >> yeah. >> never mind the fact that >> what makes tiktok tiktok is the algorithms? yes, which are in china, owned by china. there the black box in china. and they won't leave china, which is part of the reason we have to take a break but that's part of the reason why national security experts are so worried about it because they don't know what is actually in those hours would also change tiktok dramatically without those, we could talk all day. a good platform that i've never been on up next, a secret life revealed the story behind jim magris v, the former new jersey governor and first openly gay governor in the us >> if you work in spaceflight, this is the worst possible thing i can ever help my dad died doing what he loved. >> space shuttle columbia, her final flight from your sunday, april 7 at nine the best advice i ever got was to invest with vanguard from my retirement. the second-best stay healthy enough to enjoy it it started preparing physically and

former treasury secretary steve mnuchin, just announced that he is putting together a bid to buy tiktok, which is obviously the app that faces an uncertain future here in the us, a lot of words here i'm sorry it comes 24 hours after the house passed a measure to ban the chinese-owned company or forced a sale to an american-based odor cnn's matt egan is with us now, look, this is crucial because if this ban gets through the senate and is signed by president biden, it would need to find a buyer or will go away. >> it would john, this is quite the plot twist in what is already an amazing story former president trump's treasury secretary, steve mnuchin just went on cnbc and announced that he is assembling a team of investors to buy tiktok. >> and this is notable. he appeared to break with the former president by coming out in favor of the legislation that just got through the house and faces an uncertain future in the senate he said, i'm just going to try to read you some of the comments he said he said that he continues to believe that tiktok should be sold. he says he thinks the legislati

steve mnuchin certainly says it is.bout what this means for the broader sector, much of the problems were determined to be pretty idiosyncratic. they are subject to tough new york rent laws and they had limited the revenue it can generate from its units and it financed offices in places where work from home has continued. it had a pair of particularly problematic loans at the heart of this issue so one of that argues against the case that worrying that this might be a more nationwide, systemic risk year. nonetheless, it did alarm people who have the sort of recent history of the original turmoil a year ago. it's not unfair to look at concerns surrounding your community banks weaker controls. -- may have fallen into that sort of similar issue. >> we have seen a lot of different leadership changes coming through at nyc be to try to -- nycb to try to tackle this. do we know about his capabilities in this sort of area? sally: the interesting thing is he and steve mnuchin has been in this situation before. steve mnuchin, he

former treasury secretary steve mnuchin says he's building an investor group to buy tiktok.s spoken to a bunch of people about buying the popular social media company. he didn't offer details about who may be in the group. tiktok faces an uncertain future in the us. the app uncertain future in the us. the app could be banned unless chinese owner bite —— bytedance says their stake. the case on didi is centred on the $4.4 billion they raised during their initial public offering in america. investors allege that didi concealed a chinese government order to postpone its listing until it resolved privacy concerns. shares tumbled after chinese�*s cyber security regulator banned them renewable energying new users. in the past hour, we have got a fresh snapshot of china's housing market. with new home prices falling by 1.4% in february, from the same period in 2023. that was the largest decline in more than a year. the real estate sector makes up a third of the chinese economy and has been in a severe state of crisis. but could there be some green shoots? 0ur of crisis. but could th

steve mnuchin shared he's evaluating a bid. and former active vision ceo's has looked at it.rino is reporting that oracle and microsoft has jumped in. they were in the mix the last time around. any player has to look at three criteria. can they afford it and will the u.s. government approve it. lawmakers have shared concerned around antitrust. >> i have too many concerns about concentration. i was glad to see donald trump's treasury secretary, steve mnuchin, put out word that he was trying to put together a group of investors. >> so sandra, lots of folks in the mix, this is all hypothetical. the senate has not passed it. back to you. >> sandra: thanks, kelly. we're going to take a quick break. we'll be right back. someone made it a thing, back in the day. but where did it come from? ancestry can help you find out. lucky you, it's on sale now. there's nothing better than a subway series footlong. except when you add a new footlong sidekick. like the ultimate bmt with the new footlong pretzel. nothing like a sidekick that steps up in crunch time. [laughing] not cool man. every

former treasury secretary steve mnuchin has come forward as a potential buyer for tiktok. here is what he told "squawk box" this morning. >> i think it should be solved. i understand the technology. it's a great business. i'm going to put together a group to buy tiktok. >> you're trying to buy tiktok? >> i am. it should be owned by a u.s. business, there's no way the chinese would let a u.s. company own something like this in china. >> tiktok is not the only technology company that poses a potential threat to the elections. a.i. generated images and audio continue to misinform voters. joining us to discuss tech's impact on politics and the intersection of the two is heidi heitkamp and a cnbc contributor and the ceo of a.i. art company. welcome to you both. senator, let me begin by asking you why the urgency all of a sudden to ban or force the divestiture of tiktok from its chinese parent bytedance? >> this is complete speculation on my part, but i think that the warning came through the intel committee saying, look, you now have a direct pipeline to over half of americans

number one, steve mnuchin is no dummy. let me leave it there. he just put a billion dollars in -- not him personally, but with a consortium in investors, and, frankly, is he no dummy, fdic, treasury and the fed knows this bank has to survive so that future trouble in the banking system doesn't come home to roost on the fed's balance sheet. what i mean by that is they can't let mergers like what new york community bank did a year ago go under, and they can't let white knights come in and get blown out, which is what they can't let steve mnuchin happen. there's an ephemeral aspect on top of the rationalization but, folks, it's speculative. >> highs of the day there. does it bother you at all that that stock, as i see it now, let's call it $3.50, looks, to me, to be below where it was when the news hit that mr. mnuchin and co. were coming in doing what they did and what that might suggest about the fundamentals of this business moving forward? the stock obviously got a huge lift the moment that news broke, and it was a handful of days ago. we were

steve mnuchin was trump's treasury secretary, became very wealthy by taking over a failed savings andand then enforcing the most trivial rules to force people out of their houses so he could get the value of their houses. as treasury secretary, he used government money so he could fly a jet -- these are people who have no regard, amy, for the public interest. they have no sense of sacrifice. they just look at government ago, wow, how rich can i get off of manipulating the government? juan: david, your take on the significance of the most likely first trial now, criminal trial being on the hush money case in new york? >> the judge has made it clear he is fed up with the game plan by trump's lawyers. they put themselves in the position of seven who murders their parents and then pleads for mercy because they are important. they caused -- they were the ones who chose to wait until the last minute to seek certain documents. not from the state prosecutors, but federal prosecutors. the case against donald trump in this matter is extraordinarily strong in large part because michael cohen, do

people say steve mnuchins would bring americans to it.know where he was and who started his billion and a half dollar hedge fund. that was from the people in the gulf. once you try to track down where all the foreign money is in that world, it's not that easy. in any case, wouldn't it in affect be a ban? the chairman certainly got on tiktok last night and said it would be a ban. >> it would be a sale. it's not the first company that would have to sell its parent company. grinder is another social media company that had to sell, had chinese ownership. it's not unprecedented. most of us -- i'm a candidate, as you said, for senate. most want tiktok to be available. you don't think i have nieces and nephews and staff who are on it? i don't want to ban it. i don't want the chinese government controlling the data. i'm a former cia officer and pentagon official. i don't want them having facial recognition information on everyone who is going to be in our military or the intelligence community. i don't want them to send push messages of propagand

i am extremely enthusiastic about the development of who is investing, it is steve mnuchin, reverendrtin berlinski, citadel, those are really heavy hitters that can actually affect change at a company, and i think those guys can change the narrative. and the board is impressive, the new ceo is impressive. i like that they are keeping alessandro dinello along, he knows everything at the company at this point. so, i think they are on the mend. on what magnitude that means, i don't know. >> we will leave it there. i appreciate your time, jenny, thank you so very much. >>> up next, we are tracking the biggest movers into the close. we are back with kristina partsinevelos for that. >> we have lower prices helping one e-commerce platform and rv dealers are feeling the pinch from higher interest rates. those stock movers are next. at morgan stanley, old school hard work meets bold new thinking. to help you see untapped possibilities and relentlessly work with you to make them real. the future is not just going to happen. you have to make it. and if you want a successful business, all it tak

. >>> former treasury secretary steve mnuchin says he is putting together a group of investors to buyter the house passed a bill that would ban the social media app in the u.s. if it doesn't separate from its china-based owner. no details on what is part of mnuchin's group or how much tiktok is worth. >>> ride share apps lyft and uber are threatening to leave minneapolis. it's in response to a recent move by the city council forcing them to pay drivers the equivalent of a local minimum wage of $15.57 an hour. lyft says it supports a minimum earnings standard for drivers but not this one, arguing the requirement would make rides less affordable for customers. the law is expected to take effect on may 1st. >>> and starbucks is in hot water over what it charges for dairy-free options. a lawsuit now accuses the coffee giant of discriminating against people with lactose allergies by charging them an extra fee for plant-based milk alternatives. the surcharges range from 50 to 80 cents for options like soy, almond, or oat milk. >>> that's your "money watch" report for this friday morning. i'

the treasury secretary steve mnuchin said he is gather a group of investors to try to purchase the app saying , it is a great business. the bill to ban the app now heads to the u.s. senate , after the house overwhelmingly voted it through yesterday. it will require the popular up to ties with china-based parent company bytedance, or else. tiktok us to make the decision within six . >>> content creators is speaking out in hopes that lawmakers hear their frustrations. streaming at 9:30 from the local creator about the uncertain future of tiktok. >>> it is pi day. next we had to san francisco. the city with a special connection to the mathematical celebration . >>> the bay area concert calendar brought to you by live nation. >> music legends are taking the stage in the bay area. performing his greatest hits. >> the lead vocalist for the gap in, charlie wilson bringing his party train to the oakland arena april 27th what makes a medicare supplement insurance plan, like an aarp medicare supplement insurance plan from unitedhealthcare a good choice for people on medicare? it's smart for you

steve mnuchin is trying to rises reputation. it raises a lot of questions. out is he trying to deal with rent control buildings? any investment you cannot pass along to the renters. how do you extract value after years and years of becoming having more punitive practices. jonathan: we talk about monetary policy? the doors are wide open to strike a hawkish tone. data has been strong to start 2024. data he did not have in the last fed meeting at the news conference in january. how much signal is in that? lisa: he is not concerned about financial conditions. that is what the message is. it is signaling you can keep going. jonathan: the drip feed of labor market data continues. jobless claims in two hours and 30 minutes before payrolls friday. equity futures shipping up as follows. positive .2%. yields going nowhere on the 10 year. in the fx market, ecb decision later. the euro treading water. coming up this hour, sharon bell of goldman sachs. mohammed younis of gallup and dan ives of wedbush as tesla and apple look less magnificent. chariman powell giving a boo

community bank is getting the money from a group of investors led by former treasury secretary steve mnuchin has suffered massive losses in the commercial real estate market, fueling concerns about other regional lenders in the wake of last year's collapse of silicon valley bank, we turn now to pennsylvania and a shocking attack in a woman's backyard. >> it was just so fast. she was so aggressive. she was all over me. >> leanne galante is recalling the moment a black bear attacked her in her backyard north of pittsburgh. >> she had me down and she put my arm. she was on top of me. i thought, you know, i thought she had just let her dog smokey out tuesday night. >> having no idea that a female bear was lurking in the dark until she saw bear cubs in her neighbor's tree. there were three of them. >> if you were to see that big. those bears were in that tree. and how big she was, she just kept coming. but i didn't want her to eat my baby. and if she would have taken one bite, he would be dead somehow. >> the mama bear got distracted, and galante got herself and her dog back inside. >> i thought,

also coming up: eyeing up tiktok — former us treasury secretary steve mnuchin says he's planning to buylut of wine. and — styling it: what's it like to be the most powerful person in uk fashion? we meet chioma nnadi, the new editor of british vogue — and the first black woman to get thejob. hello, and welcome to our look at the business news. i'm lukwesa burak. we start in the us, where shares of industrial

>> still ahead, new money, new management, steve mnuchin stepping in with a group of investors and aillion-dollar lifeline for new york community bank. see what he has to say about the company's future. closing bell will be right back. hey, is this thing hard to learn? nah, it's easy. huh. you know, i think i'm going to ride it home. good thing you chose u.s. bank to manage and grow your money. with our 24/7 support at least you're not taking chances with your finances. yeah, i think i'm gonna need a chair. oh, ohhhh. fresh, warm hot dogs! when i'm not selling hot dogs, i invest in a fund that advances innovations like robotics. fresh, warm hot dogs, straight out of my torso! one for you, one for you. oh, you're a messy one. cool, right? so cool. anyone can become an agent of innovation with invesco qqq, a fund that gives you access to nasdaq-100 innovations. hot dogs! fresh, warm hot dogs! before investing carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com. trading at schwab is now powered by ameritrade, giving trad

former us treasury secretary steve mnuchin says he's planning to buy the firm from its chinese owners if congress forces a sale. plus: too much of a good thing — why falling global demand, and tensions with china, have left australia's growers with a glut of wine. and — styling it: what's it like to be the most powerful person in uk fashion? we meet chioma nnadi, the new editor of british vogue — and the first black woman to get thejob. hello, and welcome to our look at the business news. i'm lukwesa burak. we start in the us, where shares of industrial giant us steel have fallen sharply, after president biden weighed in to oppose a near $15 billion takeover of the firm by a japanese company. us steel is based in pittsburgh, pennsylvania — a key battleground in this year's election. the takeover deal, agreed in december, has caused major controversy there. but any move to block it could raise tensions with japan — a vital ally for the us — as it tries to counter the growing power of china. from new york, erin delmore reports. president biden is taking a stand against a deal in the mak

hank paulson, steve mnuchin, will we continue to have goldman sachs represented in the treasury secretaryl: -- saleha: there is this theory about government sacs, they promote -- produce the most. you can look to mario draghi and malcolm turnbull in australia respectively. there is pushback and that's led from elizabeth warren and the liberal wing of the democratic party saying we need to watch this revolving door and what that does in terms of groupthink and making sure there are a wide variety of ideologies that are brought to the treasury department. david: the treasury sectors of the stars in one sense. in another sense the stars the u.s. dollar itself. its strengths and sometimes it's not so strengths. has that will roll of the u.s. dollar evolved over time reporting. >> the role of the u.s. dollar has changed a lot. if you want to look at one point in time where overnight the dollar was the focal point without people necessary realizing it and it shifted historically i would say 9/11. the global war on terror the george w. bush launched did not start with military boots on the groun

if there's a give up of that apps, microsoft comes back to the table, steve mnuchin is talking aboutanything by anybody who has been in the nexus of government and finance, that is the man for all deals. blackstone is the big private equity firm that has ties in china and tiktok, bike dance, that is where we are. they will probably not give that up. what happens? the thing is likely to be voted, the senate is likely to vote along the lines of the house. the senate is controlled by the democrats. trump's attempts to save the deal, to argue this thing on libertarian and first amendment grounds, he is saying they shouldn't man tiktok. he's being attacked by his own people. steve bannon is out there attacking donald trump right now. remember him, perpetually unkempt political advisor steve bannon. so what happens? my guess, it gets voted on by of the senate, looks like they will say this is my guess, vote demand, biden signs it, probably a litigation phase and that is where the sticks around tomorrow. hopefully they get a judge somewhere to stage legislation or the enactment of this thin

new york kmucommunity bank on the rise this morning after closing the capital infusion deal by steve mnuchin. it will have a one for three share stock. frank. >>> we have a market flash of amd. it tumbled yesterday after the negative headlines in the a.i. space. speaking with jon fortt yesterday, the tone of a.i. was at issue for lisa su. >> the truth is a.i. is still in its infancy. we know it will get better. we know you can make the models better. we know you can make this inference faster. we know we can make it accessible. i do see a place where we will see tremendous growth over the next three or four years. >> su added she is excited in trying to get the user experience to a point where everybody has a.i. somewhere in their lives. look at shares of amd. up .75%. >>> coming up, a big test for arm shares today up nearly 150% since going public last fall. my next guest says you may want to think before the lock-up expires. >>> and we start off with the bond king betting on a different asset. stamps. bill gross is selling his decades old stamp collection at auction. a 1 cent stamp from 18

steve mnuchin is looking to buy the app with an investor group. >>> and fresh chips act funding withlion project in taylor, texas. the white house is also looking to extend funds in the form of grants and loans from the chips acts to intel. the announcement is coming as soon as next week. >>> and boeing 787 plunge on the flight to new zealand this week was likely due to a user error. officials believe a flight attendant hit a switch on the pilot's seat pushing the pilot into the controls and on to the plane's nose. >>> investors sounding off over kevin plank as under armour's ceo. >>> stocks are fighting to close the week with a marginal gain digging into the markets right now and what the options market are saying, let's bring in amy wu silverman. thank you for joining us on this friday morning. let's talk about if this is a big deal or big day for markets given it is the middle friday in the month of march. could that witching happen this afternoon be a real catalyst for trading today? >> good morning, dom. not only is it options expiration today, but the ides of march which signal

the deal includes a leadership shakeup with former treasury secretary steve mnuchin as one of three formeroard members. >>> and trial news from novo nordisk has sent shares higher in pre-market trade weighing on drugmaker eli lilly. eli lilly going down 1.4%. novo nordisk u.s. listing up 4%. >>> here is a quick look at the markets before we head over to "worldwide exchange." of course, european markets are down as you can tell. .30% lost from the ftse 100 after the budget announcement from jeremy hunt. most sectors are trading in the red with the autos and retail stocks which are lower. insurance is managing to see gains. all eyes will be on the ecb which meets amid falling inflation and what looks like a slight recovery in economic activity. the anticipation is for the ecb to hold rates at 4% today, but a june rate cut is indeed currently priced in. you have the likes of teleperformance moving down as well as hugo boss. to thecurrency picture. yen moving higher due to the negative interest rates announcement. we see that 104 with that weakness. and the bets of the u.s. rate cuts could com

a vote of confidence that will probably investors, a number of big firms were in on this deal, steve mnuchinith more board seat and the ceo spot with stock up 7.5%. it pared back the gains. if you zoom out, it is under pressure it is down 64% and the biggest question, exposure to commercial real estate industry, close to those loans coming due this year, you have to refinance in a high rate environment based on what powell was saying, and some regionals with greater exposure than others. valley bank has 55% of their loan portfolio, some have less than 20%. the other side of this -- >> deposits are very sticky, they don't run. it has perfect records but uninsured deposits can be unstable. uninsured depositors won't be sure if you had another failure. you will see this flight of deposits again. it's really distressing. >> the good news is 87% of their deposits are insured. that means 15 billion of those could see some flight. we see how quickly the psychological element can impact other things. one note that came out today, they have lower percentage of uninsured deposits versus their peers so

larry: my friend steve mnuchin wants to buy tiktok. it has been valued i have seen numbers. who knows, what do you think it is worth. are you working on a syndicate. >> i am, he is and others, i would argue this will be a competition but not worth a hundred billion, chinese are unlikely to sell algorithm. you have brand tiktok. great brand, 170 million eye balls, and 5 million businesses, my shark tank guys in there. and 85 percent of people on tiktok know who i am, i think news a stewart to tell them, i'll guarantee, if i buy this asset, the day i switch over, i will turn tiktok china into tiktok usa. i'll bring in an american team, shut down the chinese backdoors, i have tiktok on a bunker phone. larry: shutting down backdoors is algorithm issue. >> i think -- >> will bytedance sell it. >> they will sell it just the name and database sitting on o servers, the brand, it is worth 3 30 billion it is a fire sale without algorithm. >> will they sell the algorithm. >> i don't think so, i will take a different tack, a great team to rewrite them, but i need it reflected in value,

well, now, steve mnuchin, who was the treasury secretary when donald trump was president, says he is s and i think tiktok should be sold. it's a great business and i'm going to put together a group to buy it. >> on this vote, the yeas are 352, the nays are 65. >> now, this comes after a day, just a day after members of both parties, republicans and democrats in the house, approved the bill to force tiktok to sell or face being banned. lawmakers say tiktok's parent company, bytedance, is too close to the chinese government and fear that the app could be used to spy on users. social media influencers living in theúbay area, though, say banning the app would cause them financial harm because they make money off of tiktok's ads and rely on it for their livelihood. >> i had one viral. i think peoe the authenticity of tiktok. >> andrew de los a professional social media content creator. the city of oakland hired him to promote restaurant week, which starts today. he charges up to $2,000 for a 60 to 90 second video. >> i came from san francisco to preview a couple spots for oakland restauran

. >> of course we did have steve mnuchin on the show last week. and, the u.s.arket is bottoming out, expects to invest more this year. won't be v shaped. >> important to note that ken griffin was a coexist investor alongside steve mnuchin. in terms of rent stabilize, one of the key issues of new york community bank we'll be inside a rent stabilized apartment tomorrow and be broadcasting to explain what we've seen to be a 70% decline in valuations for these buildings due to a 2019 law that changed the amount that these landlords can charge for rent. therefore there's a massive trickle down effect in the bank corp. and east coast specific banks with exposure to this area. it was once seen as a very, very safe bet in terms of lending counter part and has deteriorated. >> until the progressive legislature in the state. >> changed it. >> yes not allowing landlords to do upgrades and things like that and therefore not raising rents. many buildings may suffer as a result because tay'rhey're not putting money into it. >> we'll show you what it looks like when someone m

steve mnuchin on a network this morning. and he said, he is trying to put a group together to buy it he said a national security risk. with bytedance ownership, okay, then. he said it should be a u.s. business owned business. what is wrong with that. >> that is right. no one said okay. . in our country, we should not allow russia, china or north korea or iran, the parade of enemies again america, to control our news outlets. you know, would not be allowed to buy cbs or nbc but they can put tiktok in and dominate our news feed and shape what we see and learn that makes no sense. >> do you think that ccp would let fox news or another company go in. >> >> facebook is not allowed and gram instagram or snapchat, a communist country has different rules, there is warfare, you get hit with bombs could then right now. subtlety china is doing what they can to weaken us and circle our divisions, whether something in ethnicity or trans-situation or we're looking at -- >> bad information to kids. >> right. larry: getting them depressed.

todd:a big name is former treasury secretary steve mnuchin put together group to purchase tiktok, this comes after the house voted to approve a bill that would ban tiktok if it's chinese owner, by gdansk, does not the vest itself. nugent has been part of the trump administration, could be valued at $100 billion, china said it would oppose a forced sale of tiktok. venture-capital chairman kevin o'leary has expressed interest in buying the platform. he will join you later this hour to see how serious he really is. you going to person? stuart: i shall indeed. the tsa expanding facial recognition technology to 30 airports, critics are worried this technology will store and protect your biometrics properly, gerri willis has that report coming up. kamala harris asked what she does every day as vice president, she struggled to come up with an answer. >> how do you spend your time? what you do? >> in terms of the work, by now, i've count on 150 world leaders. lauren: 20 stuart: we will play the full tape after this. ♪ trading at schwab is now powered by ameritrade, unlocking the power of think

neil: steve mnuchin is orchestrating this. charles: with microsoft.ee has allowed the saudis to have a say in tiktok. neil: thank you. charles: he hasn't returned a call. neil: doesn't like you. charles: that is a guarantee. neil: have a wonderful st. patrick's day. charles: saint patrick was italian. he was italian. i had an irish friend whose father said, he said to me, and italian snakes out of anywhere. neil: thank you. charlie gasparino on that. count for sure will rescue us from all of that next. ♪ we're talking about cashbackin. we're talking about cashbackin. we're not talking about practice? no. we're talking about cashbackin. we're talking about cashbackin. we're talking about cashbackin. not a game! we've been talking about practice for too long. -word. -no practice. we're talking about cashbackin. we're talking about cashbackin. i mean, we're not talking about a game! cashback like a pro with chase freedom unlimited. how do you cashback? chase. make more of what's yours. adam: i wonder what kenneth fisher does for of st. patrick's day. des

just to give some context on the deal, it was led by steve mnuchin. there you go. the stock is up.four board seats and ceo spot. the conference call they had this morning showed the deposits were 80% insured so they will be addressing the material weakness that was revealed last week and stock is up 11% right now. they have been under pressure from months. it down 60% year today. some of these charges are unique, the exposure to the commercial real estate industry is hitting the regional banking sector as a whole, $929 billion coming due this year. if you have to refinance in a rate environment there remains high, that could be tough, regionals are already overpaying for deposits to keep customers from big banks, there's not much wiggle room there. the question becomes will customers feel comfortable or do they move their deposits? we saw last year how quickly that psychological element causes contagion across the sector. listen to this. >> the mass majority of banks are well-run and healthy but depositors won't be sure if you give them of other day to enter deposit exposure, you w

oracle, microsoft, steve mnuchin, the former treasury secretary. we'll talk about him in a minute.and to sell the algorithm which is the spyware and the secret sauce of the platform which is, you know, getting people to -- getting your likes, and they know what you want to look at. so that's a very complicated thing. i don't think the chinese are going to go for that even if this thing does get signed. so this is kind of a mess. a likelihood is at some point thing is going to be banned. that's my view. wall street is looking differently. then again, wall street is all about, you know, they looked at this from a different lens. they probably look at this as, you know, a tech company that is, you know, vested heavily, has american wall street back even though it is owned by the chinese. susquehanna's in it, general atlantic is in it and many others. so they're looking at this thing as being low odds being spun if out, and if they do, there's going to be people lining up. one thing about my knew chin, the former treasury secretary -- mnuchin, he's known to raise money from middle east

. >> steve mnuchin earlier today said he is trying to put a group together to buy it.ou buy that? >> i think that's a great idea. one of the best things that can happen here is tiktok gets sold. there be a firewall between tiktok and beijing. the whole problem is beijing's access to our penal information through tiktok. that's the national security threat. >> bill: senator, thank you for your time. josh hawley, republican from missouri. >> dana: chuck schumer the majority leader of the democrats in the senate giving a speech right now on the floor. not about tiktok. that is a thorny issue he has to decide on as senator hawley was talking about. this is about israel and hamas and the war in particular the and he is really going after netanyahu, the leader of israel and that follows tom friedman in the "new york times" today saying netanyahu is making israel radioactive. i hope the commentary magazine comcast was recorded. i want their take. the biden administration saying the israelis don't support netanyahu. that is not supported by the war cabinet or on the ground. we

here is steve mnuchin. i will put together a group to buy tiktok. this should be owned by u.s.a u.s. company own in china. >> have you put a group together? >> i'm working on it, i've spoken to a bunch of people. >> steve: we've spoken to a lot of people, too. i'm sure you have and one concern about tiktok is first amendment thing. if you have 170 million americans and a lot of young people get information from tiktok, that could be a one a problem. >> yes. and look. it is importance we're clear about this. putting together the money to buy tiktok is not the problem, the issue is if communist party of china will sell it. tiktok is owned by chinese company bite dance and communist party of china controls bite dance. you can buy tiktok and it won't make a different if bite dance still controls. algorithm. this is not as simple as appears. tiktok is not the problem, communist party of china is the problem and i don't think they are willing to sell. >> steve: i think you are right. see what happens with mr. schumer. senator, thank you for joining us live. >> thanks, steve. >> steve

investors like steve mnuchin but also large tech companies like microsoft or alphabet getting into social media. i think gaining a very popular app. that could be a huge boom to a u.s. company there. on the other hand, of course, if we set off a geopolitical skirmish, that create some vulnerabilities for companies like tesla, apple, nike, starbucks, that rely on the chinese market as a decent size and share of their revenue. >> reporter: you think that exacerbates the investing tension at all that we are seeing? that is already between the united states and china over chips and tariffs and other things we have seen unfold in say the last six to eight years. >> yeah. it certainly does not encourage it as we want to ban this. but, again, a double-edged sword in terms of positioning. right? you have 60% of adults using the app. and, yet, it does pose a security risk. >> reporter: when you look at the potential for a group of investors to go in and buy this, you heard emily say that largely on capitol hill and maybe on wall street too there is a discounting of the chance for meta or x or mayb

the injunction was led by liberty strategic capital, company of steve mnuchin.ll join the board. u.s. crash investigators have accused boeing of failing to cooperate into an inquiry about a mid air blowout. the ntsb chair says it is absurd boeing has not provided all the information sought by investigators. boeing says it is doing everything it can to assist the inquiry into the alaska airlines incident. we have learned paramount global is in talks to sell stakes in an indian joint venture. sources say stocks and viacom are ongoing and might not result in a deal. a sale could raise as much as $550 million. annabelle: popular weight loss and diabetes drugs are getting caught up in a bid by u.s. lawmakers to reduce the country's reliance on chinese biotech companies. there is an act under discussion in the u.s. congress. the senate met overnight on it. what was the result of the meeting and what is the significance of that bill to the chinese biotech industry? >> there were a lot of positive scenarios to the senate meeting overnight and in the past many said that

i was really glad to see, you know, donald trump's treasury secretary, steve mnuchin put out word thatstors that could potentially buy this application. he would be great. he was one of the guys that first educated me on this issue. i know have said this -- i don't say this often even on fox. but donald trump was right years ago saying it was a national security threat. he changed his tune now, but his initial indication on this as a national security threat was right. it would be great if a group of investors were to buy this. so the service could still be extended. people would see the crazy and fun videos. but ultimately it would be with american or european or somebody other than chinese ownership. >> neil: it doesn't quite cut black and white, right, senator. you mention donald trump changing his mind on it and we don't get rid of it for the time being. it's a hot political issue or could be. 170 million americans use it. they're young. they don't want it to go away. they might get ticked off and take it out on politicians who do push to have it go away. >> i hear you. that's why

steve mnuchin, kevin o'leary and a former ceo and someone i don't know from rumble. there is a potential buyer. would that be a good solution for everybody so it's sold off and everybody keeps using the app? >> a good solution. tiktok right now is a flags nall security threat because it's under the control of the chinese communist party. that's the threat component of it when we have 170 million americans whose information is under that same control. so they can use it to spy on us. you know how people get very mad when we hear of a spy balloon or from us in the west where you see china is buying farmland and ranchland near military installations. this much worse. i met with the ceo of last week in washington i said look. the problem is not tiktok itself. the problem of the ownership. if we can find a group like we have here i think it would make the solution better. continue with tiktok but not controlled by the chinese communist party. >> we'll see how it goes. nice to see you in person. we want to express to you our profound gratitude for the loss of your -- sorry

steve mnuchin says he has spoken to potential co-investors about buying tiktok. the former u.s.reasury secretary made the comment to cnbc but declined to give specifics. he runs a private investment firm that counts saudi arabia among backers. tiktok's u.s. business would be worth up to $40 billion. >> i think the legislation should pass and i think it should be sold. i understand the technology, it is a great business, and i am putting together a group to buy tiktok. they should be owned by u.s. businesses. there is no way the chinese would ever let a u.s. company owned something like this in china. haidi: we have breaking news when it comes to samsung and the chips act grant it is potentially going to receive. the u.s. is planning to award more than $6 billion to samsung electronics to help them expand beyond a project in texas they have already announced. this is under the chips act grant and awards are expected also for samson and tsmc and intel put the money would be one of the major awards from the commerce department. it is expected to announce that in the coming weeks. w

my friend steve mnuchin, former treasury secretary, wants to buy it.al security threat owned by bytedance, and he believes it should become an american business-owned company. what do you think? >> well, i think there's two things people are getting confused between the platform itself and the algorithm. temperature there's some folk, you know, now democrats want to ban the platform, they want to make it go away. i'm sure that's a because, you know, biden's poll numbers are dropping with the youth. and a lot of the youth are turning off on joe biden, and he knows that they're getting their news -- it's a news platform. so he wants to ban a news platform that's saying things that he doesn't like? if we want to start regulating social media companies, we should be regulating all of them and making sure that we're in, we've got free and fair speech going across all of them as opposed to picking the one that he doesn't like. as far as national security, president trump, you know, he helped take care of this when he was in office. no one's been tougher on c

i strongly thing that the steve mnuchin put, what i'm saying is this stock can go lower before it realizesuchin's exit price is going to be. i don't want to be sitting at this at $2.60 when i bought it at $3.40 i have a lot of things working i don't need to be worried about new york community bank and when it's full value will be realized >> and you sold greenbrier, which to my recollection, you had been in for a long period of time i remember you talking about it for a long time. >> in and out of this. if you look at the long-term chart, the stock cycles between $25 and $50. i'm trying to raise a little cash here. if apple goes down, i want to have some dry powder or add to some of the things like amazon that i just bought i hate that thing where the market goes down and then you're sell thing and buying something else that doesn't feel good so i wanted to raise some cash if the market goes down, greenbrier is likely to go down. it's a beautiful industrial, bending metal into rail cars but i do cycle in and out of this it's my inma cyclical play >> "final trades" after this quick break. m

former trump treasury secretary steve mnuchin has announced he's organizing a group of investors to buyt comes after the house voted to ban the video-sharing app in the u.s. unless it cuts ties with its chinese-owned parent company. mnuchin did not say who might be in the investor group. in japan, a high court ruled that denying same-sex marriage is unconstitutional. the court has no power to overturn existing laws that restrict marriage. instead, it urged the government to do so. crowds in tokyo cheered and hailed the decision as a step toward equality. but, plaintiffs in the court case called the ruling only a partial victory. fujii: i still think that we are so far behind other countries, we can't really be compared to them. it feels like japan is the only country that's not changing. even though our society is really changing, japan alone has not changed at all. i am boiling with anger. stephanie: japan is the only member of the g-7 industrial democracies that does not have legal protections for same-sex unions. the elon musk company spacex reached a kind of milestone today with the

larry: my friend steve mnuchin want to value tiktok. i seen numbers, 100 mr. dollars.ow much is it worth are you working on a syndicate to buy tiktok. >> i am and others. this is competition not worth 100 billion. china niece will not sell you the algorithm. you have the brand tiktok, great brand. you have 170 million eyeballs. five million businesses those are my "shark tank" guys in their 20s, 30s, 40s. 85% of people on tiktok know who i am. i think you need a steward to tell them a simple message. i will guarranty you if i buy this asset the day switch over i will turn tiktok china, into tiktok usa i will bring in an american team. i will shut down the chinese backdoors. i have tiktok on a burner phone. larry: shutting down the backdoor is an algorithm issue. will bytedance sell it and can you take over the algorithm. >> they will sell it just the names and database on oracle servers, maybe in texas, we have to find out where the servers are, the brand. they will not sell the algorithms. what is that worth? start the bidding at 30 billion. it is a fire-sale if you d

former treasury secretary steve mnuchin says he's putting together a group investors who could buy tiktok this announcement coming just one day after the u.s. house of representatives overwhelmingly approved a measure to ban the popular video sharing app if its china-based owner does not sell its a stake in the company. lawmakers fear tiktok will pose a national security risk if china's government gains access to this data and all of the american users on the app, all their information. so he says that the app should be owned by a u.s. business and he claims there's no way that the chinese would ever let a u.s. company own something like this in china. now to the east bay, the oakland unafied school district is facing a general fund deficit they say is 14 million dollars more than what they thought it was going to be. the district says higher costs and a decline in enrollment were both factors in what has resulted in a 35.4 million dollar deficit adding that one-time grants like the covid response fund are about to expire, which could possibly add to the deficit. number, according to the

back to you and new this morning, former treasury secretary steve mnuchin is pulling together a groupow. this comes after what you just saw, which is this whole situation with the house overwhelmingly approving banning the measure and where it goes from there. but in the meantime, newton says the app should be owned by u.s. businesses and he says there's no way that china, whatever let us company on something like this in china and their country. we'll see what happens if there's an investor group that buys 10. 21, the time coming up on the kron. 4 morning news. san francisco city workers are preparing for a possible strike. we're going to tell you what they're demanding. >> we are back 10. 24 is the time and just into the kron 4 news room, police activity now reportedly shutting down 2 roads near gilroy city hall. >> police issued an alert at 8 o'clock this morning asked people to avoid the area. they're conducting an investigation around west 7th and rosanna streets. they haven't said what exactly it is they're investigating or how long the streets will be closed before following th

at this point, former secretary of the treasury steve mnuchin and shark tank's kevin o'leary have alreadyessed interest. the challenge here is that it would make sense for a large technology company, whether it would be meta or google or apple or amazon or somebody like that, to scoop it up. but then, you know, the justice department would come in, would say, no, no, no, that's going to be a monopoly. you guys can't have it. so you almost need somebody outside the tech realm or a smaller player in the business to come in. but then how do they have the cash? i don't know, tristan. what do you think, i don't know, but i hope it's not elon musk who puts together the group to buy it. he's got enough and has done enough with x already, look. and the bottom line is, will this actually close the national security threats or any loopholes that they're worried about? who knows, sandy, what do you think? >> yeah, i mean, they're, you know, they're obviously going to be buyers out there, kristen. but i don't know. i mean, there's still some controversy about it. and so, i mean, will a company be wil

larry: what's wrong, look, steve mnuchin was on another network this morning and he says he will tryo put a group together to buy it. and he said it is a national security risk as it is now with the bytedance ownership. okay. instrumentality of the ccp. it should be a u.s. business, a u.s.-owned business. what's wrong with that? that is exactly right. >> no one says, hey, you could can beat instagram, congratulations have at it, you about in our country we should not allow russia, china, north korea, iran, the parade of enemies against america to control news outlets. they would not be allowed to by cbs, would not be allowed to by nbc but they're allowed to put tiktok in our country, dominate our news feed, shape what we see and learn? makes no sense. larry: would the ccp let fox news, some other company go in there. >> facebook is not allowed in there, snapchat is not in there. communist country has different rules. they look at a problem. we're hit with bombs we fight back. then there is what we're going through right now. suddenly china is doing everything they can to weaken us an

meanwhile, former treasury secretary, steve mnuchin, said that he's putting together an investor groupy tiktok he actually had a lot to say on the issue. first mnuchin said, "we're very serious about mnaking this happen, for mnany years social mnedia has been getting out of control. then he said, "we need to mneet in the mniddle if we raise enough mnoney, it will be a truly mnomnentous occasion for amnericans. i can't do it. [ laughter ] i can't say it [ cheers and applause ♪ he said it better. he said it better than i did, yeah some more political news in a new interview, former president trump complained about how he's been treated compared to other presidents check out what he said >> and i was always told that andrew jackson as a president was treated the absolute worst and i heard abraham lincoln was second i said, there's no -- i don't care, andrew jackson or anybody else, nobody has -- when you think of the fake things, nobody's been treated like trump, in terms of badly [ laughter ] >> jimmy: "nobody's been treated like trump, in terms of badly. and trump should be treated in t