treasury secretary steven mnuchin says he is still interested in buying tiktoks u.s.rations from bytedance. he spoke to us at the milken institute global conference in beverly hills it's all very interested in buying it to the extent they want to sell it or spin it off we very much want to pursue that. i support that congress passed the bill and has signed into law. it says had incredible overwhelming support with republicans and democrats, this may be the only thing that everybody agrees on. the fact that it is 160 million phones i think is a security issue does the deal still work in the algorithm doesn't come with stake? >> the chinese government has been very clear that they will not give an export license on the algorithm. i understand that. we have sensitive technology that we don't want to transfer and they don't want to transfer this stadia u.s. i have spoken to a lot of u.s. tech companies on rebuilding this i believe the algorithms can be rebuilt. so my plan if we were to purchase it would be to rebuild the technology under u.s. leadership, make sure that it

treasury secretary steven mnuchin and david westin.ormer house speaker paul ryan. this is bloomberg. ♪ katie: movie theaters may need to pull more stunts to help box office sales. hollywood's latest blockbuster the fall guy saw a soft debut in that is a worrying trend ahead of amc earnings after the bell today. kevin near will break it down for us. i didn't see this movie and i don't know if you did but not a lot of people saw it. put that into context what it means for amc and how beholden they are to the hope of a blockbuster? >> when it comes to the fall guy, i wouldn't put too much emphasis on this one movie. following the strike last year, we knew the slate would be weaker this year so everyone's confused if people are going to the movies or if they want to go to the movies. when you think about the summer which is typically the most important time for the movie theaters particularly amc being the biggest, it's normally headlined by a big marvel movie that kicks off the summer and gets people talking about going to the movies. gen

annabelle: that was steven mnuchin speaking to david westin.politics is one of the key themes we track for market moves across this part of the world. today for futures, setting up for the open for japan, australia, south korea, looking very subdued. not really expecting any big moves in either direction, given that lack of uncertainty and movement on the wall street session. intraday traders are really split over the expectations of fed rate cuts. at the same time you have sticker inflation and the prospect we stayed higher for longer. one of the key stocks we could see a pop at the start of trade is one in seoul, a ship repair firm. it's raised nearly $550 million in its ipo, the biggest when we have seen since january 2022, and cements south korea's -- the stock could see a pop at the start of trade. ♪ ♪ annabelle: this is "daybreak: asia." we are counting down to asia's major market opens. setting up for an absolutely lackluster session today if you look at the queues we have for mustard overnight. , rally continue from here? haidi: not jus

treasury secretary steven mnuchin says he still interested in buying its u.s. operations from bytedance. he spoke with us at the milken institute global conference in beverly hills. >> i'm still very interested in buying get to the extent they want to sell it. we very much want to pursue that. i support that congress passed the bill and it has now been signed into law. i will say this has had incredible, overwhelming support with republicans and democrats. this may be the only thing that everybody agrees on. the fact that it's on 160 million phones, i do think it is a security issue. >> does the deal still work if the algorithm doesn't come with tiktok? >> the chinese government has been clear that won't give an export license on the algorithm and i understand that. we have sensitive technology that we don't want to transfer to them and they will don't want to transfer this to the u.s. i have actually spoken to a lot of tech companies, they are working and rebuilding this. i do believe the algorithms could be rebuilt. my plan, if we were to purchase it, would b

we are continuing our coverage from the milken institute global conference joining me is steven mnuchintary of the united states. nice to see you. >> nice to see you as well good to be here. >> we've been talking a bit lately and we're happy to be able to do that with you, nycb not that long ago, and then followed up by an interview you did when you said somewhat unexpectedly you're looking for an investor group to put together to buy tiktok want to start there if we could given it is on pace to be banned the legislation has been signed. where are you in your efforts to potentially be there, should there be an opportunity to buy the assets outside of china? >> we're still very interested in buying it we're investing in it because it may not be a purchase. it could be a spinoff and investing in it which would keep the existing investors but dilute down the chinese ownership. we spent a lot of time with technology companies given the year it can be rebuilt, so it can be separated from bytedance's technology. if the company wants to pursue, we're very interested. the problem is, if they're

host: i think early on, president trump's treasury secretary steven mnuchin expressed interest in gathering a collection of people to buy it. guest: i don't think it has gone anywhere. it was in the news cycle and haven't heard from it, but who knows? host: you heard from a ceo, but as far as influencers and those who use tiktok for business, what have they said and how they -- have it address the regulators? guest: a lot of anger. it provided a lot of americans an opportunity not just to express themselves but to build businesses and make money off of products and businesses. a lot of people are upset right now. one of the tactics, because the bill sprung onto tiktok and they didn't see it coming. one of the tactics the company used as having pop-ups show on -- up when they come on and say this is your congressman number and call them. we saw people calling offices on capitol hill and inundating them to reject the bill and that had the opposite effect and that convinced lawmakers to vote in favor of the bill because they saw it as evidence that this could really be used to mobilize large g

david: steven mnuchin on his plans to buy tiktok. stephen: i think the algorithms could

. >>> tiktok buyer steven mnuchin told cnbc the lawsuit would support a good outcome. >> you'd have aear to rebuild the technology, which i think could be a major effort but could be done. my concern is that if they spend six mondays litigating and then try to do a deal, it's impossible to build the technology in that time frame. >>> and apple unveiled a new ipad pro and air model with a faster m 4 chip that can handle artificial intelligence and comes at $1,000. it's coming in awith a higher screen. >>> and druckenmiller cuts nvidia stake says iowa may be overhyped. it's only to become clear four to five years from now he told cnbc he needed a break from owning nvidia stock. >> i expected to own nvidia for two or three years this was a mega trend like i'd never seen, potentially bigger than the internet. but when the stock went fup, i' not warren buffett i don't things for 10 or 20 years. we did cut that and a lot of other positions in late march. i just need a break. we've had a helluva run. a lot of what we recognized has become recognized by the marketplace now. >> and chipmaker a

tomorrow we will hear from steven mnuchin, former u.s. secretary of treasury. get a check on these markets. we are going to do that with abigail doolittle. abigail: we are looking at a small gain for the s&p 500. what makes this interesting is, it is a fourth update in a row. that is essentially before we started to see weakness for the s&p 500. some of the dip buyers really trying to take on the sellers. we will be taking a look at a chart in one moment, but first look at disney. shares down 9.5% after they be prophets, revenue is a bit of a mess, but more concerning, the third quarter is choppy. not a lot of growth for parks. bama the first quarter there was a subscriber mess. the stock had been up 29%. not priced for for -- not priced for perfection, but a high bar. international paper off of its highs. the brazilian bio economy company, it has potentially put in a $15 billion bid. shares higher. we will be following that story. as for the chart, take a look at why we do have stocks higher over the last few days. this is as yields come in. as it -- if we tak

is that when donald trump was in office, they thought donald trump was a clown, but steven mnuchin called them all the time, jared called them all the time, and when covid hit, they were all willing to play ball and say, come on in, let's figure out what companies do you own and how can we help? it is that trump had his doors open with guys saying, i want to play ball, because i want to do business with you forever and biden doesn't-- doesn't say that to them, but his actual policies are good for them. >> no doubt. listen, why is steve schwartzman of blackstone? he wants lower interest rates, what is donald trump keep saying? he will lower interest rates. >> and guess what? the president can control where interest rates are. >> well, he said he wants to take over the bed. he wants to be an autocrat, he wants to be a dictator. so think about all of the bankruptcies he has had in his history, and his business life over the last 30 years. >> please, bankrupt over six times, and as we are watching in this trial, his demand and practice, never pay any of his bills in full, they had better be 2

steven mnuchin, the former treasury secretary of the trump administration, may also get some place inasset in the region of a trillion dollars, and just one of the sponsors republicans and, accordingly , donald trump are here. and the elections of the twentieth year, the sixteenth, in the elections of twenty fourth, but if we go really deep into history, there was mac george bundy, and the famous kennedy adviser gfk, who arranged that very landing in the bay of pigs, which led to nothing, was built there by talbat, during the era of the clinton administration he was an assistant secretary of state and mrs. albride, and so on, but here it’s interesting, yes, that is, at the moment , obama is the last president of the united states. trump, biden, perhaps trump again, we don’t see representatives of this community, well, either some other secret society, also says a lot, that is, they are still not omnipotent, and my personal point of view, yes, this whole story with transgender people, inclusivity, for them now this is not just a screen and not an attempt to talk there to show ourselves

i will sit down with the ceos of apollo, goldman sachs, exxonmobil and next from steven mnuchin, formerrsuing tiktok, for example, and we'll talk ai. openai's brad lightcap will be my guest. >> i'll be there with you. hearing from the ceos of ibm, ai front and center, chevron, mattel. we've got an exclusive with jane fraser the ceo of citigroup who has been knee deep in her restructuring turnaround. that's going to be coming up on monday afternoon and ken griffin from citadel. >> all the big investors are there. >> yes. >> we want to hear -- he has not revealed who he is supporting in the election. >> any chance he would support biden? come on. >> doubtful. >> yeah. >> so maybe he's got somebody else in mind other than the other candidate. >> we'll wait until he answers the question next week. that ism prices paid, some of the shine off the data as steve said. dow is hdi otoaiolngn gn of 361. stay with us. ch is less about reaching a magic number... and more about discovering magic. this is our future, ma. godaddy airo. creates a logo, website, even social posts... in minutes! -how? -a.

. >> former treasury secretary steven mnuchin who has said that he is interested in purchasing this said yesterday that he thinks he would be able to find developers who can rewrite the algorithm because bytedance has said or tiktok has said it will not -- bytedance said it will not sell it with the algorithm, so they would have to have a new algorithm in place but while the lawsuit is taking place, i would imagine the company is not going to be looking to or thank youing to any acquisition or buyers. what do you say? what are the odes that they're not doing anything if they await the core process >> it's really tricky. i think they will be able to ask a judge at some point most likely for an injunction or something that might stop the clock for a period i think that if they do enter negotiations in good faith with a potential buyer, the time line could be extended to up to a year butting you know, really throughout this filing, tiktok is making the case it's impossible for it to actually sell the business to a nonchinese owner, and they give lots of different reasons for that and so, yo

he joins a diverse group who expresses interest in buying the platform including steven mnuchin and formerther any of them can buy tiktok is a different story. bytedance has it has no intention of selling the asset. jonathan: that is a minor detail. we will catch up with dani again in 30 minutes. coming up, the morning calls before we set the stage for cpi and retail sales. from new york, this is bloomberg. ♪ jonathan: here is the state of play going into cpi and retail sales. equities a little bit negative. the emphasis on a little bit. we are down .2%. -- the 10 year 4.4159. morgan stanley resuming coverage of exxon mobil. overweight. seeing attractive growth after the acquisition of pioneer. jp morgan upgrading ne-yo to neutral come expecting shares to benefit -- upgrading nio to neutral. bernstein upgrading general mills to market perform come expecting a stronger second half of 2024. we are looking ahead to cpi in retail sales. ed yardeni is back with us. we have been talking about defense and offense. i want to talk about which sectors do what? we mentioned utilities were almost excl

steven mnuchin speaking to bloomberg saying he is looking at algorithms to see if they could remake theorithm. jonathan: it is amazing to see chinese companies talking about freedom of speech. the deep irony of this playing out. lisa: china does not allow u.s. media companies to operate in china because they do not want it. in the u.s. we operate under an umbrella of free speech and a host of other freedoms that are guaranteed. to meet is important to go by that and follow the rules. there is no question is the u.s. becoming more like china to defeat china and it is important to understand where that is ok and where that is not ok. jonathan: iphone shipments in china jumping 12%. apple saw a boost for the month of march after retailers/prices. the retailer faces a slump of 37% in 2024. angelo zino covers apple for cfr a and has a buy rating on the stock. let's catch up on yesterday. the update to the ipad. we are talking about five consecutive soft quarters. you see enough to turn that around? angelo: we do. we are looking at five year-over-year declines. it has been week for a while. t

. >> host: early on former president trump's treasury secretary steven mnuchin expressed interest possibly gather a collection of people who buy. i don't know if that's going anywhere. >> guest: i think that was a blip in the cycle and i haven't heard from it again but who knows? >> host: you heard from the ceo but as far as influencers are those who use tiktok for business, what have they said not only on the platform but how have addressed this with legislators? >> guest: a lot of anger and disappointment. this is a platform that provided a lot of americans an opportunity not just to express themselves but to really build businesses and to make money off of products and businesses, and so a lot of people are upset right now. one of the tactics, because the bill sprung on the tiktok. tiktok did not see it coming. one of the tactics the companies use was having pop-ups show up on app when users would come on and he would say this is your congressman senator burr, directly call them. what we saw was a lot of users calling offices on capitol hill inundating these offices with requests to rej

host: i think early on, president trump's treasury secretary steven mnuchin expressed interest in gathering collection of people to buy it. guest: i don't think it has gone anywhere. it was in the news cycle and haven't heard from it, but who knows? host: you heard from a ceo, but as far as influencers and those who use tiktok for business, what have they said and how they -- have it address the regulators? guest: a lot of anger. it provided a lot of americans an opportunity not just to express themselves but to build businesses and make money off of products and businesses. a lot of people are upset right now. one of the tactics, because the bill sprung onto tiktok and they didn't see it coming. one of the tactics the company used as having pop-ups show on -- up when they come on and say this is your congressman number and call them. we saw people calling offices on capitol hill and inundating them to reject the bill and that had the opposite effect and that convinced lawmakers to vote in favor of the bill because they saw it as evidence that this could really be used to mobilize large gro