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TheStreet’s Conway Gittens brings you the biggest news of the day, including what investors are watching and why TikTok is in real trouble in the U.S.

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Transcript
00:00I'm Conway Giddens reporting from the New York Stock Exchange.
00:02Here's what we're watching on the street today.
00:04The tech-heavy Nasdaq closed out the week at a record high.
00:08Consumer sentiment jumped to its highest since April.
00:11While there is optimism over what could come during a Trump administration, there is also
00:16increased worry about a resurgence in inflation.
00:20And speaking of inflation, next week we get both the Consumer Price Index and the Producer
00:25Price Index.
00:26In other news, the clock is ticking on TikTok's future in the United States.
00:30A federal appeals court has upheld a ruling that could stop TikTok from operating here
00:35unless ownership switches from Chinese hands to American hands.
00:40The court rejected a TikTok claim made in the appeal that its First Amendment right
00:44was being violated by the forced sale.
00:47In its ruling, the court said, quote, the First Amendment exists to protect free speech
00:52in the United States.
00:54Here the government acted solely to protect that freedom from a foreign adversary nation
00:59and to limit that adversary's ability to gather data on people in the United States.
01:05Not happy with its appeal, ByteDance, the Chinese owner of TikTok, vowed to take its
01:10fight all the way to the Supreme Court.
01:13The outgoing Biden administration gave ByteDance until January 19th to either find a seller
01:17or face an outright ban.
01:19And even though ByteDance's troubles actually began under the first Trump White House, it
01:24appears the incoming second Trump White House has changed its tune.
01:30Trump now sees TikTok as a foil to Mark Zuckerberg's meta, which he thinks has grown too powerful.
01:36He told supporters he now wants to save TikTok.
01:40That'll do it for your daily briefing from the New York Stock Exchange.
01:43I'm Conway Gittens with the street.
01:49Thanks for watching.

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