President Donald Trump: Looking at banning TikTok or a lot of other options

President Trump takes a question on the South Lawn about potential plans to ban TikTok. The 'Power Lunch' team discusses his comments. For access to live and exclusive video from CNBC subscribe to CNBC PRO: cnb.cx/2NGeIvi
President Donald Trump said Monday that it could be easier if Microsoft were to buy Chinese-owned TikTok in its entirety, rather than a small part of the social video app, because the name would be split across two companies, and suggested the company should pay the U.S. Treasury as part of the deal.
“I think buying 30% is complicated, and I suggested that he can go ahead, he can try,” Trump told reporters in the Cabinet Room at the White House on Monday. He was referring to his conversation over the weekend with Microsoft CEO Satya Nadella. The comments come a day after Microsoft confirmed in a statement that it has looked at buying TikTok in the U.S., Canada, Australia and New Zealand.
A larger deal could go beyond resolving the U.S. government’s concern over Chinese control of the app, where hundreds of millions of people share short videos that often feature music.
A transaction of the type the president envisions could also prove more expensive than the one Microsoft described on Sunday. Trump said Monday that part of the amount paid to buy TikTok would have to come to the U.S. Treasury Department because it would be making the deal possible.
“It’s a little bit like the landlord/tenant; without a lease the tenant has nothing, so they pay what’s called ‘key money,’ or they pay something,” Trump said. “But the United States should be reimbursed or should be paid a substantial amount of money, because without the United States they don’t have anything, at least having to do with the 30%.”
Microsoft’s largest acquisition to date is the 2016 acquisition of business social network LinkedIn, at $27 billion. Investors of the privately owned ByteDance, the Chinese company that owns TikTok, valued TikTok at $50 billion, Reuters reported last week.
The app will be banned in the U.S. if it’s not sold by Sept. 15, Trump said on Monday. On Sunday, Microsoft said that it wants to conclude talks with ByteDance by that date.
“We believe from a management and board perspective this is a unique deal of a decade opportunity with a price tag that could easily be consummated,” Wedbush analysts led by Dan Ives, who has the equivalent of a buy rating on Microsoft stock, wrote in a note distributed to clients on Monday. Microsoft had $136.53 billion cash, equivalents and short-term investments as of June 30, according to the company’s most recent quarterly earnings report.
Microsoft shares rose 5.6% during Monday’s trading session, which was mostly positive for tech stocks overall.
The rise of TikTok has been part of ongoing U.S. government concerns about China that prompted a trade war. Trump administration officials have argued that TikTok delivers user information to the Chinese Communist Party. TikTok has said “TikTok U.S. user data is stored in the U.S.”
» Subscribe to CNBC TV: cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC: cnb.cx/SubscribeCNBC
» Subscribe to CNBC Classic: cnb.cx/SubscribeCNBCclassic

Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.

Connect with CNBC News Online
Get the latest news: www.cnbc.com/
Follow CNBC on LinkedIn: cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: cnb.cx/LikeCNBC
Follow CNBC News on Twitter: cnb.cx/FollowCNBC
Follow CNBC News on Instagram: cnb.cx/InstagramCNBC

For info on the best credit cards go to CNBC Select:
www.cnbc.com/select/best-credit-cards/
#CNBC
#CNBCTV

Comments

  • Josef
    JosefHour ago

    All tiktokers: im ready to go to canada

  • Ace Paul
    Ace Paul3 hours ago

    Ok so you understand that if you ban tik Toj that means you will lose the teen vote .

  • Jessa Gabrielle Bag-ao
    Jessa Gabrielle Bag-ao3 hours ago

    *TIKTOK SHOULD BANNED* *ML SHOULD BANNED*

  • Amos Xu
    Amos Xu11 hours ago

    Gates : thanks to trump,We will buy tiktok at a very low price.

  • anime_ diamond
    anime_ diamond12 hours ago

    F Trump with his Cheeto Frito carrot Brussel sprout Piña colada Bloodhound face Tick-tock built like a clock Big body Built boy

  • anime_ diamond

    anime_ diamond

    12 hours ago

    Omg should I delete this

  • Alexander Willis
    Alexander Willis12 hours ago

    No no

  • Lord of the rings is best UwU
    Lord of the rings is best UwU13 hours ago

    That racist, homophobic, transphobic, cheeto with an ugly hair cut is just throwing a fit because a bunch of gen z'ers came together and wrecked his rally.

  • Legit Ender
    Legit Ender13 hours ago

    i hope trump bans tik tok

  • The one and only Carley

    The one and only Carley

    10 hours ago

    He can't cuz Microsoft bought it

  • I will demonetized you
    I will demonetized you15 hours ago

    Thank goodness my cancer is gone

  • gue_ss
    gue_ss15 hours ago

    #BANTIKTOK2020

  • Ehab Hamed
    Ehab Hamed16 hours ago

    No way don't don't do that and I love Tik Tok please Donald Trump please listen

  • ajogadaTV
    ajogadaTV16 hours ago

    We just posted a video about the game behind USA and India banning TIK TOK mercedesbenzvideo.info/chat/eKS213qX3dark6I/video&lc=z22kfbf4roenexbmuacdp435au4cqyvi4imy3k3etltw03c010c

  • Imthepigeon
    Imthepigeon16 hours ago

    Whhhyyyyyy

  • Dani Supergirl123
    Dani Supergirl12317 hours ago

    The reason Trump should not ban TickTock It’s because the people on TickTock not only with viewers but it’s for our entertainment so if he bails tick-tock there is basically be nothing else musically get deleted TickTock gets banned 2020 said I’m going to be the worst year ever and then Trump said let’s ban tick-tock in the 2020 said maybe I’m not the bad guy anymore Ps spelling error

  • Neovulst
    Neovulst17 hours ago

    About damn time

  • Emilee Kohar
    Emilee Kohar17 hours ago

    >:(

  • CW
    CW18 hours ago

    November third, flush the big orange turd and his "dog show" family!!!

  • Tia Løseth
    Tia Løseth21 hour ago

    🔈 AYOOO🔈🔊 TRUMP🔈 WE 🔊🔊STILL 🔈ON🔊🔊 TIKTOK

  • Manuel Elias
    Manuel Elias23 hours ago

    Wtf does this president think he is the preacher from the footloose movie ... he can’t ban TikTok... he has no authority

  • Garfield Show
    Garfield ShowDay ago

    TikTok for Trump M A f i a Nut Cases 🖐🐷🖐 Special Elbows for Trump Crazy Golf👆🤣⛳

  • Xx Gantumur xX
    Xx Gantumur xXDay ago

    Yay

  • Latoya Jones
    Latoya JonesDay ago

    Please shut down all Chinese apps, they are doing nothing but brainwashing our teens

  • Levi is Mine
    Levi is MineDay ago

    Good thing I don't live in the New United States I live in Chico so I make dance videos

  • Jeff Hughes
    Jeff HughesDay ago

    Right I'm gonna say it, how has nobody assassinated this fool yet??

  • laila.p00h.

    laila.p00h.

    Day ago

    Because you can't assassinate him unless he is out in public, and even then if you do that you are most likely going to be sentence to death in prison.

  • JDAC
    JDACDay ago

    DJT band Pokemon also, it's a Chinese game. They are having americans drive around looking for pokemon's instead going to work.

  • Bella Sloth
    Bella SlothDay ago

    Who’s looking for Charlie’s adissins and Tony’s comment

  • Max Hamid
    Max HamidDay ago

    U can just tell he doesn’t care 🤣

  • VLASTENEC-Československo
    VLASTENEC-ČeskoslovenskoDay ago

    Seš hnusnej jako prdel !!!!!!!!!!!!!!!!!!!!!!

  • Marino Volarić
    Marino VolarićDay ago

    Trump want ban tik tok tik tokers DANCERS:🤬 ALTO:🤬 ANIME:🤬 ROBLOX:🤬 FORTNITE:🤬 GACHA LIFE:🤬 WE ARE NOT GIVING AWAY TIK TOK WITHOUT A FIGHT👿👿

  • laila.p00h.

    laila.p00h.

    Day ago

    If that's the case you are going to lose.

  • GAMINGLAK
    GAMINGLAKDay ago

    American having a nice day and making Tik tok In News Donald Trump:alright let's ban tik tok American:The F*?!

  • bobbg
    bobbgDay ago

    TRUMPS DOING EVERYTHING HE CAN TO TAKE THE FOUCOUS OFF HIS TOTAL FAILURE TO LEAD THE NATION DURRING A CRISIS. AND HE SAY OBOMA WAS A BAD PRESIDENT. NO TRUMPS A MORON.

  • bobbg
    bobbgDay ago

    So were a communist country now where the government can ban social media? Humm? Seriously if people want to keep personal information offline then don't put it online DOH!

  • Mr. Pebbles
    Mr. PebblesDay ago

    I wish he bans it LoL

  • Afnan 287YT
    Afnan 287YTDay ago

    Finally he took the right decision!

  • Giorno Jjbbg
    Giorno JjbbgDay ago

    We all false, Trump banned Tick tock, not tik tok

  • Bli4tz 6
    Bli4tz 6Day ago

    I dont care because i didn't download it and ill never download it

  • Adam Cadzow
    Adam CadzowDay ago

    Trump bans tiktok Every 14 year old: I have decided that I want to die

  • Mao*is*Watching
    Mao*is*WatchingDay ago

    GO TRUMP 2020!!!!!!!! GO TRUMP 2020!!!!!!!! GO TRUMP 2020!!!!!!!! GO TRUMP 2020!!!!!!!! GO TRUMP 2020!!!!!!!! GO TRUMP 2020!!!!!!!! GO TRUMP 2020!!!!!!!! GO TRUMP 2020!!!!!!!! GO TRUMP 2020!!!!!!!! GO TRUMP 2020!!!!!!!! GO TRUMP 2020!!!!!!!! GO TRUMP 2020!!!!!!!! GO TRUMP 2020!!!!!!!! GO TRUMP 2020!!!!!!!! GO TRUMP 2020!!!!!!!! GO TRUMP 2020!!!!!!!! GO TRUMP 2020!!!!!!!! GO TRUMP 2020!!!!!!!! GO TRUMP 2020!!!!!!!! GO TRUMP 2020!!!!!!!! GO TRUMP 2020!!!!!!!! GO TRUMP 2020!!!!!!!! GO TRUMP 2020!!!!!!!! GO TRUMP 2020!!!!!!!! GO TRUMP 2020!!!!!!!! GO TRUMP 2020!!!!!!!! GO TRUMP 2020!!!!!!!! GO TRUMP 2020!!!!!!!! GO TRUMP 2020!!!!!!!! GO TRUMP 2020!!!!!!!! GO TRUMP 2020!!!!!!!! GO TRUMP 2020!!!!!!!! GO TRUMP 2020!!!!!!!! GO TRUMP 2020!!!!!!!! GO TRUMP 2020!!!!!!!! GO TRUMP 2020!!!!!!!! GO TRUMP 2020!!!!!!!! GO TRUMP 2020!!!!!!!! GO TRUMP 2020!!!!!!!! GO TRUMP 2020!!!!!!!! GO TRUMP 2020!!!!!!!! GO TRUMP 2020!!!!!!!! GO TRUMP 2020!!!!!!!! GO TRUMP 2020!!!!!!!! GO TRUMP 2020!!!!!!!!

  • Tamilan Listed
    Tamilan ListedDay ago

    that's purely a proper business plan, it seems.. It's obvious they are going to play with Data and privacy.. Then CEOs going through testimonials, making it random for no use.. who gains? It's all the data brokers!

  • Ritik Sharma
    Ritik SharmaDay ago

    *tik tokers disliked the video*

  • Ильнур Зубаиров
    Ильнур ЗубаировDay ago

    Donald Trump how dare you ban tick-tock

  • Sharona’s Here
    Sharona’s HereDay ago

    Such bull! Facebook has all our data info along with instagram! Truth is trump can’t stand it that so many Americans make videos making fun of what an ass he is!

  • laila.p00h.

    laila.p00h.

    Day ago

    Yea but Facebook and Instagram are made from an American company. Tik Tok is made by an Chinese company. Trump doesn't want the Chinese government to spy on us because it can be used against us. Plus America and China are not friends.

  • Fresh Start
    Fresh StartDay ago

    After I heard that China was doing surveillance on U.S. citizens through the Tic Tok App. I uninstalled it and made a big post on FB about it to warn my friends. I started getting stalked in my city. My phone, internet, and email were hacked into. I was getting covert threats on FB . Made many 911 phone calls since the start of this year. Including a FBI CYBER COMPLAINT I had to change ny phone #. I had to do several factory resets. I could see flashes on my phons screen. Someone taking screenshots when i opened apps. FINALLY I had to go to a differsnt city for a month in June, sell my vehicle, get a brand new phone carrier-#-emal address-device All Private and restricted and delete my FB account. TO BE SAFE. I now have a serious illness due to severe enotional stress.

  • Fresh Start
    Fresh StartDay ago

    After I heard that China was doing surveillance on U.S. citizens through the Tic Tok App. I uninstalled it and made a big post on FB about it to warn my friends. I started getting stalked in my city. My phone, internet, and email were hacked into. I was getting covert threats on FB . Made many 911 phone calls since the start of this year. Including a FBI CYBER COMPLAINT I had to change ny phone #. I had to do several factory resets. I could see flashes on my phons screen. Someone taking screenshots when i opened apps. FINALLY I had to go to a differsnt city for a month in June, sell my vehicle, get a brand new phone carrier-#-emal address-device All Private and restricted and delete my FB account. TO BE SAFE. I now have a serious illness due to severe enotional stress.

  • Astronomy Live
    Astronomy LiveDay ago

    Wack Donald trump wants is using this to diverting attention from 150,000 Americans that have died from Covid-19. Covid-19 is nailing donald trump election in 2020.

  • Bffs Squad!!!!!
    Bffs Squad!!!!!Day ago

    i want it to get banned it’s so much drama and my friend is so crazy about she can’t live without it🙄

  • Polar bear girl
    Polar bear girlDay ago

    I hate tiktok

  • Zack Zack
    Zack ZackDay ago

    The root of Trump is robber. Are you guys proud of this president ?

  • Jedidah Amar
    Jedidah AmarDay ago

    Band the tiktok

  • Maxi Max
    Maxi MaxDay ago

    Hahaha..i can't breathe...i can't breathe..anyone in the world please help...hahaha..convid19 party anyone wanna to party together...hahaha...

  • Kent Bell
    Kent BellDay ago

    Donald Trump you is not going to get away Tik Tok. Unless I'm going to have to come to your steak and get you

  • Patricia Hernandez
    Patricia HernandezDay ago

    People:😒😭😭😭😭😭 Trump:were banning tiktok ME:stuped trump

  • Im so Bored
    Im so BoredDay ago

    *tik tok getting banned* That one charli fanpage who told me charli is more Suscesfully than u will ever be : *cries*

  • Austin Lee
    Austin LeeDay ago

    Trump is right. Tiktok should be banned

  • Fallen
    FallenDay ago

    Yikes how worse can 2020 get now tiktok... cmon what’s next after this?

  • Clorox
    CloroxDay ago

    Trump did a good thing

  • Win L
    Win LDay ago

    The trap of the USA, Alstom is a copy, the evil Axis powers begin to attack, the great USA Nazism has arrived, and the absolute USA imperialism has arrived

  • THE KIDTM
    THE KIDTMDay ago

    *"a soul for a soul."*

  • Owleyes
    OwleyesDay ago

    Donald acting tough to get re-elected

  • سعيد العرياني
    سعيد العريانيDay ago

    Finally