Oracle deal with TikTok puts tech momentum back on track
December 19, 2025 • 4m 49s
Eunice Yoon (Business News)
00:00.110
well
frank
i
would
i
think
it's
interesting
is
the
reaction
of
the
chinese
government
or
the
non
reaction
because
officially
the
foreign
ministry
dodged
a
question
they
didn't
actually
go
into
anything
other
than
a
boilerplate
statement
which
was
that
beijing
beijing
's
position
Eunice Yoon (Business News)
00:14.590
on
tick
tock
is
consistent
and
clear
but
the
state
media
reaction
has
been
interesting
in
that
it's
been
quoting
a
pro
beijing
professor
on
the
tik
tok
deal
and
there
that
professor
is
saying
that
this
deal
is
in
line
with
chinese
law
that
this
is
not
a
sale
of
the
algorithm
Eunice Yoon (Business News)
00:31.430
that
oracle
is
only
reviewing
the
algorithm
and
so
it
cannot
copy
or
steal
it
that
tik
tok
will
remain
one
hundred
percent
owned
by
bytedance
and
with
that
and
the
focus
of
that
professor
on
how
this
is
in
line
with
chinese
law
as
well
as
the
fact
that
there
is
a
closing
date
of
Eunice Yoon (Business News)
00:49.270
january
twenty
second
for
this
JV
deal
suggests
that
the
chinese
believe
that
this
is
going
to
go
through
OK
Frank Holland (Anchor)
00:56.510
we're
seeing
a
proxy
speak
for
the
chinese
government
i
think
the
key
issue
here
is
that
this
joint
venture
is
not
going
to
own
the
algorithm
you
and
i
were
talking
for
the
show
it's
like
selling
the
car
but
you
keep
the
engine
how
should
we
really
view
this
when
it
comes
to
the
Frank Holland (Anchor)
01:09.190
trade
relations
between
US
and
china
the
fact
that
they're
doing
this
to
adventure
but
really
what
i
think
most
people
see
the
most
valuable
asset
the
algorithm
isn't
part
of
the
deal
well
Eunice Yoon (Business News)
01:17.110
i
think
what
what's
interesting
about
this
deal
is
that
it's
inconsistent
with
what
we're
seeing
between
china
and
president
trump
and
that
is
that
the
chinese
or
at
least
is
a
belief
in
china
that
the
chinese
want
president
trump
to
continue
to
be
on
what
beijing
believes
is
Eunice Yoon (Business News)
01:32.390
the
right
path
so
what
we're
seeing
is
the
tick
tock
deal
for
example
something
that's
not
strategically
important
for
beijing
but
is
something
that
president
trump
has
been
hoping
for
would
be
good
for
him
politically
to
be
able
to
close
this
deal
so
them
handing
that
one
over
Eunice Yoon (Business News)
01:49.350
also
soybeans
so
another
one
that
from
a
strategic
standpoint
for
beijing
isn't
really
that
important
but
is
something
that
they
know
would
continue
to
maintain
that
relationship
with
president
Frank Holland (Anchor)
02:01.390
trump
yeah
i
think
the
soybeans
are
win
for
the
president
perhaps
this
tick
tock
deal
could
be
another
win
for
the
president
so
eunice
stand
by
right
now
joining
the
conversation
right
now
is
john
stoltzfus
chief
investment
strategist
at
oppenheimer
asset
management
john
welcome
Frank Holland (Anchor)
02:14.150
to
the
conversation
of
course
oracle
shares
are
surging
on
this
news
what
do
you
think
this
means
for
the
tech
trade
that's
been
under
a
lot
of
pressure
in
recent
days
John Stoltzfus (Chief Investment Strategist)
02:21.830
frank
great
to
be
on
the
show
this
morning
with
you
have
got
to
say
that
i
think
it's
it's
great
for
technology
it
reminds
everybody
that
indeed
we're
all
on
the
upgrade
cycle
whether
we
like
it
or
not
it's
it's
chips
are
important
part
of
our
life
and
the
whole
the
whole
John Stoltzfus (Chief Investment Strategist)
02:38.070
portfolio
of
technology
appears
to
be
in
good
stead
in
the
sense
that
we're
not
going
back
to
the
abacus
or
the
abacus
or
the
slide
rule
folks
this
is
a
technology
world
and
the
agreement
that
we
see
here
that
that
appears
to
be
in
the
wings
with
china
you
know
related
to
a
John Stoltzfus (Chief Investment Strategist)
02:57.710
particular
deal
we're
talking
about
i
can't
specifically
address
that
because
doesn't
doesn't
like
their
portfolio
managers
who
are
also
strategists
to
be
pitching
any
stocks
i'm
not
doing
that
but
just
it
just
it
looks
like
a
very
healthy
thing
and
we
we
think
overall
you
know
John Stoltzfus (Chief Investment Strategist)
03:13.750
this
is
revives
a
trade
that
got
a
little
sour
for
the
last
ten
days
or
so
and
it
it
looks
like
we're
back
on
track
all
Frank Holland (Anchor)
03:24.510
right
so
very
interesting
take
john
we're
gonna
get
more
to
one
with
you
in
just
a
second
but
eunice
i
want
to
come
back
to
you
just
pulling
the
thread
you
were
talking
about
not
quite
an
olive
branch
but
kind
of
it
seems
like
a
give
to
the
president
and
to
the
united
states
Frank Holland (Anchor)
03:37.190
we're
also
hearing
from
the
president
kristen
welker
from
NBC
news
speaking
with
the
president
yesterday
some
of
those
comments
released
saying
that
his
tariffs
are
permanent
and
of
course
they're
going
to
stay
could
any
of
this
be
a
factor
in
this
whole
thing
that
you
want
to
Frank Holland (Anchor)
03:48.110
give
the
president
something
even
if
the
tariffs
are
permanent
there
might
be
negoti
and
it
seems
like
the
chinese
government
is
at
least
not
in
all
the
branch
you
told
me
it's
not
quite
an
olive
branch
but
it's
certainly
a
gift
Eunice Yoon (Business News)
03:57.110
well
it's
it's
definitely
a
gift
because
they
it
looks
as
though
they
are
trying
to
do
what
the
chinese
are
so
great
at
doing
which
is
divide
and
conquering
so
they
look
at
president
trump
they
see
that
it
appears
that
he
wants
to
have
a
closer
relationship
with
them
maybe
not
Eunice Yoon (Business News)
04:11.150
the
the
same
case
for
the
rest
of
the
administration
or
for
people
in
the
US
national
security
community
so
if
they
continue
to
give
president
trump
you
know
tik
tok
or
soybeans
something
that
isn't
so
important
for
them
but
something
that
they
know
he
would
appreciate
a
lot
Eunice Yoon (Business News)
04:25.910
that
in
that
way
they
do
what
they're
they
do
so
well
which
is
to
be
able
to
divide
president
trump
from
the
rest
of
the
US
national
security
and
perhaps
even
people
within
his
own
administration
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