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Squawk on the Street

Cramer's Morning Take: Tiktok Ban 1/17/25

Squawk on the Street

CNBC

News, Investing, Business

4.1567 Ratings

🗓️ 17 January 2025

⏱️ 4 minutes

🧾️ Download transcript

Summary

Jim and Jeff discuss the potential winners from a TikTok ban. They also dive into this big tech stock’s dip. Become a CNBC Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks as they talk candidly about the market’s biggest headlines. Signup here: cnbc.com/morningtake CNBC Investing Club Disclaimer

Transcript

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0:00.0

Jim Kramer here to share with you a sample of my take on the market from today's CNBC Investing Club warning meeting.

0:09.0

We do have news. The Supreme Court has upheld the ban of TikTok.

0:14.0

I know that President-elect Trump has just spoken to Xi Jinping.

0:19.0

It's very interesting that they have a dialogue. When I interviewed

0:21.6

the president, he thought we might be surprised by his relations with China. This has to be resolved

0:26.3

because TikTok is a hundred million people or more in America who would be angry at the same

0:32.3

time. If they get the data of 100 million people, then it would be something that we would not

0:37.4

want as a country. So I come back and say, I think this gets kicked. It's get the data of 100 million people, then it would be something that we would not want

0:38.3

as a country.

0:39.3

So I come back and say, I think this gets kicked to Trump and Trump will come up with some

0:42.8

sort of deal and as long as they can keep the data from the Chinese, I got to tell you,

0:49.4

Chief Justice Roberts does not think you can.

0:51.3

Well, in the event it does go dark and it's, well, it is dark and stays dark. Met can, though. Well, in the event, it does go dark. Well, it is dark and stays dark.

0:56.6

Meta, obviously, the big winner there.

0:59.8

You could say Alphabet as well with YouTube shorts.

1:03.5

Interesting that kind of flattish here.

1:05.5

This is so wrong.

1:06.7

I mean, give me a break.

1:08.0

You think it'd be higher.

1:09.1

But I think it's been pointing towards this direction for a couple weeks.

1:13.6

Right.

1:14.6

But the fact is that they do have a competitive product that everyone could gravitate too.

...

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