ENTIRE DEBATE. >> THAT PESKY ALGORITHM PUSHING THINGS TO WHAT OUR KIDS RGS TEENS, AND US SEE. EMILY, THANK YOU. >>> LET'S TALK MORE ABOUT THIS, WITH RAYMOND JAMES, GREAT NOTE OUT THIS MORNING AND OUR CONTRIBUTOR NALAY PATEL. THIS IS A LITTLE WEIRD. ACCORDING TO PREDICTION MARKET CALSHY, WHERE YOU CAN BET ON STUFF, CURRENT ODDS ARE THAT THIS BILL HAS A 97% CHANCE OF PASSING BUT IN TERMS OF THE APP ACTUALLY GETTING BANNED OR SHUT DONE, 88% SAY IT WILL NOT BE BANNED IN AMERICA THIS YEAR. CAN YOU SQUARE THOSE THINGS FOR US? I CAN'T. >> I CAN GIVE IT A SHOT. I KNOW HOW CALSHY WILL SAY HOW WELL I DO BUT I WILL GIVE IT A SHOT. VETOING THIS BILL MEANS VETOING AID FOR UKRAINE AND ISRAEL AND HE IS NOT LIKELY TO DO THAT. THAT'S WHY IT IS PACKAGED THIS WAY. IF IT IS PASSED TOMORROW, IT WILL BE PASSED BY DINNERTIME TOMORROW. BIDEN WILL SIGN THE BILL AND WE WILL ENTER INTO THE NINE MONTH TO A YEAR PERIOD WHERE TIKTOK BECOMES ONE OF THE RICHEST PRIZES IN ALL OF TECH AND MEDIA. IT IS A SCALED SOCIAL PLATFORM THAT BOTH META AND GOOGLEIN TERMS OF YOUTUBE ARE DEEPLY AFRAID OF. THERE ARE A LOT OF PLAYERS THAT WOULD LOVE TO COMPETE FOR THE DOLLARS THAT META GOOGLE CAN PULL FROM THE PLATFORM AND HAVE NO WAY OF SCALING IT. YOU CAN SEE THE ECOSYSTEM OF PLAYERS WHO TRY TO RAISE MONEY TO BUY TIKTOK, MAY HAVE THE MONEY IN TERMS OF MICROSOFT OR APPLE WHICH SEEMS LIKE A LONG SHOT OR TRY TO SIMULATE THE MONEY, TRY TO BUILD A SYNDICATE. THERE ARE A LOT OF PLAYERS THAT SEE THE PRIZE. >> HE NAILED IT. HE PUT IT IN A POLITICAL WAY. THIS WAS BIZARRELY STUFFED INTO A FUNDING BILL FOR THINGS THE PRESIDENT REALLY, REALLY WANTS, PRIMARILY MORE FUNDING FOR UKRAINE. SO THE PRESIDENT CANNOT VETO THE BILL. THAT WAS PART OF THE STRATEGY FOR THOSE LOOKING TO SHUT DOWN OR FORCE A SALE OF TIKTOK. >> YEAH. SO IN D.C. THINGS SEEM IMPOSSIBLE RIGHT UP UNTIL THE MOMENT IT IS INEVITABLE. ONCE THIS WAS ADDED ON TO THE BILLS LAST WEEK, THIS BECOMES INEVITABLE. TO THE QUESTION ON WHETHER OR NOT IT IS HAPPENING THIS YEAR OR NEXT YEAR, I WOULD PROBABLY TAKE NEXT YEAR. THERE WILL BE LEGAL CHALLENGES TO THIS. BUT WHEN YOU READ THE TEXT OF THE BILL, WHAT IS REALLY INTERESTING IS THEY DON'T WANT TIKTOK TO HAVE THE ABILITY TO SHOP THIS AROUND AND GET A FAVORABLE JUDGE. CONGRESS IS JUDICIAL SHOPPING IN PUTTING IT IN THE D.C. CIRCUIT COURT OF APPEALS, THE MOST LIKELY COURT TO SIDE WITH CONGRESS TO SIDE WITH THE PRESIDENT AND ALLOW THIS FORCED DIVESTITURE TO GO FORWARD AND WHAT RAYMOND JAMES' CLIENTS ARE ASKING ME IS WILL CHINA ALLOW THIS? I KNOW THERE ARE A LOT OF POTENTIAL BUYERS OUT THERE BUT IF YOU GIVE THE ALGORITHM TO A U.S. BASED CORPORATION, THEN WE WILL GET TO SEE EXACTLY WHAT THEY WILL DO WITH IT. IT IS NOT SO MUCH ABOUT THE NEWS STORIES BUT THE COLLECTION OF PERNELL IDENTIFIABLE INFORMATION AND THE DATA. THERE IS A NUMBER OF NATIONAL SECURITY CONCERNS THAT MAKE IT LIKELY THAT COME NEXT YEAR, TIKTOK AS WE KNOW IT WILL NOT OPERATE IN THE UNITED STATES. >> THAT IS AN EXCELLENT POINT. NALAY, DO YOU AGREWITH THAT? YOU CAN'T FORCE CHINA TO SELL ANYTHING. THEY CAN JUST SHUT IT DOWN. THEY DON'T REALLY WANT YOU TO KNOW WHAT IS UNDER THE HOOD HERE. >> YEAH. CHINA AND BYTEDANCE HAVE HAD THIS DEAL WITH ORACLE FOR QUITE SOME TIME, PROJECT TEXAS. PROJECT TEXAS IS KIND OF A SHAM. THAT'S ALL OF THE REPORTING RECENTLY. AND WHAT IS MORE LIKELY IS YOU CAN HAVE THE BASIC DATA BUT WE WILL DEEP THE ALGORITHMS TO OURSELVES. THERE ARE ONLY A HANDFUL OF THINGS THAT OVERCOME THE FIRST AMENDMENT, PORNOGRAPHY IS ONE OF THEM, THINGS THAT THEY CAN REGULATE DIRECTLY. THERE ARE VERY FEW THINGS BUT FOREIGN MEDIA OWNERSHIP IS ONE OF THEM. THERE ARE RULES ON HOW MUCH MEDIA FOREIGN ENTITIES ARE ABLE TO OWN AND EVEN CONCENTRATION OF MEDIA IS A CONCERN AND LONG SINCE RECOGNIZED IN THE COUNTRY. YOU WILL HEAR BYTE DANCE MAKE A LOT OF NOISE ABOUT THE FIRST AMENDMENT AND YOU WILL SEE
