Tick tock on the clock.
President Trump speaking with China's Xi Jinping on Friday.
Both sides saying the call was productive and constructive, though concrete agreements remain pending.
Oracle's stock holding above the $300 level, with the tech company likely to be responsible for hosting and managing all TikTok data from American users on its Texas-based infrastructure.
Trump also saying media moguls Rupert Murdoch and his son, as well as tech entrepreneur Michael Dell. are part of the group taking control.
Meanwhile, Trump receiving the royal treatment in the UK last week.
Trump meeting with Prime Minister Keir Starmer as Microsoft announced a $30 billion investment in the country.
Well, joining me this morning from London is Patrick L.
Young, chairman and founder of Exchange Invest.
Patrick, good morning.
Good afternoon to you.
Thank you so much for joining me.
So I do want to get your takeaways from Trump's phone call with Xi Jinping.
So where do relations actually stand between the two?
Obviously, as always, it's very difficult because we've got two very enigmatic people here, but nonetheless, things seem to be on the right track.
We don't have total agreement on everything, but lots of talk about meeting here, meeting there, South Korea soon, trips to China possibly for Trump next year, trip by Xi to the USA next year.
Also very interesting in the light of certain talk about Xi.
Himself being troubled with health issues and other political problems.
So what we've got ultimately is it seems to me a rapprochement driven through the practicality of the Chinese need to export great things to America.
And at the same time, the United States of America doesn't want to see China going completely crazy and doing something like invading Taiwan.
Well, Patrick, as you mentioned, enigmatic people, tell us about Larry Ellison's Oracle involvement with TikTok and also apparently the Murdochs and Michael Dell may also be part of the group.
So tell us a little bit more about this and your expectations moving forward.
Here we have a very, very interesting put together of a series of people who for very reasons realize that old media just doesn't cut it, and in many ways they've been straddling the edge of the digital age, but they've been somewhat reluctant or incapable of getting into the total all in social media age.
Therefore, seeing Murdoch pair and the, and I mean, let's face it, an incredibly shrewd pair of deal doers looking towards these sorts of short video platforms is a very interesting move away from what Has been in recent years a Murdoch strategy towards owning the 24/7 kinds of classic TV and radio channels that they've been trying to develop with mixed results around the world apart from, of course, Fox News.
At the same time seeing the likes of Larry Ellison coming in here, well, why not?
I mean, he's a man who's got a great deal of storage.
He's got a huge understanding of processing and databases, and therefore he's ideally placed as someone.
Of an independent global businessman who happened to be flying the American flag, not just on his yachts, but on his corporation in order to come forward and try and take TikTok forward where obviously there has been huge suspicion about the Chinese algorithm in various parts, but at the same time, of course the Trump MAGA machine recognizes that TikTok was good for getting their vote out in 2024.
And Patrick, this morning you are joining us from across the Atlantic.
So tell us what you made of Trump's state visit to the UK last week and also his meeting with King Charles, as well as Prime Minister Keir Starmer.
I think President Trump had a great visit there last week.
Fantastic, huge.
All those Trumpian adjectives can be used, but it was hugely successful in perspective of what he did with the British Prime Minister, he frankly kept the British Prime Minister in office because at the moment Keir Starmer is in meltdown.
He probably won't survive.
He won't survive a full term, as I've always said.
He probably won't survive the year with the way things were looking until Trump arrived.
But somehow Trump managed to smooth him across local political issues with the resignation.
His his ambassador to Washington who's embroiled in the Epstein files, etc. etc. and actually Trump was remarkably capable of making Keir Starmer look competent, which is quite an achievement.
I think the interactions with the King of England shows the king's own long-term ambition for the monarchy, his understanding of the dynamics of what went on, and then out the back, what did we see?
Of course, the contrails of trade being raised.
One of the big terms, of course, you were mentioning at the start was this Microsoft deal.
Why are we seeing Tech companies so interested in investing in the UK, it's not necessarily because the UK is the most attractive game in Europe.
It's because the UK is no longer part of the European Union and therefore the UK is not yet trying to regulate AI in an all-encompassing fashion as the European Union is, which is making a great deal of international tech groups, particularly from the US, hostile and wary of doing business across the English Channel from the UK.
Well, Patrick, we will have to leave it there for today, but thank you so much for joining us and as always, thank you for sharing your perspective.
