Julie Morgan

A link to the news quiz is in the show notes section.

And on today's economic calendar at 10 a.m., construction spending.

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I'm your host, Julie Morgan.

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Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning.

Thanks so much for joining us on this Friday, December 19th.

I'm Julie Morgan.

TikTok locks in a U.S.

deal, Instacart agrees to a $60 million settlement, and Nike beats expectations but still faces pressure.

The CEO of TikTok has announced that parent company ByteDance has signed binding agreements to create a U.S.

joint venture that will be majority owned by American investors.

In an internal memo to employees, he said he was pleased to share some great news, confirming that agreements with Oracle, Silverlake and MGX have been finalized.

According to the memo, the new U.S.

joint venture will be built on the foundation of TikTok's existing U.S.

data security organization.

Once the deal closes, it will operate as an independent entity with authority over U.S.