In case you missed it: There was an executive order issued by President Donald Trump last night.
President Trump further stoked political tensions with Beijing by issuing and Executive Order banning China-based social media apps WeChat and TikTok.
“To protect our Nation, I took action to address the threat posed by one mobile application, TikTok," Trump said. "Further action is needed to address a similar threat posed by another mobile application, WeChat."
The decision, which will be challenged by owners Tencent Holdings and ByteDance, will come into effect in mid-September, around the same time Microsoft is expected to either complete its purchase of TikTok or walk away from a transaction that was essentially forced by the White House.
"We are shocked by the recent Executive Order, which was issued without any due process. For nearly a year, we have sought to engage with the US government in good faith to provide a constructive solution to the concerns that have been expressed. What we encountered instead was that the Administration paid no attention to facts, dictated terms of an agreement without going through standard legal processes, and tried to insert itself into negotiations between private businesses," TikTok wrote in a post on its site.
China vowed to hit back at President Donald Trump's potentially sweeping ban on social media apps TikTok and WeChat, calling the Executive Order which bars them from dealing with U.S. companies or markets as "using state power to oppress non-American businesses."
But with the ongoing talks between TikTok's owner, ByteDance, and Microsoft on a potential sale, is it too soon to start buying Microsoft?
In the video above, Jeff Marks, senior analyst for Jim Cramer's Action Alerts Plus charitable portfolio, breaks down why a potential TikTok acquisition might not be priced into Microsoft's stock yet.
You can follow Katherine Ross on Twitter at @byKatherineRoss.