CNBC's Emily Wilkins joins 'Squawk on the Street' with breaking details on a senior White House official saying that the U.S. government will not take equity in the expected TikTok joint venture.

Washington

Senior White House officials have provided new details regarding the structure of the proposed TikTok joint venture in the United States. Oracle will act as the security provider, and the venture will be majority-owned by American investors, with Silver Lake named as one of the participants. 

Officials confirmed that the U.S. government will not take an equity stake or have a representative on the board of the new entity. While there is ongoing speculation about potential fees or other forms of government involvement, no specifics have been confirmed. More details about the deal and its participants are expected to be released soon.

WH official: U.S. govt will not take equity in TikTok joint venture

We have some breaking news now on TikTok. Let's get over to Emily Wilkins for that. Emily. Hey, David. Well, yes, the White House is releasing some new details about the TikTok deal this morning, including, of course, the role that Oracle is going to play. Oracle is going to be the security provider for TikTok, according to senior White House officials. And this is going to come in a larger structure where TikTok as a company, at least in the US, is going to make sure that it's a majority of American investors. Now, they don't know all of the investors that are going to be a part of it. But one name that did come up, Silver Lake, that they are going to be a part of this venture. And they expect to have more details for us later this week. Trump himself is expected to sign an executive order finishing up the deal. The adviser said that there is no more talks expected between the US and China, that they're simply wrapping things up at this point. And we're expecting to get more clarity about what other companies will be involved in this new venture. We may get that he mentioned Murdoch. Of course, actually, Fox potentially. He also said Michael Dell. Neither one of those that I had heard in the last week or so of reporting. Emily, it's going to be a little while till the deal actually closes. We should make that point. You can agree on all the terms and everything else. But it's still going to be a bit till the deal closes and the actual control change takes place. And around that, there is this reporting that has the US government potentially getting a fee. Is there any reporting you have on that or what that could look like? One thing that actually did come up this morning on the call was exactly how much the US government is going to be involved within this new structure. And what they said is that at this point, there isn't going to be a US representative that's going to be on this new board. It will be a majority of Americans and other investors. But there will not be someone from the US government. But I think we're still looking to see if there's any information in terms of a fee or in terms of if the government might wind up having some sort of share in this final agreement. OK. Emily, thank you. Emily Wilkins in DC.

President Donald Trump urged Attorney General Pam Bondi in a social media post to move forward with cases against several people connected to the U.S. government. CBS News justice correspondent Scott MacFarlane has more.

Trump urges Pam Bondi to go after his political foes

Russia is denying that its planes entered Estonian airspace on Saturday, according to Kremlin spokesman Dmitry Peskov, but Estonia's foreign minister is saying the government has "irrefutable evidence" of the incursion.

Moscow

Ukraine Invasion

Russia denies violating Estonian airspace

U.S. President Donald Trump was the final speaker at a politically charged memorial service for conservative activist and MAGA influencer Charlie Kirk that also included words of forgiveness from Kirk’s widow as well as remarks from the vice-president and one of Trump’s sons.

Glendale

Trump closes out Charlie Kirk memorial

Media mogul Lachlan Murdoch and business leaders Larry Ellison and Michael Dell would be involved as U.S. investors in a proposed deal to keep TikTok operating in the United States, according to President Donald Trump speaking to Fox News channel.

Trump says Murdochs would be involved in TikTok deal

Portugal, the UK, Australia and Canada joined over 150 countries that now recognise a Palestinian state. The announcements come ahead of the United Nations General Assembly in the week ahead.

Lisbon

Portugal formally recognises Palestinian state

Police say a 23-year-old was arrested and charged Sunday night with second-degree murder after one person was killed and several others were injured in a shooting at a New Hampshire country club. Witnesses say the shooter said “free Palestine” and before opening fire.

Nashua

Suspect yelled 'free Palestine' before country club shooting

President Trump is demanding that the Justice Department go after his political rivals following a shakeup in the U.S. Attorney's Office in Eastern Virginia. Willie James Inman reports.

Trump pressuring Justice Department to pursue his political foes

President Trump, Vice President JD Vance and several others remembered Charlie Kirk at a memorial service in Arizona that was attended by thousands.

Phoenix

Trump, others remember Charlie Kirk at memorial service

The United Kingdom, Canada and Australia officially recognized Palestine as a state Sunday, a move that has long been opposed by the U.S. and Israel. More countries are expected to do the same this week as world leaders gather in New York for the U.N. General Assembly.

Tel Aviv-Yafo

Middle East Conflict

Israel continuing assault on Gaza after countries recognize Palestinian statehood

A group of US Republicans has sent a letter to France, Canada, the UK and Australia, urging them to re-consider their decision to recognise a Palestinian state.  It's warning there may be consequences if the countries move ahead with plan at the upcoming UN General Assembly.

US Republicans warn allies over decision to recognise Palestinian state

Britain, Canada and Australia all recognized a Palestinian state on Sunday (September 21) in a move borne out of frustration over the Gaza war and intended to promote a two-state solution, but which is also bound to anger Israel and its main ally, the U.S.

Britain, Canada and Australia all recognize Palestinian state

The President of the Palestinian Authority, Mahmoud Abbas, will address the UN on Monday, after the General Assembly voted to allow him to join remotely. The U.S. has refused to issue him a visa to attend in person.

New York

UN approves video address by Palestine’s Abbas after U.S. visa refusal

Sixty nations have agreed to a new treaty aimed at protecting marine biodiversity in international waters. But the strength of the deal governing the high seas is uncertain as some of the world’s biggest players - including China, the U.S., Russia and Japan - have yet to ratify.

Nations ratify world's first treaty to protect international waters

A cyberattack on a provider of check-in and boarding systems has disrupted operations at several major European airports including London's Heathrow, the continent's busiest, causing flight delays and cancellations on Saturday (September 20).

London

Travelers stranded as cyberattack disrupts major European airports

The high seas will soon have their own Conference of the Parties (COP). This new body will oversee the implementation of the Agreement on the Conservation and Sustainable Use of Marine Biological Diversity of Areas Beyond National Jurisdiction, which is scheduled to enter into force in early 2026 after the legally required 120-day period.

Manhattan

Optus, Australia's second-largest telecom carrier, promised on Saturday "full cooperation" with official investigators, after an outage disrupted emergency call services for 13 hours. Four people died amid the technical failure, including an eight-week-old boy.

Melbourne

Telco vows to cooperate after deadly outage

Dozens more Palestinians have been killed in Israel’s military offensive. Amid mounting international criticism of Israel, there has been a renewed push for a two-state solution, with Portugal being the latest advocate.

Two-state solution gains support as IDF moves on Gaza City

Charlie Kirk will be mourned in a massive public memorial in Phoenix, Ariz., on Sunday. With U.S. President Donald Trump and other top U.S. officials attending, the event is expected to bring significant security concerns.

Thousands set to attend Charlie Kirk's public memorial

Russia has launched more than 600 attacks on multiple cities across Ukraine. President Volodymyr Zelenskyy is renewing calls for more support, and warning allies that defending Europe means defending Ukraine.

Kyiv

Russia launches mass strikes across Ukraine

A cyberattack has disrupted air traffic at several airports in Europe. Check-in and boarding systems went down in London, Brussels and Berlin. Europe’s aviation safety organisation says airlines were asked to cancel 50% of their flights to reduce pressure on the system.

Heathrow Airport

Flight chaos as UK, European airports hit by cyberattack

Three Russian military jets violated NATO member Estonia's airspace for 12 minutes on Friday in an "unprecedentedly brazen" incursion, its government said, the latest in a series of recent military actions by Russia that have rattled the alliance.

Tallinn

Russian jets enter Estonia's airspace in latest test for NATO

President Trump said Friday that he and Chinese President Xi Jinping "made progress" on a deal over TikTok ownership, and that he would visit China early next year.

Trump says he and Xi Jinping 'made progress' on TikTok deal

The apparent remains of Travis Decker, the man suspected of killing his three daughters in Washington state, have been located and are undergoing DNA testing. A manhunt has been underway for Decker since his daughter's bodies were found in June.

Remains of father suspected of killing 3 daughters found

Three Russian MiG-31 fighter jets lingered in NATO-member Estonia's airspace for several minutes on Friday, according to Estonian authorities. Italian F-35s responded.

NATO defences triggered amid Russian airspace violation

Fellow comedians Jon Stewart and Jimmy Fallon mocked U.S. President Donald Trump Thursday after Jimmy Kimmel Live! was pulled off the air on Wednesday by ABC following Federal Communications Commission pressure.

Late-night hosts mock Trump as outrage over Kimmel grows

International sanctions imposed on Iran before the 2015 nuclear deal, could be reinstated within days. The United Nations Security Council has voted against lifting sanctions permanently, because of the country's nuclear programme.

Tehran

Sanctions to hit Iran again after UN vote

Washington has accused Venezuelan President Nicolas Maduro of being involved in drug trafficking - a claim he denies. In recent weeks, the US military has been building up its presence in the Caribbean. Venezuela has responded by holding military drills.

Caracas

Venezuela orders three-day drills amid U.S tensions

A Republican measure to keep the government funded until Nov. 21 stumbled in the Senate after clearing the House, leaving lawmakers without a clear path forward to avoid a funding lapse at the end of the month.

Government shutdown looms after GOP funding bill fails in Senate

In suburban Chicago, tensions boiled over as authorities unleashed tear gas and pepper balls to break up a crowd that was trying to block vehicles outside a U.S. Immigration and Customs Enforcement building.

Chicago

Tensions boil over as protesters clash with authorities outside Chicago ICE facility

Gunfire struck the building that houses the ABC 10 TV station in Sacramento on Friday afternoon. No one was injured.

Breakdown