Faber Report: Microsoft & TikTok, Teladoc CEO & Livongo Executive Chairman on Mega Deal, Nikola Executive Chairman as Stock Tanks

Published: Aug. 5, 2020, 2:13 p.m.

b'Carl Quintanilla, Jim Cramer and David Faber dig through the massive movers and deals of the morning.\\xa0Teladoc and Livongo announcing they\\u2019re merging in a deal worth $18.5 billion.\\xa0The CEO of Teladoc and the Executive Chairman of Livongo joining the \\u201cSquawk on the Street\\u201d team to discuss the deal and future of the newly combined company.\\xa0A Faber Report to kick off the morning on Microsoft & TikTok.\\xa0David\\u2019s sources telling him Microsoft & Bytedance hope to reach a deal in three weeks and the focus has been on a deadline to transfer software code.\\xa0Shares of Disney surging after reporting results.\\xa0The company revealing 100 million streaming subscribers and its plans to launch a new streaming service.\\xa0Disney also announcing it\\u2019s highly anticipated \\u2018Mulan\\u2019 is finally heading to Disney+ for $29.99.\\xa0Plus, shares of Nikola getting hammered after its first financial report since going public.\\xa0The Executive Chairman of the company joining the show to discuss the road ahead and how pandemic-related supply-chain disruptions impacted the company.\\xa0Volatility reins for shares of Novavax as the company\\u2019s coronavirus vaccine generates promising immune response in its early trail.'