Trump says he wants to ban TikTok app

What he's saying:

"As far as TikTok is concerned we’re banning them from the United States. ... Well, I have that authority. I can do it with an executive order or [emergency economic powers]."

Earlier on Friday, reports emerged that Microsoft is in talks to potentially acquire TikTok from its parent company, Bytedance (a group of investors has also reportedly made a bid).

• Yes, but: The president made it clear during his comments that he's not in favor of such a deal that would result in the company having American ownership (a process that would be subject to review by the Committee on Foreign Investment in the United States).