Kristen Scholer, Hive editor Jon Kelly, and the VF Hive panel discuss the top five stories of the week in technology, politics in business. Nick Bilton reports on his story about Donald Trump's threats to devalue the social media platforms that gave him his rise. Nick also weighs in on early Facebook executive Chamath Palihapitiya's assertion that social media is tearing society apart. Scholer, Kelly and Bilton discuss whether that's true, and whether Facebook and Twitter will reach an inflection point. Hive panelist Bess Levin talks about the latest trouble in Trumpland, with commerce secretary Wilbur Ross being accused of insider trading. Abigail Tracy reports on her story about Nikki Haley's potential political ambitions in 2020. T.A. Frank winds up the Hive 5 with his analysis of the recent Senate Special Election in Alabama. Frank and the panel discuss Roy Moore's defeat and unlikely victory for Democrat Doug Jones. They cover the potential for future Democratic victories in Alabama, as well as Charles Barkley's message to the state prior to the election.

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Closing Bell: May 29, 2018
ABC is canceling its hit show 'Roseanne' after the sitcom's star Roseanne Barr made racist comments on Twitter. The company released a statement saying, "Roseanne's Twitter statement is abhorrent, repugnant and inconsistent with our values, and we have decided to cancel her show." Disney CEO Bob Iger chimed in to voice his support for ABC's decision. Barr has apologized for her comments about former Obama aide Valerie Jarrett. Facebook is reportedly getting ready to launch its WhatsApp Pay service in India. The company could introduce the payment service across the country as soon as next week, according to Bloomberg. WhatsApp Pay was launched in February of this year and has received rave reviews. Around 200 million people already use WhatsApp's messaging service in India. Budweiser is introducing a new beer to its Reserve Collection. Proceeds from the new Budweiser Freedom Reserve Red Lager will go towards helping veterans. Ricardo Marques, VP of marketing at Budweiser, joins Cheddar to explain why this is an important mission for the company.
Weinstein Far From Convicted, Ex-Prosecutor Says
Disgraced Hollywood producer Harvey Weinstein was arrested last week on charges of rape and a criminal sex act but the New York District Attorney's office may have a difficult time convicting him, says former U.S. prosecutor Jonna Spilbor.
European Uncertainty and Trade Tensions With China Weigh on Markets
Political turmoil in Italy and U.S. tariffs on Chinese imports dragged down the Dow Jones and the S&P 500 by more than 1 percent on Tuesday. "It's kind of been the one-two punch," says Daniel Ives, chief strategy officer and head of technology research at GBH Insights.
North Korean General's Visit Could Revive Summit
North Korean General Kim Yong-chol, often referred to as Kim Jong-un's right-hand man, will meet with Secretary of State Mike Pompeo in New York later this week. This shows "a sense of willingness" on both ides to make the historic U.S.-North Korea summit happen, it's just a question of when, says Martyn Williams, a journalist at IDG News Service.
Europe's GDPR a 'Hard Reality Check' for Facebook and Google
An Austrian privacy activist filed lawsuits against the tech giants as soon as the General Data Protection Regulation (GDPR) went into effect at midnight, accusing the companies of failing to comply. "This is a very hard reality check for companies, not just abroad, but in the U.S.," says Andrew Rossow, internet attorney and Forbes contributor.
RNC: Trump's North Korea Decision Is 'Good Negotiating'
A day after President Trump canceled the North Korea summit, Kim Jong-un said he is still willing to sit down with the U.S. president "at any time." This outcome is what "good negotiating looks like," says Kayleigh McEnany, spokeswoman for the Republican National Committee.
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