we wonder if the s.e.c. was listening. from new york, this is bloomberg. >> here are some other sthiers we are following. cuts are coming at peloton. they are slashing prices for their major hardware product. the treadmill is being reduced by $150. the bike is being reduced by $500. peloton is rising the price of its monthly subscription, part of a comeback plan aimed at generating more revenue. coming up, elon musk's attempts to take twitter private. sounds familiar doesn't it? that is next. this is bloomberg. ♪ caroline: welcome back. let's get back to the top story. elon musk and a $43 billion bi to take twitter private. take us back to basics. what does he want to change about the platform? >> i have breaking news first. according to sources inside the room, twitter ceo is speaking to staff telling them the board is going through a rigorous process of evaluating elon musk's bid. what we can get from that, at least the idea of the bid is still alive at this stage. it is being considered by the board. there are four key

the s.e.c. and file new paper work to be in compliance twitter, by the way, is coming off its second best day ever since going public manhattan residential real estate is up 3% this morning sales topped $7 billion in the first quarter. the strongest start to the year. that is according to data from miller samuel. sales were up 46% in the first quarter with volume surges 60% of60%. the average price of the apartment in manhattan is north of $2 million. >>> and amazon is banning words like union, restroom, pay raise and plantation in a statement to cnbc, they say there are no calls for the words to be screened the words screened are offensive or harassing that is if the program launches at all brian, amazon shares this morning are flat over to you. >> going back to the elon musk thing. he put out the poll of what he wants to twitter and misspelled yes. that is him. he was tweeting in bars in berlin that is his misspelling. not us he tweeted it out at 8:00 p.m. here that would have been 3:00 a.m. i

and i don't mean to blame everyone at s.e.c. but san francisco office because s.e.c.ecure but they've pursued an active public investigation nonetheless. at the time tesla was in a precarious situation and told by the banks if i did not agree to settle with the s.e.c. they, banks would cease providing working capital and tesla would go bankrupt immediately. that's like having a gun is to your child's head. so i was forced to conceive to the s.e.c. unlawfully, those bastards. and, and -- now they think -- it makes it look look i lied when i did not, in fact, lie. i was forced to admit that i lied to save tesla's life and that's the only reason [ applause ] >> given what's actually happened to tesla since then, though, aren't you glad that you didn't take it private >> yeah. i mean -- it's to put yrs in a position at the time tesla under the most immense short seller attack in the history of the stock market. the barrage of negativity that tesla was experiencing from short selling on wall street was beyond -- tesla was the most shorted stock in history of the stock mark

and he will continue to have problems with the s.e.c. taking this company private will not subject him to public company regulation, but the process may have included violations of law that he will have to address and redress if the s.e.c. so chooses. >> right violating that rule of disclosure that you need to basically telegraph to the market your intentions on taking that stake what about the fact, harvey, that he is now going to be the ceo of tesla, running spacex, the boring company he regularly uses twitter to promote and hype some of these companies. is that an issue for regulators to take up here? >> i wouldn't think so i think that's a stretch he is really seen as an idea man and not as a hands-on corporate technician he has other people to do the technical things and musk has been a big picture type of person so i would think that there's, you know, some people may question whether he is spreading himself too thin, but my guess is that that won't present a single regulatory hurdle for him to get over. >> no, it's that disclosure

elon musk is not afraid of the s.e.c. in fact, he tweaks the s.e.c. on twitter. when you are the world's richest person, and i would be afraid of the s.e.c., but apparently the world's richest person isn't. >> his attitude -- >> is something. >> there's a lot i could say, but i don't want to say. >> thank you, scott. >>> this morning youtube back online after an outage disrupted certain features for thousands of users across the platform. users were unable to log in and switch between accounts or use the navigation bar. several also reported problems accessing youtube tv. it's unclear what caused the outage. >>> trending this morning, a popular doughnut chain trying to make life sweeter inflation. >> it's doughnut deflation. each wednesday through may 4th, krispy kreme is offering a dozen doughnuts for the price of a gallon of gas that week. yesterday it would have cost you $4.11. thankfully prices are not bay area averages or it could have cost you $2 more for that. >> that's one way i guess we could enjoy the national average prices. >> i just want to know is t

>> i read the s.e.c. filing. >> i thought it was the passive. >> i didn't see it mechantioned. >> it's only two pages >> he left that out. i thought he is not declaring he is passive >> we will see >> we will wait. >> my question is did you vote for the edit button? >> i didn't. >> i did i said yes >> that will allow you to not delete the tweet >> right you can just edit the tweet. >> you can adjust it. >> it's nice for typos >> an engineer at facebook who wrote back and said one of the things you could do is set up so you edit it and like facebook, you could keep a scroll of the old. how did elon respond he said facebook gives me the w willies. facebook is not his model. he said that a long timme ago h was off facebook >> i was looking at it figuring out my kansas read to get everything right we got some of the wrong numbers. we'll get to that in a second. i'll go back to elon it was 1963 the last time they came back from 16 points. >> at half >> not at the half they had been down as much as 16 the last

he doesn't really respect the s.e.c. when you look at the board, every single one of those people, they're from a world where this doesn't happen. they're not going to suddenly change their stripes, carl >> david, it kind of also raised the more theological question about what's the best ownership structure for the company, period fred wilson this morning, founding investor, twitter is too important to be owned and controlled by a single person. the opposite should be happening. twitter should be decentralized as a protocol. power is an ecosystem of communication products and services we're back to a theoretical discussion of who owns the public square? >> without a doubt i mean, if we were to get to that point, there'd be a lot of debates in terms of whether it is good for society to have the world's richest man own a powerful platform like this. although, on a regulatory side, it is unclear there would be any true impediments were they actually to agree to a go private with mr. musk. unclear whether we're going to get

that way is because musk is going to be in court with the s.e.c. next month and the shareholders are saying, let's not tweak government agents just weeks before you're supposed to go to court against them. the former chairman of the s.e.c. said in an interview, it's childish, immature, narcissistic. musk is obviously a man of great imagination, but he needs to stop acting like a child and start acting like an adult. netflix in los gatos will open its financial books to investors and reporters this afternoon. that company's stock is down about 20% since january on slowing subscriptions. netflix says price hikes are keeping some people away. the white house press secretary jan psaki says the biden administration may delay the repayment of student loans again or forgive them altogether. the biden white house has already delayed the resumption of repayments four times. the new due date is at the end of august. but psaki tells the podcast they may be delayed in perp put. "new york times" points out one downside to letting people save $600 a month is tha

president biden with a pair of nominees serving at the s.e.c. silvana henao is here with that. >> reporter: the president is helping to fill key positions. tapping to fill the seat of outgoing lee the president also picking an s.e.c. attorney temporarily working with the senate banking committee staff. both will need to be confirmed by the senate before taking the position >>> the army corps of engineers is withdrawing the permit for spacex the move is made after the company failed to provide environmental information to the agency requested spacex was looking to build several pieces of launch related infrastructure elon musk previously threatened to move operations to florida if the approval didn't happen in texas. >>> and samsung is projected a record revenue for the first quarter results. it expect a 50% jump in profit from the previous year frank, it is citing memory chips and latest on smartphones out later this month >> thank you, silvana. turn our attention to d.c. sanctions against russia describing major war crimes in ukraine. nbc's rie

a judge rejected must's request to ditch a settlement with the s.e.c. in 2018.it requires a company lawyer to screen all of his tesla related tweets. a mosque has been battling with the s.e.c. since he tweeted to take tesla private. the regulators sued saying mosque misled investors. violating his right to free speech. he only agreed to it because litigation would be a final chilled water on tesla. the judge said none of his arguments hold water. facebook shares jumped nearly 20% in after-hours trading despite parent company meta- reporting mixed results. meta's profits were down 21% from a year ago. still, investors were happy with meta's user numbers, daily active facebook users grew 4% from last year. >>> it was a much quieter day on wall street after those huge losses yesterday. the dow gained a bit of 60 points. the nasdaq was really flat. and the s&p was up by eight. >>> now that the drought emergency in southern california is biggest water supply are cracking down on water use. 6 million customers will be required to cut outdoor watering to once a week. t

especially investors people look and say if he's going to battle with the s.e.c. on this what are regulators who are involved with twitter going to say if he gets control of that company >> no doubt. chris andersen did ask musk if this chat if he had a plan b for twitter and musk paused and said yes. but didn't elaborate care to fill in the blanks >> no. i don't believe him. he might have a general sense. he didn't have a plan "a" until a few days ago he agreed to join the board and chris andersen mentioned that musk said he had no interest to buy twitter. plan "a" is aame ob ic. asked about strategy he hemmed a lot. i think plan "b" is down the road plan "a" is not settled. >> today, downgraded twitter basically saying that if musk pulls this off it detaches the company from the fundamentals. why do you say that? >> i think i'm talking about the current price action is detracted from the fundamentals. everyone is focusing on elon about the musk and near term there's confusion for employees internally especially because they're an ad focused business and a tweet t

the s.e.c.ht have questions about that that might have played poorly with the fiduciary duty to the shareholders we take a guess. musk is not tied to the 14.9% stake. if he wants a controlling stak of twitter and take it private, he can afford to do it with hundreds of billions to spare. they know they have a fight ahead. i don't think this was as passive as corporate a move as they might feel and they are forced to make it up. >> i 100% agree, alex. you talk about the statement from the ceo of twitter. it was almost like, i don't want to call it threatening to musk, but talk about duty and this and that you wonder we will give you the board seat, but we have to investigate a lot of things in your back ground and past and you and dig into things you may chooses to not dig into. musk probably said no thanks >> right exactly. the board seat was always openly an effort to tie musk's hands. it looks like the top line of no more than 14.9% was a deal he w wanted to agree to, but going forward would b

so far he has been able to speak freely on twitter, to the point where the s.e.c. has accused him of crimes because of what he's tweeted, but he has still been able the stay on twitter. he has been sued because of what he said on twitter, but he still able to stay on twitter. so it feels like elon musk has been pretty free. and we also know that he is really good in the business world. i think he is trying to bring those two things together, which has a lot of people inside twitter nervous. >> yeah, it's interesting. when it's a business deal, it doesn't affect all of us. but when it comes to free speech, in theory it does affect all of us. if elon musk does take over twitter, does he allow everyone back on the platform, including former president trump? >> well, that remains to be seen whether he'll let everyone back on the platform. but regardless, there is always limits to all of these platforms, right. just the very fact that we have only a certain amount of carobs characters, or as a business model privileged content which means other content is privileged les

could the s.e.c.uld the government agency be allowed to include such a provision in a settlement? >> the persons agreeing to the settlement they are agreeing to the settlement it happens in the private sector a lot. people leave a company >> it does there are lawsuits now against the s.e.c. that may go to the supreme court on this issue. when you talk about free speech. curious where you land. >> i hope we can stack the court better by the time that comes up >> it is already there >> we need to get the right people on there. 16 or 17 of them >> i'm confident if it gets to the supreme court, the current justices would say such a settlement is illegal >> will clarence thomas still be allowed to be on the supreme court in your world because of his wife this is going to go off the rails. >> he is there it's a fascinating issue >> it is you are talking about settlements that both sides agreed to. >> then the question is if that is true and how do you feel about elon musk? >> which one 2018 >> he is clearly

a new s.e.c. stake in the company no comments as of yet from either twitter or musk on this twitter shares have hit an all-time high. they're up 21% right now mike santoli joins us with more. there's a movie to make those mean stocks. >> becky, one of the reasons a mere $3 billion or so can buy a 9% stake in twitter is it's stagnated since it's been a public company facebook is at scale before today let's move, it's a little over a $30 billion market cape, 1/20 is even after facebook's big slide since it first traded in late 2013, it's been more or less flat, but volunteer within i i do want to point out this little blip right there. in 2016 when the company was said to be in play when salesforce was thinking about buying twitter, it has happened every couple of years that some strategic or other minded investor decided if this is the place where the global conversation is happening and the company has not been able to match my valley of that or run it correctly, that was a very short-lived thing.

we have our former s.e.c. chair jake claden who's going to be joining us as well u.s. 25 points, nasdaq off by 105 points the treasure yeah yields as we watch to see whether it's in standings. we're looking at the ten-year. 2.759. the 2-year, 2.580. some other zbik stories, twitter shares, they're lower this morning. that's on the become of some news that elon musk has now decided, he seas, not to join the board of twitter the twitter ceo saying muffing remains twitter's largest shareholder and the company will remain open to his input here's what he wrote in a late night message, quote, we are excited to collaborate and are clear about the risks. we also believe having elon as a fiduciary of the company where he like all board members has to act in the best interests of the company and all our shareholders was the best path forward. it's just one week ago we learned of musk's 9% stake in twitter. joining us in the last hour, dan ives said he thinks six months from now muffing will own a bigger chunk of the company, not less. >> i think this is not him going home and g

there are demands for that the s.e.c.tion, we don't want it we are happy with thebitcoin futures etf. we will have michael on, who is the ceo of grayscale bitcoin trust. they have an application in front of the s.e.c. right now. they have until july 2nd to approve it sonnen shine is telling me, if they don't approve a bitcoin etf for them by july they are going to turn around and sue why? what legal grounds we'll talk at 12:35 eastern time about why he is going to sue if he doesn't get that and we will also be talking with the conference organizers about what we do with the bond et cetera at new lows a lot of people here and nice to get out of new york. carl, back to you. >> bob, the one conference you never seem to miss and who can blame you? bob pisani down in florida. >> here i am. >>> take a look at our roadmap the rest of the hour, including a closer look at the fed's ongoing fight against inflation ahead of cpi tomorrow. >> plus, a lot morning that mega media closing of the merger warner bros. discovery trading toda

. >> if you're a privately run company without any s.e.c. oversight, you can do a lot of what you want. >> reporter: musk has argued the company needs to be a better platform for free speech around the world. >> it's just really important that people have the-- both the reality and the perception that they're able to speak freely within the bounds of the law. >> reporter: twitter's board is considering musk's offer, but that could take time, and musk may not want to wait. >> it sounds like if he cannot get a deal consummated in some timely fashion, that he's going to pick up his marbles and go home. >> reporter: and it's unclear how much money he has available to him right now. much of his stake in his net worth is tied up and linked to tesla. he would have to sell off a significant part of that share in order to finance this deal. major. >> with important context. jonathan vigliotti, thank you. >>> there is a lot more news ahead on the cbs "overnight news." what if your entire day glided like new dove men ultimate? its hydrating water-based

these rules impact every asset class under the s.e.c.' complexity of the rule makings compounded with the short and simultaneous comment periods and i know that short in in cases simultaneous comment periods could negatively impact markets and the public that depends on. it is important for congress to be able to fully understand the impact and potential unintended consequences of the s.e.c. sweeping new proposals so here is my question, secretary. can you speak to the importance of market liquidity during times of massive economic uncertainty? >> well, certainly, having liquid markets is extremely important to businesses and consumers to be able to engage in financial and transactions that they count on to deal with risk so i certainly agree with the idea that that should be and is an important priority. >> and i realize you're not on the s.e.c. but the current approach, i worry, could rattle markets by rolling out current approach i y could rattle markets during a time when strong capital markets are essential for our constituents growt

he's already paid $40 million in fines to the s.e.c.e constantly violates the settlement for that issue. he doesn't really -- i mean, for him, all these fines and stuff are parking tickets because he's so wealthy. he doesn't really care. >> lynette, thank you. >>> next, a look at where we are with covid across america, and we'll explain why our next guest argues that the vibe has shifted, but first a preview of what else to expect tonight here on msnbc. >> tonight at 8:00 p.m. eastern, i will be joined by the new york viral hero when he called police when he spotted the alleged subway shooter. that's tonight at 8:00 p.m. here on msnbc. (fisher investments) nope. we use diversified strategies to position our client's portfolios for their long-term goals. (other money manager) but you still sell investments that generate high commissions for you, right? (fisher investments) no, we don't sell commission products. we're a fiduciary, obligated to act in our client's best interest. (other money manager) so when do you make more money, only wh

he's gotten into trouble with the s.e.c. and everything else. >> yeah. company is elon. the company is elon and everybody -- do you know any other -- i do, but most people don't know any other executive there. elon does what elon wants. he's been very successful in a lot of areas, and if he feels like doing this, this is what is going to be happening. >> regulators be damned. >> the s.e.c. in particular. >> kara swisher, thank you so much for being on. it's great to see you. >> as always. >> come back. >> you know why elon doesn't care about anything? as of this morning, he's worth $282 billion, which is $100 billion more than jeff bezos in second place. >> what? >> help me out because i'm just a simple guy, right. i don't really follow this money thing very much. but, like, did elon make all that money from tesla? >> is kara still there? >> rocket ships and stuff like that. >> but where did he make -- because last night i checked it was gates and then warren buffett and then it was -- >> oh, no. >> then it was jeff bezos, which i can understand because

usually in these s.e.c. filings it is very dry investment banker language.st and final offer. i am not playing this back and forth game. i moved straight to the end here. it is a high price, your shareholders will love it, if the deal doesn't work, given don't have confidence in management and don't believe it can drive necessary change in the public market, i would consider my -- reconsider my position as a shareholder meaning he's threatening to sell what he already has if they don't take his deal. yeah. >> why does he want it? >> i think it is partly about free speech. he believes that too many people are censored on twitter, he believes twitter's policies are misguided. he likes to post wild memes. he's an edge lord, he likes to walk up to the edge of the rules without breaking them. he's been in trouble with the financial regulators over the way he used the platform in the past to juice his company. >> that's right. and his companies include tesla and spacex. is there enough elon musk to go around if he takes twitter private and runs this thing. he thin

lucas: i realize you're not on the s.e.c. but current approach, i worry, could rattle markets by rolling out extensive proposals during a time when strong capital markets are essential to our constituents' economic growth and national security. second question, secretary. news reports suggest the administration is preparing to impose a new round of sanctions on russia following recent atrocities. including two of russia's largest financial institutions. the european union is also said to be preparing new sanctions. in your discussions with your international counterparts, could you speak to the urgency in which the e.u. plans to intensify russian sanctions? particularly focusing on a ban on russian coal, oil and natural gas exports? sec. yellen: i think our partners are outraged by the atrocities that are being committed in russia as we are and we are working very actively with them to impose new sanctions that will cause russia significant pain. this morning we announced our own sanctions package. it will now fully block rus

he has got the money he's telling the s.e.c.ou, kris, not everything musk says necessarily ends up happening in the future. >> yeah. we have seen that. thank you very much. >>> we have big names, two of them, in democratic politics, they are coming to the bay area. you're looking at one of them. president barack obama and we are looking live at stanford university where he will speak this afternoon. he's expected to talk about the way we create and consume information and how it could threaten democracy. vice president kamala harris will be in san francisco. among her spots ucsf where she will address maternal health. they will tour a health care facility, visit with expectant families and talk about the maternal health crisis. we have full coverage of both visits today on air and online. >>> turning to a storm moving across the bay area. stormranger tracking it all for you. bob redell is live in dublin. >> conditions there now, what are they looking like? >> we don't have the rain. intermittent as we've been reporting all morni

the reason shareholders want musk to stop saying that is the s.e.c. be in court with musk next month and the shareholders are saying, let's not tweet to government agents just weeks before you're going to go to court against them. in a separate issue, tesla revealed the federal government had been looking into allegations of rampant racism at its fremont factory long before california launched its own investigation. tesla argues in a court filing california should have waited until the federal investigation was finished. tesla, which denies all the allegations, wants a court to order california to pause its investigation. netflix in los gatos will open its financial books to investors and reporters this afternoon. the company's stock is down about 20% since january, on slowing subscriptions. netflix says those price hikes are keeping some people away. and white house press secretary jan psaki says the biden administration may delay the repayment of student loans again or forgive them altogether. the biden white house has already delayed the resumption

musk has battled with the s.e.c. for years. this is a community party in marin county to raise money and materials for people in ukraine. some of the kids wrote pen pal letters. and a san francisco ceo snuck over the border between slovakia and ukraine a short time ago to deliver those letters and supplies. a really short time ago. he asked us to wait to tell everybody until he was back safely across the border, which he is. andy was delivering supplies to his ukrainian-based employees and their families. i spoke to him over webcam just before he made the crossing. >> so going to ukraine first thing in the morning and bringing a bunch of supplies to my team and they've got a busy day meeting with different folks on my team and bringing supplies to the different constituents there. >> are you nervous? >> a little bit nervous. you know, we're right close to the border and we went and saw some of the refugees today and, yeah, it's scary. >> andy runs a company called just answer in san francisco and was one of the silicon valley l

musk did not provide a reason for the sale in the filing with the s.e.c., but he could be raising moneyto complete his twitter takeover. tesla stock was actually up 3% in early afternoon trading. closing at $870. the shares are down nearly 18% is the day before musk revealed he became twitter's largest shareholder. this comes as tesla issued another recall. it covers about 48,000 model 3 performance vehicles in the u.s. it may not display the speedometer while the car is in track mud but >>> a 22-year-old marine veteran from tennessee may be the first american to die fighting for ukraine. willy joseph cancel's family says he joined an international force fighting the russian invasion. he leaves a wife and an infant son. meanwhile, russia continued its bombardment of killing a key journalist in the apartment across the street from where the u.n. secretary-general was staying. the kremlin says the target was a missile factory. >> it is difficult to look at some of the images and imagine that any well thinking, serious, mature leader would do that. >>> oklahoma's governor is expected to si

and the s.e.c. seems to be a possible issues and the tweets, the s.e.c. is not act ds. we'll see if they do with an investigation and could be happening. who knows? >> talk about the conservative sill brags when the musk/twitter saga started and what we are seeing now. >> he is pushing this idea of free speech and objected to donald trump being kicked off. i was like he is not your friend. doesn't necessarily like trump. he's backed unfettered speech but not clear what that means exactly. he likes to say what he wants to say all the time. some people hi that's childish or cruel or funny. i think they -- anyone on the left or the right, by the way, hello the oil people. wants to get rid of oil companies or various things or going to space and all kinds of interests and a person you never know where he will come down and switches based on the fancy. >> cara, always great to have your perspective. thank you. >> thank you. you can find highlights and reporting of the show online and find me on nbc news

they'll wait and see >> yeah, more s.e.c. fines, who cares.e more of an active stake, given the fact he put it on twitter and by the way, he put that out there before the disclosure came anyway, we'll leave it there for now. phil, thank you. >> starbucks the worst performing stock in the s&p 500 right now after founder and interim ceo howard schultz announced the coffee chain will be suspending its share buyback program in order to invest more in employees and more into stores the move comes amid a big unionization push by workers over there, and other challenges including rising costs and supply chain issues. kate rogers joining us now kate, do we know what types of investments starbucks will be making its in employees and cafes with this cash >> so, sara, he had a letter out to partners today, and howard schultz didn't say exactly what the investments would look like just yet in the cafes and workers, but remember, starbucks did announce last fall a wage hike of getting to at least $15 an hour from this summer we could see a wage hike there,

priefer run-ins with the s.e.c.ay for somebody to violate the securities law what i find remarkable, we know essentially nothing about his plan we have the barest details in the financing. that's confusing. >> and this is moving fast, in typical elon musk fashion. he's obviously talking about free speech and enhancing the product with new features, to beating spam bots, authenticating all humans, which i think all people would be on board with, at least the humans operating on twitter i realize this is very much an evolving situation, with you is the flip side, to your point, twitter was trading on potential, potential that at least until now has not been realized in terms of shareholder consternation for the shareholders who have maybe bought in more recently or lost money on their investments up until now, i don't quite understand how we're going to see lawsuits. >> and there are people who are there, right and so, you know, that would be the question, whether they do that or not, but to me the important thing we

he signed documents with the s.e.c. musk said he secured more than $47 billion of financing.hat's $3 billion more than his first offer, which twitter's board rejected. the board adopted a poison pill strategy. to dodge that, musk is exploring to buy the common stocks of $50 per share in cash. >>> the >>> of course, we are in the first round of the nba playoffs. and the warriors won the first two games at home before heading to denver tonight. >>> you know what they say. the playoffs don't begin until the team takes the lead in the series and win one on the road. that's what they say. there's jordan poole. let's go to late in the game. warriors have a one-point lead. steph curry misses the three. he pass it to pool who puts in a crazy layup. the nuggets give the ball to their star. and it was stolen by draymond green. the nuggets aren't able to come back after that. the warriors take a commanding lead, 3-0. the giants' road trip got off to a nice start. it hit a pothole. the giants wrapped up their series in new york. mr. and mrs. met. the mets wasted no time. lindor hit one t

in s.e.c. filing, musk has commitment letters out and waiting for him to read and give him confidence. it comes as tesla posting record profits. the first quarter profit where $1 billion above the expectations. >>> american airlines profits are taking off. the nation's largest airline hit $8.9 billion in revenue the first quarter. or than doubled compared to a year ago. the airline will bring back to 94% of pre-pandemic schedule this year. >>> student loan debt hitting young americans hard. new and great report found 74% sion $1.7 lion in student >>> interesting weather day, we don't often get hail in the bay area. >> you know it is serious when you say, okay. >> like my mom says, sit down and have a talk about this. >> it is okay out right now, just some scattered showers. this activity is nothing to worry about, not even widespread enough to have impact on the evening commute. most of the activities and in earlier north of the golden gate, a few showers at the bottom end of the santa clara va

folks point to the fact that the s.e.c.d come from, if he would team up with another activist firm so part of this whole maneuver could be maybe he is looking for other investors to come on and do this takeover with him but it is not a done deal by any means. >> look. you are a reporter. you are not a prognosticator. there's a thought that this will happen? what are people saying? >> yeah. i think right now the board, it is funny. the board in a pressure cooker and have to consider this bid but they have other options. they could go with a poison pill which essentially is a defensive move and i think they are strongly considering that. i don't think this is over. i think it may continue into the rest of the week. >> fascinating. mike isaac, tech reporter for "new york times," thank you. >>> thank you for watching this hour of msnbc. i'm chris jansing. "deadline: white house" starts after this where i can break. y. please please please take that outside. here to meet those high standards is the walgreens health and wellness

elon musk breaking s.e.c. rules over his new stake in twitter. we will stus with former s.e.c.&a the overall m&a landscape at post 9, and the regulatory environment, activism. >>> and treasury secretary janet yellen speaking on crypto regulation, outlining five key principles we have highlights on that "squawk on the street," a lot more of it is straight ahead, so don't go anywhere. new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today. ♪ ♪ whose resumes on indeed matchnice suits, youria. guys blend right in. the world needs you back. i'm retired greg, you know this. people are taking financial advice from memes. [baby spits out milk] i'll get my onesies®. ♪ “baby one more time” by britney spears ♪ e*trade now from morgan stanley. get ready for next level entertainment. apple tv+ is now on xfinity. howdy y'all. with new apple original series and movies added every month..

he signed documents with the s.e.c. musk said he secured more than $47 billion of financing. that's $3 billion more than his first offer, which twitter's board rejected. the board adopted a poison pill strategy. to dodge that, musk is exploring to buy the common stocks of $50 per share in cash. >>> the warriors look to take control over the nuggets. (music throughout) oh, wow barbara corcoran! good morning. sorry, but we don't need any business help now. we're gigillionaires. what? we're gigillionaires now. i don't get it we have at&t business fiber with hyper-gig speeds. -but i just... -so thanks, we're doing great. i'm so happy for you! but i'm just here for my order. oh. entre-pin-eurs? yeah, my bowling team. i like it. there's money in puns. do business like a gigillionaire at&t business fiber, now with speeds up to 5-gigs. limited availability. it's chevy truck month. and it's time to add the perfect accessories to your new chevy. make it bolder. make it work harder. make it your own. find new possibilities. find new roads. very well-qualified buyers can get 0% financing

saying simply, i made an offer with a link to his s.e.c. filing. he says he insisted in twitter as i believe it's potential to be the platform for free speech around the globe. i believe free speech is societal imperative for functioning democracy. he goes on to say, however, since making my investment, i realize the company will neither thrive nor serve societal imperative in its current form. elon musk the billionaire founder of spacex and tesla. i spoke with the local financial expert today who says moneywise, this is an offer the board has to take seriously or they will have shareholders to answer to. it could leave swift changes. >> private company is the flexibility of the ownership which would be elon musk, to make decisions that could flow faster than your typical publicly traded corporate setting, if he wants to change it, he can change it on a whim. >> reporter: earlier this month, he disclosed he owned 9.2% stake in twitter, this new bid would purchase the entire company for $54 per share. in a statement, twitter said it received his bid

he's gotten into trouble with the s.e.c. for posting financial things he shouldn't have that turned out not to be true. then there's the price. there's a number 420 in it and he likes adding that number when he can. the current share price of twitter actually fell before gaining a couple of bucks but it's still $10 under what musk is offering. you would expect if people really thought musk were going to pay $54 for the shares, they'd buy them now at a discount. but they're not doing it. musk for his part warns there won't be a better offer. my offer is my best and final offer and if it is not accepted, i would need to reconsider my position as a shareholder. in other words, he could dump his 9%. twitter employees tell me they'll have an all-hands meeting to discuss this as well. we don't know what the board has thought or decided so far in its meeting this morning. >> i know a lot of my friends on social media were talking about it. if musk outright buys it, owns it, he can pretty much do whatever he wants with it. >> it's h

in his filing with the s.e.c. musk says free speech is imperative for a functioning democracy. >> for twitter's board this becomes a nightmare situation with the richest person in the world now looking to buy twitter. >> reporter: musk is a popular contributor with more than 81 million followers. he's also one of its biggest critics often speaking out against twitter rules there restrict certain tweets such as the ones that got former president donald trump banned fom the site. >> twitter has become the de facto town square. so it's really important that people have both the reality and the perception that they're able to speak freely within the bounds of the law. >> reporter: this morning conservatives are applauding musk. senator marsha blackburn writing, twitter's censors are freaking out about elon musk because they can't buy his silence. it's clear big tech can't handle people with a different viewpoint. musk calls the $43 billion his final offer. experts say if twitter's board resqueaks his offer, musk could

he has the money to make a new run at twitter and he proved it by filing signed documents with the s.e.cays he secured $46.5 billion in financing borrowed from several banks. twitter adopted so-called poison bill to dodge that. musk is exploring a tender offer to buy twitter for more than $50 per share in cash. this afternoon musk tweeted if our twitter bid succeeds, we'll defeat the spam bots or die trying. ♪♪ ♪♪ >>> are you ready? the latin american music awards are tonight. more than 20 of latin music's biggest stars are set to perform, including ozuna, luis fonsi, gloria trevi, and priss royce. red carpet coverage begins at 7:00 on our sister station, telemundo 48. >> sounds exciting. >>> up next, a big . >>> here's a look inside rockefeller center. lester holt is preparing for "nightly news." one of the top stories, the zookeepers who stayed in the war zone to protect the animals. a bittersweet end to their story of sacrifice. if you're a small business, there are lots of choices when it comes to your internet and technology needs. but when you choose comcast business internet, you

why do i not have respect for the s.e.c., and certainly the san francisco office, the s.e.c. he was forced to concede to the s.e.c. unlawfully, those bastards. >> if twitter is able to block elon musk from buying them out, it will not spare them scrutiny. republican lawmakers will dig in a that as more proof of political bias on the platform. jacqui. >> jacqui: thanks. >> john: some context and perspective from charlie hurt, some of the loudest voices criticizing elon musk are some of the ones who were championing the then richest man in the world jeff bezos buying "the washington post." business insider happens to be one of those publications. what they said about elon musk in a tweet. his attempt to buy twitter represents a chilling new threat. billionaire trolls taking over social media, compare that with with what they wrote about bezos on august 5, 2015. billionaire jeff bezos "washington post" buy marks a fascinating cultural transition in america. your turn. >> charlie it's truly incredible. the hypocrisy knows no bounds here. and you know, it's especially interesting

. >> if you're a privately run company without any s.e.c.n do a lot of what you want. >> reporter: musk has argued the company needs to be a better platform for free speech around the world. >> it's just really important that people have the-- both the reality and the perception that they're able to speak freely within the bound of the law. >> reporter: twitter's board is considering musk's offer, but that could take time, and musk may not want to wait. >> it sounds like if he cannot get a deal consummated in some timely fashion, that he's going to pick up his marbles and go home. >> reporter: and it's unclear how much money he has available to him right now. much of his stake in his neti worth is tied up and linked to tesla. he would have to sell off a significant part of that share in order to finance this deal. major. >> garrett: with important context. jonathan vigliotti, thank you. mortgage rates are on the rise again today, hitting 5% for the first time in more than a decade. rising rates and surging home prices are locking millions ou

he had to file with the s.e.c. to do it and block had to update its bylaws and it happened. move comes after tesla's elon musk decided his title was "tech know king of tesla." dorsey, co-founder, former ceo of twitter had been toying with the idea for a while. back in 2012, he of course tweeted because he owned the company, he tweeted titles like ceo get in the way and he had respect for people who ignore titles. you go in and call him block head. see how that goes. >>> powerball turns 30 years old this weekend. the first jackpot drawing healed 30 years ago, april 22nd, 1992. the $6 million jackpot that particular day. tonight, the jackpot is 400 million bucks. 400 million. cash option of 241 million. drawing is set for 8:00 tonight. now, odds of winning -- let's be honest about it -- 1 in 292 million. lot of people are snapping up last-minute tickets, just in case it's them. >>> all route right. the giants, a's, and the warriors. it is a springlike sportscast coming up. >>> giants looking strong starting the season. try to keep it rolling in the nation's capital. alex wood

musk didn't make that claim on twitter, he signed his name to an official government document, an s.e.c. filing. he says he has the money and financing. that's not all of his money. much of it comes through a variety of banks as the world's richest person, they know he's didn't for it. this is about $3 billion more than his first offer, the offer the twitter board turned down. after which it adopted the so-called poison pill, making a set of rules that would prevent musk from buying the company. so again, the money is available, but it hasn't made an offer yet -- he hasn't made an offer yet. musk says having a platform that accepts everyone is important to civilization. you know, guys, he often thinks about things at the civilization level. he's all about starting one on mars. he thinks civilization when it comes to cleaner air and global warming because that's why he's popularizing the electric car. >> but the rules don't seem to apply overall, right? he says he's a champion of free speech but he tries to shut people down. >> he does, and tesla has in the past as well. tesla, by the wa