it comes as ceo agrawal attempts to reinvent and dealing with an overall add contraction that the whole industry is dealing with >> julia, are the people you're talking to talking about this main issue, about reinventing the business if they're going to pursue this suit which they think is so strong, might they win the battle versus elon musk but lose the war for the business revival of twitter do they have to keep the business pretty much as it is as a cost of arguing that elon should buy it? >> look, it sounds like you're asking me, john, whether or not they'd be better off to settle so they can focus on fixing up the business i asked this question of some of my sources one thing i kept hearing them come back to is this idea of they do have an airtight case. if they do, they'd be crazy for the benefit of their shareholders not to pursue that $44 billion and simply because of their fiduciary duty to their shareholders, they have to go forward with the suit for the $44 billion. who knows what's going to happen now? there could be a sale and we don't know what elon musk is going to do. s

shery: ashish agrawal from barclays, it was really good having you want.more china coming up next. its strict covid zero strategy has some wealthy citizens adding for the exit, but leaving will not be that easy. details, next. this is bloomberg. ♪ shery: here's a quick check of the latest business flash headlines. netflix will ask customers in five latin american countries to pay a fee if they want to use their account in an additional home. customers we asked to pay --customers will be -- the streaming giant claims password sharing is one of the primary reasons for its flagging subscriber growth. goldman sachs is planning to slow hiring and reinstate annual performance reviews that were suspended during the pandemic as it looks to rein in expenses. the cfo said on a conference call with analysts that the bank is taking action to reduce spending and improve efficiency, including slowing the pace of replacing staff that it loses because of attrition. >> given the challenging operating environment, we're closely re-examining all of our forward spending and i

elon musk has had a very public spat with twitter�*s chief executive, parag agrawal.n musk wanted to know was how many users, actual people, does twitter have. in a filing to the market regulator, he claimed the responses he had received from twitter weren't adequate. that twitter was in breach of contract and that he was pulling out of the deal. but twitter�*s board hit back, saying mr musk couldn't pull out of the deal and that they expected the sale to go through at the price agreed. i imagine there's some very dramatic talks happening as we speak but unless something comes to fruition over the weekend, they come to some kind of terms on maybe a renegotiated price for this deal, i would imagine a lawsuit is either being drafted currently and being filed or will be filed on monday. there has been speculation that mr musk has an ulterior motive here. with the economy looking worse than it was, the deal was looking increasingly like a bad one for the world's richest man. whether mr musk now has to buy twitter will be decided in the us court with some very expensive la

of plans to depart from meta, and ceo mark zuckerberg is on the attendee list as well twitter ceo agrawalre, we haven't spotted either of them just yet >>> netflix ceo ned hastings and ted scerranos will be here if netflix subscribers continue to shrink, that could be an acquisition target even for the likes of comcast cnbc's parent company brian roberts is here as well. warner discovery stock down 37% since the merger closed in april. when i asked ceo dave zazlov yesterday if more deals are coming he said he liked the access they have now and expects to see an accelerated shift to add supported streaming services >> i think we will, because it's cheaper for the customer and the number of ads when it's three minutes or four minutes, it doesn't seem to be as disruptive there will always be some people that want premium and no advertising, and there's some content that you probably don't want to put any advertising in no matter what some of the hbo content you might not want to put advertising in at all. >> reporter: another media giant, betting big on streaming here, disney's ceo is here a

elon musk has had a very public spat with twitter“s chief executive, parag agrawal.ch, fortunately for him, elon musk can very much afford. james clayton, bbc news, san francisco. for those of you who like sunshine and like it hot, you will enjoy this. good morning, sarah. good morning. if you have got plans this weekend, you will be pleased to hear things look dry and sunny, but we could do with a bit of rain for our gardens. but none of that in the forecast for most of us over the next few days. the heat will build through the weekend. already warm and sunny in hampshire, as it is across much of the uk. more clout in the north and west, but through the weekend, lots of sunshine breaking through, and very warm, politically by tomorrow. so, high pressure very much in charge of our weather at the moment. light winds and a weather front to the north of scotland, so thick cloud for the north and west of scotland and northern ireland. some outbreaks of patchy rain, physically towards the northern isles later on. for the rest of the uk, the cloud breaking up in the west,