we know this firsthand in delaware. delaware is the first state. delaware is a state, the lowest-lying state in america is delaware. our state is sinking. the seas around us are rising. down in louisiana, a big state, in another part of the country, in louisiana they are expected sea level rise as well. in the state of louisiana, you know what? every 100 minutes, every 100 minutes they lose a piece of land to the sea the size of a football field in louisiana. i'll say that again. every 100 minutes in louisiana, they lose a piece of land the size of a football field. every 100 minutes. and we see climate change in the form of sea level rises in, all up and down the east coast, down to florida, the gulf coast, east coast, west coast, everywhere. the extreme weather is costing us. according to an analysis of data from noaa, and the global reinsurance program, severe weather cost more than $12 billion, billion with a b, property damage in the united states. $that is an average -- that is an average of about $1 the -- $199 per household. we continue to

and does delaware really that bad?ts of it are not beautiful, that is true, but can an entire stay to be a carcinogen? at this point we can't say. we are hearing were tonight that biden may have misspoken, rattled by the stress of his diagnosis. it is likely that it is in fact not cancer joe biden is battling, but dementia. the simple mistake. we will get an update from marc siegel in a moment. but no matter what is wrong with joe biden, and something clearly is, it has not prevented him from working to amass more power in any american president has ever had. biden approaches power the way that j.b. pritzker approaches the waffle station with maximum enthusiasm. he snorts and splashes it on his shirt, he can't get enough. joe biden's latest idea is that he personally is the only branch of government in the united states. no more separation of powers, joe biden has all the power. if the congress or the supreme court does something that joe biden doesn't like he gets to simply ignore it and do what he wants to do. and he

yeah, it's in delaware. itker: rains oil. that's how dirty delaware is . it's a great state. so the white house said today, apparently when joe biden wasan announcing he had cancer, he was talking about previous skin cancer diagnosis. >> okay. but itca turns when it rains oi. you don't just get cancer. you get other diseases, too, because in april, joe biden told the same storyry about how he grew up in a world where it rained oil, but it gave him asthma, not cancer. >> watch this. and i went to the small little school that was about a mile from the apartment complex we lived in and school called holy rosary. and you couldn't walk to schoold because although was a four lane access highway was justt too dangerous to cross some of the streets. and my mother would get when it came spring came in fall. this is the god's truth and you get in the car and a little frost on the window, turn on the windshield wiper to be an oil slick, not a joke. i have asthma and 80 percent of the people who in fact we grew up with have asthma. r: not n a much senex sinister kind of plane or maybe ho

attorney of delaware opened his full investigation into hunter biden's taxes in 2018 and since then, it has turned into an investigation into possible gun crimes, possible money laundering, possible foreign lobbying violations. they are looking into a lot of different aspects of this investigation. this has been going on for four years and it sounds like we are coming to a resolution. what that resolution is going to be remains to be seen stuff i talked to several former prosecutors. they tell me how they look at it reading the tea leaves on what could come out and what has happened. we could be going toward some kind of plea agreement and the reason they say that is because a plea agreement to a possible tax crime would check off a lot of boxes for a lot of people. it would give david weiss and merrick garland of the justice department the ability to send off republican critics by saying we scored a guilty plea and they charge him with something, it was not an investigation influenced by the administration because it produced a criminal charge and a spare the biden administration so

that is more land than the entire state of new york and new jersey and down to the tip of delaware. it's amazing, five million acres. our national security is at stake. extreme weather is damaging our military installations in the states and our economy is at risk. so we have to act. extreme weather disrupts supply chains and causes delays for consumers and businesses and it is a threat to our nation and the world. my message today is this. since congress is not acting as it should and these guys are but we aren't getting many republican votes, this is an emergency. and i will, i will look at it that way. i said it last week and will say it again, as president i will combat the climate crisis in the absence of congressional action notwithstanding their incredible action. [applause] in the coming days, my administration will announce the executive actions we have developed to combat this emergency. we need to act. just take a look around, right now 100 million americans are under a heat alert, 100 million americans, 90 cities set records including here in new england as we speak. and

we sent johnny to delaware to find out. >> have you seen hunter around. >> no. >> he is smoking crackaked. >> no way. ♪ (dad) ohhhhoooo.... (man) woah, woah, woah! no, no, no, no! ugh... (woman) huhhhhg.... (woman) ughh. ohh... (dad) no! ohhhhhh. (man) ugh, ugh, gaaahh. (woman) n, n, n, n... uggggg... (vo) don't worry. you may feel every ding, but your subaru's value won't. the subaru outback has the best resale value in its class. (man) check please. >> jesse: fox news alert. charges have just been dropped against the colbert nine. the group of democrat insurrectionists who worked on the late show and arrested for breaching the capitol building last month. fox news congressional correspondent chad pergram has the latest. chad? >> good evening, jesse, well, charges dropped by the feds colbert nine capitol police arrested them after they were found at night in a house office building recording comedy skits. but now the u.s. attorney for washington, d.c. says it would be hard to make the charges stick. so the charges are out. among those busted originally robert smigel, he client insult

jim, do you see a big conflict here that the delaware u.s.arge but main justice merrick garland says ho ho ho we don't want to make this too political before the midterms. >> there may be more collusion at work than you give credit for. i'm concerned about the story that came out because it is a low ball treatment of hunter biden. you know, 80 or 90% of federal white collar cases, jesse, include the word conspiracy. we're now -- we hearing about a tax case and rinky dink gun case which means by definition one person. they are talking about, i think, coming up with the right timing for a soft plea for hunter biden to have very little consequences and the other part of the another that i thought was very disturbing and very interesting is they quote or they say at least that federal officials were really fretting over whether his drug addiction was a defense in these cases. drug addiction might factor in when you are in a bar room brawl, right? whether you have an intent to kill in that knife fight, for economic crimes you are talking about com

let me say, the delaware courts. why do people choose delaware?ey're experienced, they understand commercial matters, and there's certainty with it. the delaware courts are going to take this matter extremely seriously. like you said, there are very, very well-qualified, experienced -- >> i'm making you the judge and jury right now what do you say? you read the contract. you're a lawyer. you're a counselor you read the contract. it's a pretty tight contract i'll put out the range of options for you. you can either force elon musk to buy the company that's one option. you could look at this and say elon muchc is right, there's too many bots, there's been a fraud put upon the public shareholders this is almost like a discovery process. i don't know if you think that's something the courts are likely to do. of course, there's always the possibility there could be a renegotiation. there's a question, by the way, about damages in this case if you did enforce the deal, this specific performance, saying you have to buy the company, there is this idea dam

i think first i'm going to head for the delaware state fair, which i love. the first time i ran for office -- a million years ago -- i'll probably pick out some music to listen to. the first song -- the first song i think is a willie nelson song, "on the road again." and i'm going to get on the road again and head for the first state, for the delaware state fair and look forward to meeting a lot of people. i wish you a great weekend. and to my it colleague, dan sullivan from alaska, marine colonel who is about to take the floor, have at it. dan, it's all yours. madam president, i yield the floor. mr. sullivan: thank you, madam president. and i want to compliment my colleague from delaware, who i enjoy working with very much on the epw committee. and, madam president, i'm going to -- normally at this time at the end of the week, i talk about the alaskan of the week. so stay tuned for next week when we continue that series. today i want to talk about the americans of the century, the americans of the century. this is an iconic, iconic picture of the men and, o

the headlines coming out of that delaware hearing lawyers making the case for twitter first. quote, what we have here is a buyer looking to conjure an exit ramp for a deal that doesn't have one, arguing that twitter is subject to highly public criticism and that justifies an expedited hearing. we'll get more updates on that in just a moment first, a news update with our seema mody >> here is what happening at this hour. more evidence of a slowdown in housing, as interest rates rise. the government just reported june housing starts fell 2% from the prior month and 6.3% from a year ago they had been expected to rise last month however, home builders have been warning of a slowdown in sales and cutting prices as well a break for consumers a to the gasoline pump. aaa says the average price of gasoline has fallen below the $4.50 per gallon mark. that is the first time that's happened in two months the average gas price had topped five bucks early in july >>> apple has agreed to pay $50 million to settle a class action lawsuit involving keyboards on its mac book computers customers

>> i think the delaware court doesn't want to be a kangaroo court.re are 49 other states. >> i get that. he's going to have to present evidence to say your da user well lower than what you say and there are a lot more bots. if you can do that that could change things for twitter in some way to rebut. >> what happens if they go and the people from twitter who helped to review it with musk say that at the end musk told them i feel much better and i think it's fine. does that matter? >> when did he do that ? when are you told that he did that? >> at the end of that weekend when he looked at the data. >> really? it does appear to be a case of buyers remorse. probably a few days later. >> 73 million shares, i think we are little south of that. >> that is he original 9% almost 10%. then there is a lot more behind that that he has to purchase at a far higher price. >> he's a little less say not conforming. is there any chance he's buying stock? >> no, he can't. >> what do the rules mean to him? >> he is conceivably in receipt of material information. it wou

but it is gone and the union movement began to just crumple in delaware.y dad never belonged to a union that i say this on the front end, my dad was a salesperson and came down from scranton when coal died. he worked in sales up there. we lived in a three level dust three bedroom split level home, like a lot in the mid 60's. there were 40 homes and we had four kids in the family, and my dad my dad -- i could hear him leaning up against the wall in my room. i asked, my jet had a expression, he said joey you never complain and never explain, just get up. i was wondering what was wrong and i asked my mom. she said the company says no pensions. a lot a lot of you come from families like mine. a lot of people stood behind me. from the state of massachusetts, he is, as my uncle would say, he is union from buckle to shoe sole. but all of the folks you heard speak today care about it because we know what it is like to be deprived of your dignity. we know what it is like to have a father or mother put their head down and they can't afford a thing for their kid that

a delaware judge set a five day trial to start in october.or more, we are joined by a columbia law school professor and codirector of the nielsen center along with kurt wagner, who covers twitter for us. what happened in court today? the judge actually has covid. >> i was listening on a public dial in which she felt interesting. both sides presented their case. they submitted written elements to this. the judge took a little time to review and witness day -- and put a out a pretty quick verdict. based on the arguments that had been made, feels it would make sense to speed this up, not quite as fast. they were hoping to do a trial in september but thought the longer this thing drags out, the more chance there is for damage to twitters business and brand. the muska team wanted to wait until february. emily: you know the judge here and know her record pretty well. i understand she's a seller-friendly judge or has made seller-friendly decisions in the past. what can you tell us about her? >> she's normally right down the middle in terms of her pr

most companies are domiciled in delaware to get the experience of the delaware chancery court if theyssues all the time and one way or the other it will set a precedent how you can get out of these deals, and what it will allow. the problems, people can't get their arms around it, i'm talking to lawyers and bankers, just what are the sort of legal recourse for the court if musk says, i'm not going to, okay, you say i have to buy it and i'm not. john coffey has told us, told ellie, my producer they, he could seek a judge, can basically put him in jail. liz: coffey, columbia business school professor. >> yes. others have said, they will put him in jail in delaware? matt levine, are they going to put him in chancery jail? liz: charlie, you have to uphold contracts if you want a functioning economy. he signed away his rights. let's say he wants out. it will be more than the billion dollar breakup fee, right? how can it not be? >> that is a great point, and that is the problem the chancery court has. lawyers are telling me this. on one hand it doesn't want to look powerless, if elon musk s

what can only be interpreted as a loss for elon musk and a win for the social media giant after a delaware judge ruled twitter's lawsuit against the billionaire trying to renege on his offer to buy the company, can indeed proceed in september, just wanted to let you know charlie gasparino is getting in the chair right now and he's with us in a moment but first to the markets. the bulls are kicking up the dirt. we're looking at a ripper of a rally as we kickoff this final hour of trade, dow, s&p, nasdaq, russel are all jumping here, the russel is really the shining star up more than three and one- third percent, dow jones industrial up 670 points or 2% gain, s&p better by 2%, the nasdaq at its high, you ready for this? a jump of 351 points we're up 324 right now. we need to show you bitcoin. not only is bitcoin above 22000. we have some serious bullishness right now in the crypto world up 8%, so we've got this proposed ethererum merge in september we told you about. well, we're more than a month away from that but yet, we do have optimism with cryptos, everything is moving higher. we've got

anyone who -- delaware is the best place for businesses to incorporate.ave to go up against delaware judges. that is not easy. these are experts, they are brilliant and take their jobs fiercely. their job is to enforce contracts. judges in delaware -- which is why they are not just going to let elon musk, contracted by twitter go on unenforced. there are very few outs in this kind of contract, he initially stipulated he was fine with the major issues he is now complaining about. that is why, tonight in his letter, twitter told elon musk efforts to terminate the deal are quote, invalid and wrong for. if i was elon musk i would want out to. twitter is not worth what he agreed to pay for it. because the sector has cratered since elon musk agreed to by twitter. but, you are supposed to do your due diligence before hand. it doesn't matter -- since the deal with twitter wanted to break the contract but, -- i know that elon musk and his team did a deep dive on the bogus accounts issue and he personally told twitter he was satisfied. the idea that twitter somehow

the choice of law is delaware, state law of delaware.e delaware supreme court that will end there. there is no federal review of this. neil: matt, you know both personalities very well. i don't know that you know elon musk. you worked for president trump. no loss of goodwill in any way between the former president and the world's richest man. they have both been going at each other. a lot of bad blood there. where and how did it start? >> yeah. i think it has been one of those things that has developed over time. the president had people like elon musk and zuckerberg and jack dorsey come to him when he was president, were very kind to him because of the position he occupied. since then a lot of those folks have turned on the president. he doesn't like that. you know prefers loyalty and folks that when they say one thing to his face they follow through, you know, behind his back. in this case i think elon has been very critical of donald trump. now elon musk also suggested that the left has moved so far away from where he stands that he i

attorney in delaware. one of the few held over from the trump administration. >> bill: investigators haven't made a decision to indict. tax violations, foreign lobbying and false statements. that is still a lot we do not know. that could all change possibly very soon. >> hunter biden clearly led a pretty free wheeling life. it seems evident from what we know he used the fact of his father's possible flew as a way for him to make money. there is a lot of smoke there. i think we are probably about to find out whether there is fire. if he is indicted it will be interesting to see what the alleged facts are and whether directly or indirectly they implicate the president. >> bill: team fox coverage from jim trusty. we begin with david hunt in washington >> hi. the investigation officially began four years ago. heavily sidelined and delayed. a source confirms the grand jury tasked with looking at evidence wrapped up its latest term. the case may now be in the hands of the government to make the next move. the pr

attorney be in delaware, a trump appointee.sources say president biden did so to avoid an appearance of a conflict of interest. bret, attorney general merrick garland has been asked about the hunter biden investigation for over a year now multiple times, every time he says he is staying clear. letting u.s. attorney weiss in delaware conduct the investigation. we'll continue to follow. >> bret: we will follow that meantime, david, the government rested its case in the steve bannon trial today? >> that's correct. another big one we are watching. he is on trial for contempt after refusing a subpoena by the house committee investigating the attack on the capitol january 6th 2021. today the chief counsel for that panel suggested bannon may have had advanced knowledge of that incident, meanwhile, the januarl who was appearing as a witness today, her name is kristin amer ling she confirms she in a book club with one of the prosecutors on the government's tammy. the two met some 15 years ago. bannon's team will present defense tomorrow

he takes air force one to his beach home in delaware.ohn kerry didn't go to germany by private boat. he took a private jet. they want the benefits of fossil fuels. yet use the power of government to deny us a privilege that makes them my enemy. elizabeth: how about zoom and skype? we'll watch the president make as series of gaffs. he mispronounced a congressman from massachusetts and claims he got cancel from oil use in delaware. >> where, is she go. put on the windshield wipers to get literally the oil slick off the window. why i so many people i grow up have cancer. he is not a bad guy at all. i live in his house. sheldon whitehouse, a great champion, champion of the environment. been banging away. >> of course the more pain we're all experiencing from the high price of gas the more benefit there is for those who can access electric vehicles. >> if we reach the goal by 2030 biden has of 50% adoption, instead of 100% adoption, that means the average household would use twice as much electricity charging one of their cars as they would u

let's see that one >> is delaware in the house? anybody from delaware?lar loudly man. [ laughter ] >> jimmy: that's the equivalent of a drummer tossing his drumsticks into the crowd and then hearing them hit the ground, like, click, click, click. [ light laughter ] yeah, exactly. "delaware -- is delaware in the house >> steve: oh [ light laughter ] >> jimmy: who is he, d.j. jazzy scooter? [ light laughter ] but today biden is back in washington where he hosted a -- co-hosted a virtual covid summit and the fact that the summit was held virtually pretty much tells you how we're doing in the fight against covid. [ laughter ] the u.s. co-hosted a summit with germany, indonesia, senegal, and belize. good, all the heavy hitters are in on this [ laughter ] but biden is serious about tackling the pandemic, that's why today he announced the new head of his covid taskforce, patti lupone [ laughter ] >> -- that's why you're in the theater. that is the rule if you don't want to follow the rule, get the [ bleep ] out! >> steve: oh [ cheers and applause yeah hey, list

not only is joe biden six from delaware's -- he's got covid they announced it today. it is been a tough week overall. tomorrow you have to think it's got to be at monkeypox. if you or someone you know has recently had unsafe with joe biden please see precautionary medical attention. god knows what you might've picked up. at the white house they are generally upset but today's news not because the word about joe biden's health, everybody works the white house already knows you so thoroughly unwell he could barely speak. these are the people who run as teleprompters come up little pieces of tape on the floor so he knows where the door is. is not people who have any illusion at all about joe biden's condition. they are upset about is fact that joe biden just up on their message. and when that message is been consistent and relenting. get the vaccine or you can have a job, or an important transplant or thanks even with your kids. get the vaccine is the most important thing that you can do and you are a monster if you don't. so people obeyed they did it.

heidi: reporting from delaware with the latest on elon musk and twitter.king ahead, the bank of australia is speaking at the strategic business firm in melbourne. we are watching his remarks, treasurer will announce a review of the central bank. this is the first independent examination 84 decades and inflation targets will be model of the things in focus. morehead, this is bloomberg. shery: netflix continues to gain after hours. talking about how it is tough losing 1 million and holding it a success despite the rally we see in the stock, moving away from price increases advertising . it becomes a substantial, most of the content on netflix today can have ads. heidi: let us get more analysis, the chief analyst at analysis research. this is the conditional i vision of what it takes to be in netflix, losing that many subscribers a is hard to call that a win. when you break it down by region, you see a big losses come from a big market like north america. how much growth outside of asia. -- not much growth outside of asia. >> setting expectations. what netfli

later this hour, we talk to the head of a food bank in delaware.s way up because of record high inflation hitting everyone. days after california's largest ever fentanyl bust, border patrol agents uncover another massive staff being smuggled in to poison our country. ugh-stipated... feeling weighed down by a backedup gut" miralax is different. it works naturally with the water in your body to unblock your gut. ...free your gut. and your mood will follow. research shows that people remember ads with young people having a good time. so to help you remember that liberty mutual customizes your home insurance, here's a pool party. look what i brought! liberty mutual! they customize your home insurance... so you only pay for what you need! ♪young people having a good time with insurance.♪ ♪young people.♪ ♪good times.♪ ♪insurance!♪ only pay for what you need. ♪liberty liberty. liberty. liberty.♪ >> shannon: there's been another massive fentanyl bust in california. this time a border patrol k-9 sniffing out 250 pounds of the opioid during a vehicle stop. t

delaware can't filing early in the week. the point that they are trying to argue is that elon musk did not have any grounds to walk away from the deal. there is no such thing as buyer's remorse. elon musk saw that twitter was not forthcoming with the data that he requested in his filing on friday about the issue of bots. in other words, they need to prove that it somehow alter the value of the deal, that it punched a hole in the deal. we knew this was coming. maybe a little relief rally because we saw this coming but most lawyers think twitter has over the good chance in this fight but it could be a long fight. you want to go to court for a decade? who knows? this is elon musk. >> this after twitter has plummeted and made up some of those losses. thank you. i want to bring in jason goldman. one of the founding members of twitter and a former white house chief. the digital officer under president obama for some insider and outsider perspective. your timing is impeccable. officially this is headed to delaware court. did anyone

it's not the judge it's not delaware.ip >> the final question, you get to choose. could you either work at lipton today, working for twitter's board or work at scadden on behalf of elon musk, which one do you want to work for? >> i like both those place i think twitter probably has the better story at this point in my view wachtel has better offices, i'll say wachtel today. how about that >>> coming up, when we come back, prime time for amazon. what it means for the company and shareholders rs mus, plus a outlook. we're going to open down, dow off 220 points s&p looking to open down about points. we're coming back with a big hour ahead ♪ ♪ wow, we're crunching tons of polygons here! what's going on? where's regina? hi, i'm ladonna. i invest in invesco qqq, a fund that gives me access to the nasdaq-100 innovations, like real time cgi. okay... yeah... oh. don't worry i got it! become an agent of innovation with invesco qqq want more from your vitamins? get more with nature's bounty. from the first-ever triple action sleep s

how dirty is delaware?o dirty joe biden said that when it rains it rains oil that's why everyone in delaware gets cancer it gets it from the oil ring. now joe biden has too. looking back voters probably should've known a little bit more about joe biden's related risk factors before he became president. it's too late now and it just got worse. not only is joe biden six from delaware's -- he's got covid they announced it today. it is been a tough week overall. tomorrow you have to think it's got to be at monkeypox. if you or someone you know has recently had unsafe with joe biden please see precautionary medical attention. god knows what you might've picked up. at the white house they are generally upset but today's news not because the word about joe biden's health, everybody works the white house already knows you so thoroughly unwell he could barely speak. these are the people who run as teleprompters come up little pieces of tape on the floor so he knows where the door is. is not people who have any illus

that is something delaware courts have done.uyer has gotten cold feet and courts have ordered, no, you have to close. that is one possibility that they would force him to live up to his end of the deal. >> if you truly want out, would it better serve him to pay a $1 million fine to say, i am out, as opposed to going to court to allow twitter to pursue him? might he lose more by going to court than if he were to just say, i will pay the fine right now? >> he doesn't have the option of paying the fine. twitter will not accept that and that is not really elon musk's choice to make. twitter is the one that has the option of suing, terminating the agreement and suing if they think he is in breach, or seeking to force elon musk to close. from twitter's perspective, this is a no-brainer. i would rather have $44 billion. elon musk does not get to choose. this is twitter's choice to make in a courtroom. >> if he digs in his heels, twitter will take him to court. how do you see it playing out? how potentially ugly could it get? >> i assum

look at what the street's focusing on and it's a small victory in its battle against elon musk as delaware orders the trial for october. >>> and cathie wood. >> netflix here is reed hastings offering his assessment on last night's earnings call. >> we're talking about losing 1 million instead of 2 million our excitement is tempered by, you know, the less bad result. you know, looking forward, streaming is working everywhere. you know, everyone is pouring in it's definitely the end of linear tv over the next five, ten years, so very bullish on streaming. >> he did say losing a million, jim, it's hard to call that a success but well set up for '23. >> i watched this stock in the morning where everyone said relief rally this was simply not only not a great quarter, but i think it was a recognition that they're talking about a lot of mixed messages we're going to use microsoft why? because we're going the use microsoft. we did "stranger things 4," and now you're kwgoing to watch something else it wasn't a reaffirmation of growth those looking for it were disappointed >> that's a great way to p

and joe has been running delaware for for two decades.aware gets 92% of all of its energy for natural gas. isn't that beautiful? the guy doesn't even own an electric car. i'm a little worried they are trying to put wind turbines off of the coast of the jersey shore. i did a deep dive into it. it's a dutch company, so americans aren't even going to get paid for it. energy prices are actually going to go up after they install it. the fishermen are very upset because it is going to destroy their fishing waters. and you can see it from the coast is what is going to ruin people's view. i'm going to have to stage a protest. i might chain myself to wind turbine, hunger strike, i haven't decided. i'm going to talk to my oil guy. do you have an oil guy? >> greg: yes, i do. >> jesse: wire the prices at the pump going down? he said there are three reasons, one, american oil companies are at full throttle. number two, it always goes down after july 4th weekend. and also fears of a recession. but they are predicting oil prices are going back up. so jo

, corporations that do business in delaware.being able to handle this stuff. the nuances are so amazing. it would be hard for me to imagine not to do this the right way. >> if you prolong the case, that benefits team musk. it's a longer discovery process. then you can really go through the files and when and how exactly did twitter come up with the bots number. nobody on the street believes it's under 5%. that's not my experience, not your experience. but i think twitter stock right now is trading that even if musk is ruled against, it's damages. you can't force a guy to buy a company that he doesn't want. people that i've talked to that have seen the term sheets, this is going according to plan. they say musk still wants the property. >> charles: sure. he doesn't want to pay $44 billion. we have news coming in from the white house saying that they anticipate major oil producers to increase their production following the president's trip. so again, it sounds somewhat nuanced. the oil producers and the opec plus alliance. so may

we'll start with elon musk looking to back out of this deal for twitter setting up a legal fight in delaware courts he's not the only one separating himself from the social media company recently sheryl sandberg preparing to leave meta and jack-doers, of course, leaving the twitter board entirely, focusing instead on crypto and block, formerly square our julia boorstin is here it's not just the musk drama whether it's ad targeting, content monitorization, so much of the social media business is in question. >> that's right, jon, and i would say each of the social media platforms you ran through, they are in very different situations right now, but they are all in a moment of transition i mean, just to go with the smallest one first which is pinterest. they are in a movement transition of trying to figure out how to make money from commerce, and that's the big opportunity there. then, of course, meta, shifting to focus on the metaverse, managing all of these apple operating system changes that is making it harder for them to target ads which is something they have been grappling with, and all

and that is really high to cross and taking place in delaware, the leading state for u.s.n they are -- so, twitter's only option was to either sue for specific performance, which they are. "you said you were going to buy it, you have to buy it." what he signed a billion-dollar termination fee, but that's only triggered in certain instances. so their only option was to see you and say, you broke it, you buy it. and essentially hope you won't reach that high bar in court, or the most they will get is frankly that billion dollars. i don't know if it's going to be successful, you guys. i don't actually know if that bots situation, him arguing -- speefour of disclosure. see one he has to pay what i called the prenup? >> emily: i think the result will be a settlement or the court will say that it's worth less but you still have to buy it. in delaware, a business from the corporation friendly state, they are loath to break up any contract. >> michele: does he still have to buy it at that set price or can you buy it for what it's worth? >> emily: he can buy for the lesser price if

the delaware courts have been asked and on occasion ordered specific performance in m&a deals.ally unusual. there's a couple of cases in the past 20, 25 years in which the courts have actually ordered it. so it's an extraordinary remedy. i think that's the big question in this case, not so much the contractual merits it seems twitter has a stronger case on the contractual merits, but what remedy the judge will order. >> in reading the piece yesterday, did you see any holes at all >> no. we really won't see the holes until we see the answer which will be filed in the near future by musk and his lawyers. but it's a strong complaint. it argued most of what you would expect to see based on what we've heard already from musk and his lawyers about their basis -- supposed basis forgetting out of the deal i thought the complaint was really solid. >> morgan, we're looking at shares of twitter, and the market agrees with you up nearly 7% on the perceived strpgt of that case. let's walk through this. let's see elon musk is forced to buy twitter. what do we think he's going to do with it i

we are making sure that delaware remains a safe haven for abortion access and reproductive freedom. has a significant role to play. fighting back against draconian laws that take away your rights. and that is why, as you mentioned, we must reelect democratic colleagues in battleground states like michigan and wisconsin, where ages nestle and call are refusing to defend decades old abortion bans. this is why we must elect pro-choice torney general candidates i es like orgia, arizona and texas. candidates who have vowed to fight against unpopular and restrictive abortion laws. selina, to me, this fight is deeply personal. because for the balance of my career, i have been a prosecutor prosecuting violent crimes. in particular, right cases. rape cases involving adults and rape cases involving children. i know this is an issue near and dear to you as, well. i will say this, a state banning abortion, even in the case of rape, is troconis unconscionable. children, the majority of children who are survivors of sexual abuse, are sexually beuse by a family member. yet, in the states banning a

john: your investor in delaware is going to order him to pay 5420.ing to take the money and run. guy: do you think that is going to happen? do you think that is the most likely outcome? if it is not, i appreciate what everybody is saying about the stronger hand. if the result is we get a negotiated deal, that we settle, then that price is high. john: i think that is correct. i think the market is betting, predicting what the negotiation will be. 5420 to 33 is a $17 billion difference. it is a huge amount in stake at one litigation. the huge concern is whether or not delaware grant something called specific performance. specific performance is like an injunction. it requires you to form the deal as it was originally contracted, not just pay damages. if you pay damages, it is must -- much less. alix: i am trying to understand how a court can force somebody to plop down $43 billion of their own money and force them to buy a company. what is the precedent? john: if you disobey an injunction. you are in contempt, the court can use a number of remedies. it

the delaware river bends.used to have over 6,000 -- 6,000 steal workers. it's all gone now. all of it gone. used to be a company town, literally. the hills were all company stores. company buildings, but it's gone. and union movement began to just crumble in delaware, and in claremont, and my dad never belonged to a union but i say this on the front end, my dad was a salesperson, and he came down from scranton when coal died. he wasn't a coal miner, but he worked in sales up there, and i'll never forget, we lived in a three-bedroom split level homes, like a lot of suburban areas developing in the early 50s, mid-50s, and there were 38, 40 homes in there, and we had four kids in the family, and a grand pop who lived with us, and mom and dad, and walls were thin, and my dad one night, i could t banging but leaning up against the wall in my room. next morning, i asked my dad, he had an expression, joe, you never complain and never explain, just get up. just get up. and i was wondering what was wrong, and i asked m

democratic senator chris coons of delaware, thank you very much. we appreciate you coming on the show this morning and talking as well about the president's trip to saudi arabia and on that let's bring into the conversation former spokesperson for the u.s. mission to the united nations, hagar chemali and has organized a lot of trip to the middle east and including for president obama. so, what is the balance? did the president have to go -- was this trip somewhat mandatory given the fact that oil prices and the oil situation is roiling and what needs to happen to strike a balance when you're visiting country where there are serious moral issues that haven't been solved, they haven't become accountable for it and human rights differences in our values. how do you -- what would the advice be on how a president should strike the right balance on a trip like this? >> sure. well let's divide both if we can. so, both countries i mean when the visits to israel and the west bank of course and saudi arabia. the visit to israel is overdue. and it's been -- i

that is more land than the entire state of new jersey from new york down to the tip of delaware.ather is already damaging our military installations here in the states, and our economy's at risk. so we have to act. extreme weather disrupts supply chains causing delays and shortages for consumers and businesses. climate change is literally an existential threat to our nation and to the world. so my message today is this, since congress is not acting as it should and these guys here are, but we're not getting many republican votes, this is an emergency, an emergency, and i will -- i will look at it that way. i said last week and i'll say it again loud and clear, as president i'll use my executive powers to combat the climate crisis in the absence of congressional actions, notwithstanding their incredible actions. in the coming days, my administration will announce the executive actions we have developed to combat this emergency. we need to act. we just take a look around, right now 100 million americans are under a heat alert, 100 million americans. 90 communities across america se

. >> reporter: today in delaware a bike riding president biden interacted with reporters. >> my ultimate goal is to reinstate roe v. wade as a national law. that's something i've asked the folks, the medical people in the administration to look at, whether that is -- whether i have the authority to do that. >> christina joins us now. this week president biden makes his first trip to the middle east since taking office. that includes a stop in saudi arabia. christina, why now? why that visit? >> reporter: well, in an op ed to the washington post, the president said he knows a lot of people are against him going to saudi arabia. in order to counter russhe u.s. needs strategic allies like saudi. they will always be part of a discussion, but what you're seeing here is at the center of the complicated 80 year relationship where strategic interests often override the better aspirational angels of diplomacy. >> christina, breaking it down. thank you. >>> cbs news will have complete coverage of tuesday's hearing of the january 6th committee on our broadcast and streaming networks. >>> a sanction

matter that there will be a filing in the next few days, we do know it's going to be heard in the delawarend we also know that elon musk is talking about bots again, that there were a lot of bots and users that twitter didn't disclose this, and many legal experts say that is going to be a tough argument because the reports in delaware tend to favor the party that has the contract for takeover, and not the party that tries to walk away. rishaad: tell me here, this is something that often doesn't get to court if we could have a settlement outside of court, also got that $1 billion walk away, but they tend when they get to court, people in delaware, at least, tend to side with the company's who were trying to be taken over. >> you're absolutely right, they tend to be pro-corporate, pro-merger, so what we have here is twitter likely going to be asking this to be fast-track, that there be a trial, a billion-dollar breakup fee if muska is able to get away with that, it's unlikely to happen, the likely scenario is what was mentioned, a settlement, something between a $5 billion to 10 billion-doll

cien que reciben el tratamiento segÚn los estudios clÍnico, el presidente irÍa maÑana domingo a delawareracias javier. >>> las inundaciones en kentucky dejaron 25 muertos pero el gobernador reconociÓ que al continuar labores en las Áreas afectada la cifra autorÁ se espera que maÑana el mando tar visite la zona afectada, las condiciones en el terreno han im pido miento saber la magnitud de daÑos muchos residentes fueron rescatados en helicÓpteros y botes. >>> estaba todo cerrado al otro dÍa que pudimos salir de nuestros hogares, un dÍa nos quedamos ahÍ pasaron los helicÓpteros nadie nos podÍa ayudar no habÍa dÓnde salir pues. hasta el otro dÍa que pudieron pasar por nosotros en unos lanchas. salimos, venimos a ver cÓmo estaba aquÍ el restaurante. el presidente biden ofreciÓ ayuda del gobierno federal. >>> en otro punto del paÍs se lucha contra el el tiempo fuertes vientos y altas temperaturas propagan las llamo del incendio, en el norte de california cien residentes han sido evacuados el fuego ha quemado 30.000 acres lo que obligÓ al gobernador newsom a declarar estado de emergencia. los

returning for their second day with a total of $20,000, from beard delaware-- from bear delaware, it's the champs, it's the roberts family. [cheering and applause] eugenia: yes, yes, yes, yes! steve: and from provo, utah, fonoimoana family. [cheering and applause]

one recipient among many is the delaware val river basin grant, it protects the delaware river. this commission, which is made up of state governors, as well as the commander of the u.s. army engineers north atlantic division, has been a major player in protecting health and safety all over seven million americans spread over 13,000 square miles since 1961. the commission utilizes grants administered to programs for a variety of projects, including protecting local fishery habitats, maintaining fishing populations in the delaware river. these projects serve both an environmental purpose to protect our local wildlife, but also our local industry and access to healthy waterways, support for millions of dollars in local economies. re-authorizing the delaware river basin conservation act allows the u.s. army corps, as well as other environmental nonprofits and local governments the funding for the necessary environmental protection and conservation efforts needed to keep our citizens safe and healthy. in my home city of philadelphia, the delaware watershed conservation fund was the