this is bloomberg. ♪ >> this is elon musk being elon musk. >> this is so elon musk. >> him doing what, stirring up the pot. >> i think he's angling for a cheaper price. >> he didn't have a problem raising. >> i would want to do anything i could to get out of the deal of the price he set. the price makes no sense. >> it is looking increasingly unlikely to be the final bid to the extent there is an acquisition. >> twitter was not as mispriced as other equities have been. >> when it is ready to be acquired, i think elon is attempting to lower the price. emily: welcome back to "bloomberg technology." i'm emily chang in san francisco. sticking to that story and elon musk. putting his deal to buy twitter "temporarily on hold," later clarifying he's committed to the acquisition. ed ludlow has the latest. we just heard reid hoffman, a friend of elon musk, we think he's serious and has a plan. ed: he thinks he's serious, i heard he has a plan. a lot of doubt in the voices across the market. twitter stock down 9.7%. the biggest drop since october. the reason we are following the share price in

their worry is more than elon musk. it is the population of people that believe outright falsehoods. can you talk about that a little bit? guest: i didn't hear the entirety of the question but i got the gist. this is a challenge not only for social media companies but for the world where what do you do in an age where everything, including truths is doubted. i think this is a challenging time for the united states and people in other countries where there is so much division and disagreement and you don't complicate the matters when you have these tools of influence that have different mechanisms than we have seen before. these are new companies, twitter is 16 years old and we are in this environment where our american ideology is being altered by fall speech. what you do when these software algorithms make viral information that might be untrue but interesting. we know that lies can spread more quickly than facts and undermines that facts can be the curative's for lies. what can we believe and how do we win this one? -

what elon is saying is true. worked hard to get joe biden in as president and am a big believer in the values that the democrats represent, and they have achieved nothing. they achieved none of the agenda that they set out to achieve and they really disappointed big supporters like myself, and especially entrepreneurs, who they attacked, constantly saying we don't pay our fair share when we do. they push, especially successful entrepreneurs, out of the democratic party. i'm one of them too. emily: speaking about an entrepreneur who is now out at twitter, the era of jack dorsey is officially over. we knew this was coming, no formal role at the company, but we can assume he will have some influence. what do you think it is the significance of jack leaving? ross: i think he will be back. emily: how so? what do you mean? ross: i think he's dealing with this elon stuff. i be surprised if he's not working with elon at all. he seems to be on twitter, jumping on arguments that elon is making, defending his positions. i t

tony: elon is an innovator and a brash one at that.to congratulate him on how he shamed the auto industry. we look back at the days of the oil barons and they bought media to shape the message. i think there are some echoes of that in elon trying to purchase twitter but there are things twitter needs to sell and hasn't sold for many years in terms of the algorithm. some of the innovations in terms of editing tweets and deleting tweets, content moderation. that said, you can go all the way the other way where there is no control and you remove everything and become something reminiscent of for chan or whatever the latest toxic social media network or platform is. i hope elon is able to look at this and say i'm going to divorce the world of the algorithm and revenue from the tweet stream and amplify messages that have ugly information, things that cause genocide. we need to separate the capital and revenue from the messages amplified by the algorithm. that is when you have the toxicity that happens because if it bleeds it leads, you know

ross: elon musk and i are in the same camp.e are both x democrats and i am never going to be a republican, because i cannot stand them. but you know, i have become an independent voter appeared in ethic what elon musk was saying is true. i have worked very, very hard to get joe biden in as president and im a big believer in the values that the democrats represent and they have achieved nothing. they have achieved none of the agenda that they set out to achieve and they have really disappointed big supporters like myself and especially entrepreneurs who they have attacked and constantly said that we do not pair our fair share, when we do. so it's just -- they have pushed -- you know, successful osborne oars out of the democratic party. and i'm out of them too. emily: jack dorsey, the era of jack dorsey is officially over. we knew this was coming, nor formal role of the company now, but we can assume he will have influenced or his tweets will carry some influence. what you think is the significance of jack dorsey leaving? ross: i

elon and the board. think that affects shareholder value. emily: last time you joined us, he said twitter faced and not good outcome either way. given the price elon and twitter agreed on is much higher than the price it's trading at today. jason: it would be a great outcome for shareholders. jasmine did a great job setting the five in the valley in terms of what we are headed into an it is very much a 2000. feeling. graybeards like myself are counseling younger folks, talking about the last bust as though it was the dustbowl, when we didn't have crawdads, we ate sand and here is how you survive. all of this received wisdom from the last bust. there is a lot of feeling this would be a great outcome for shareholders. however, it's a great outcome for the product or for employees. because elon's plans for what he would do have proven to be so unserious that he's just shut up about them on twitter altogether. emily: how worried are you about the future of social media in general given what we just saw and a

elon musk could make that happen through his deal.mily: musk said he would be twitter's ceo for a time, but is it possible that jack dorsey comes back as ceo as well? sarah: that is possible and it is one of the top names that is speculated. elon musk running it or a few what -- for a few months may be something that is trying to get investors on board with the plan. he has a bit of a midas touch when it comes to the things that he says are going to work out. he certainly has lofty plans that he has put forth for twitter, but he has this cult of personality that when he takes charge of something, people listen and come on board. maybe he should convince jack to come back and run twitter or maybe he has somebody else in mind. emily: what do you make of that thought, ed, given that elon musk runs another company? ed: he has the talent sharing material this goes between from tesla and spacex. he has tweeted a lot that twitter is ultimately a software company and he has talked about making stakes of twitter the underlying technology. he h

what has elon done overnight? laura: keeping up with elon musk is a full-time job these days. he believes that 20% on account of the social media platform, there are big issues on the platform. yesterday twice the -- tesla and twitter trading down. there is continued convictions in the world's most valuable electric vehicle maker. this deal was thrown into jeopardy on friday after his team said that they disagreed on a statement of less than 5%. the spread between that bid price and twitter share price reached a new record yesterday, just shy of $17. you can see the social media platform has given up all of its gains which we first learned that elon musk has become the platform's largest shareholder back on april 4. the next thing we talk about is this argument on twitter between elon musk and twitter's ceo, parag agrawal. agrawal states that it is difficult to just know how many mai tais a bull daily active users there are on the platform. elon musk asked how it would retain value for advertisers. it looks like they would not find any other buyers on this stage. dani: the new

the twitter and tweets from elon musk.ine: i wonder if spam is unwanted publicity or unwelcome to robots. tom: there's a lot of questions he wants answered. switching focus, the planned secession of finland and sweden to nato as --president erdogan says he will not allow the nordic nations to join the alliance. ukraine is calling on european leaders to approve its candidacy status at the eu summit next month. the foreign minister spoke exclusively to bloomberg's maria tadeo. >> this is really the moment for europe to take itself to the next level, to legally enter ukraine into the eu integration project by granting the candidacy status. tom: joining us now is -- this seems to be a major span thrown into the works by turkey. we heard from the nato secretary-general in the last few days saying that turks will sign off on this. does not look that way now. >> certainly after his comments on friday, the turkish president seems to be digging in. the view from nato states is it will be fine. turkey is saying hang on, we are not c

elon musk.e is trying to line up even more equity financing so he can do away with the entirety of the margin loan portion of the deal to buy twitter. there could be some relief on paper for tesla but still down .8%. emily: another date, another twist to the elon musk story. i want to talk about apple falling again, behind saudi aramco as the world's most viable company. our guest heads-up a team, so is this a changing of the guard or a momentary blip? >> will, not much is happening if you take a step back and look at it in the perspective of the world i'd look at on a daily basis. it is down 20% from the highs, 17% from the average value of the last 18 months. look at tesla, down. amazon, down 30%. google down 30%. apple on the relative basis is doing quite all right. and there are a lot of reasons for that. they have done very well. they have grown to the last five years, earnings, more than 20%, and they have been very well in the recent context through the pandemic, through inflationary pres

elon musk proposed to take over twitter but now it is on hold.e announced the delay in a tweet, it has to do with details supporting the calculation of spam and fake accounts make up less than 5% of twitters users. the senate is postponing a final passage of an aid package after rand paul refused to allow the vote. he is demanding lawmakers added a provision to the point, and official oversight powers. they will vote next week. jerome powell has reaffirmed his plan for raising interest rates to fight inflation. in interview with the marketplace radio program, they are likely to raise rates by half a percentage of each of the next two meetings. they are considering a 75 basis point move. chinese officials accept a timeline for ending one of the longest and most punishing lockdowns for the pandemic. shanghai will stand out community right for coronavirus and start opening the city may 20. it has been in place almost six weeks. shares of robin hood are soaring in premarket trading. cryptocurrency billionaire sam has taken a 7.6% stake in the trouble

that's why we encourage elon musk to buy it.ch tyrants. >> martha: elon musk calling that fake news that president trump encouraged him to do this $44 billion twitter takeover, the tesla ceo tweeting today, this is false. i had no communication directly or indirectly with trump who stated that he will be exclusively on truth social. in moments, trump media and technology group's ceo devin nunes response to this back and forth. first to kelly o'grady. hi, kelly. >> hi, martha. there's been a lot of speculation around what motivated elon musk to initiate this twitter takeover. he's been very vocal about his open town square vision. who motivated him is even more murky. reports are surfacing that musk did not confirm or deknee that he was receiving behind the scenes encouragement from influential billionaires, investors like jack dorsey to the platform's lack of clarity since stepping down. musk was also growing extremely frustrated by key accounts and much of the conservative reaction to the bid expressing hopes of the billionaire

unfortunately, it feels like elon musk is a cat playing with a ball of string.d: a cat with a ball of string, what you are feeling -- hearing is in the background it is business as usual. >> everyone that i have been talking to is under the impression that the deal with proceed as planned. one big sign of that is that the proxy filing hit yesterday morning. that is the big document that explains how the deal came together. it is under that is put together with coordination of the musk camp and the twitter camp and is something musk would have personally had to have signed off on before was filed. it is a proxy to outline the deal. it is a clear indication that both sides do see this deal going forward despite the tweets we are seeing on twitter. >> i have a question, all of this chatter, all this noise in the background about bots and whether or not he had all the information he needed before he agreed to this deal. what happens if he decides, i do not want to pay 5420, what does he have at his disposal? >> a lot of people talk about the fact that the deal has a

today we are going to look at three grand plans, the first comes from elon musk.tter has become kind of the de facto town square, so it's just really important that people have the — both the reality and the perception that they are able to speak freely within the bounds of the law. since elon musk said that, he's had a multi—billion dollar offer for twitter accepted. we'll unpack what that means. the next plan we are going to look at is one that's come to a shuddering halt. this was just a few weeks ago. cnn is an icon of the cable and satellite age. but now cable is competing with streaming and there isn't a streaming subscription service for tv news in the united states. so if you were creating a news product from scratch in 2022, how would you build it? that's one of the questions, one of the starting points for cnn+. it's the biggest bet any company has made in the news streaming world. cnn spent millions of dollars on its new streaming service, cnn+. but within weeks, it had been canned. and as that was stopping, well, rupert murdoch was starting something.

i see the way elon musk uses twitter and it reminds me of when it no.putting anything out you want to stir people up and say that was a joke. people have been heard from what has been posted on twitter. careers have and lives that have been destroyed from twitter posts. we have to be very vigilant about it. i have to say, he could walk away by in just $1 billion in the deal. >> right. right, right. >> pocket chaise to him. that should be part of the story too. someone has that much money and that much wer. i feel he is making a power move and controlling a very public square of information. >> absolutely. let's turn to a story about people who do not have as much power and do not have influence. hearing seven happy this week about the proposal of governor newsom to implement care courts to address issues with homelessness. you have been following the hearings. >> interestingly i think obviously this is aimed at homelessness but really it is in the severely mentally ill but i think they are trying to make the distinction. this court could help people who

>> elon musk is absolutely right.o recognize, i've said this for years on your show that china is the true threat to america, not republicans and democrats. we need to stop the infighting and be realistic recognize china is country of 1.5 billion where people work their fingers to a bone, we're a country of 330 million, a significant portion refuse to go to school, refuse to go to work, vocational jobs. frankly in a country where identity politics replaced patriotism. this cannot stand in america. we need to change our ways or china will take us down. elizabeth: because that's the point. we're about america. we're about liberty and freedom and you know, really, really helping people in all walks of life get ahead. now we have this other poisonous conversation going on in d.c. your final word, ford? >> look i believe in the american worker but i will say this when it comes to republicans and democrats, they are too focused on destroying each other. not focused on strengthening our democracy because free speech bus not

so those are the details of how elon musk has ended up in the situation.g thinking, ok, looks like he's going to be in charge. how's my experience of twitter going to change? for example, he talked about sharing the algorithm so we all understand why twitter is showing a certain tweets more than others. in a practical sense, if me, you or anyone else opens up twitter what do you think the big shift would be? we don't really know. he's made very limited comments so far about what he plans to do about content moderation. content moderation is the practice of a platform deciding what to leave out, what to take down, what to take down, what to amplify and what to supress. but based on his limited remarks and based on some of his tweets in the last few days, just as personal behaviour twitter, i think it seems like he is maybe going to open up, make it more open some of the — eliminate some of the decisions that previous twitter management has made, which would give rise to a lot of ugliness on twitter. bullying, hate speech — all of those things. i'm very, ver

in this case it's all about elon musk, and that's what elon musk likes which is attention on him andnd his thoughts and this is what he wants to buy. he's rich and wants to buy it. >> and he's getting the attention. kara, dan, thanks very much. >>> roundtable is next. thanks . >>> roundtable is next. - i like him! - c'mon ? nooooo... nooooo... quick, the quicker picker upper! bounty picks up messes quicker and is 2x more absorbent, so you can use less. bounty, the quicker picker upper. i don't just play someone brainy on tv - i'm an actual neuroscientist. and i love the science behind neuriva plus. unlike ordinary memory supplements, neuriva plus fuels six key indicators of brain performance. more brain performance? yes, please! neuriva. think bigger. (vo) verizon is going ultra! with 5g ultra wideband in many more cities, you get up to 10x the speed at no extra cost. plus six premium entertainment subscriptions, included! like disney+, music, gaming, and more! (mom) delightful. (vo) saving you over $350 dollars a year. and for a limited time get a 5g phone on us! no trade-in require

twitter will have an impact on politics will expand the influence of elon musk.ll be able to manipulate information, and this whole story, of course, looks beautiful, but musk himself has not yet declared openly about his presidential ambitions. no, maybe in principle to state this, because according to the american constitution, only the person who was born in the territory of one fifty states can become the president of the united states. elon musk was born in south africa, but there are always loopholes, for example, he could lobby for the process of amending the constitution, however, billionaire. can always become a gray cardinal. just supporting someone, but who knows, maybe his ambitions stretch. much further than the white house lawn, that's good. known. whoever owns the information owns peace andrey sukhanov ivan malyshkin pavel tolstov. and denis gerasimov central television. well, let's return to russia again. because there is important news for ntv viewers immediately after our broadcast on the tv channel, the big premiere of the film immortal from di

i think elon is attending to lower the price here.: we don't know what that price will be, but what we can do is try and work out what we think it is worth. what do you think twitter is worth right now? adam: it is hard to say. you have in the last couple of days, yesterday you saw some buying in the tech sector that had been really washed out and out-of-favor. obviously you have an extension of that rally today. if you see someone for a floor underneath the stock you were probably looking at something in the mid to high 30's. it would probably be a floor as far as a twin evaluation. but it is really up in the air. i think a lot of it will be dependent on the market. there is still a twitter shareholder vote that takes place when the offer is made, so he spoke earlier in the week at the financial times event, as your prior conversation noted. he sounded a bit ambivalent, and i think a lot of that has to do with how in flux tech markets are. a big concern was also what was happening with tesla shares. this can obviously really create s

elon musk is at it again. twitter report says it's committed to the billionaires original takeover deals despite his concerns. the tesla ceo using the social media platform to vent frustrations on the ev maker getting yanked from the index. all of that later this hour. let's get a look at markets paying for stocks. the s&p 500 suffering its deepest one-day drop in almost two years. here is the latest. consumer retail tech all in the red. >> all in the red, and it has been nothing short of brutal when you have the s&p 500 closing down from 4%. the nasdaq 500 being weighed down from 5%. you have this at heavyweight like apple and amazon down today overpriced in today's session and big tech not being held by the fact that we did have lower yields on that 11 basis points and that's really not helping the markets out today as we fall back into safety and treasuries. when we talk about that risk off sentiment we have to talk about bitcoin. below that $30,000 threshold there and if you actually think about it coin, a

>> i don't follow elon musk. wants to do. >> i think he says he's voted democrat his whole life now he's voted republican. >> fine. i'll go find somebody else who says the opposite. i mean, who case >> katie: jessie she's been tweeting obsessively about elon musk and billionaires how they don't pay enough money. she's definitely. >> jesse: it's like a girl obsessed with a guile and all of a sudden i don't care about you >> katie: who cares >> jesse: musk was right the democrats were always nasty but they got really nasty are the resistance. really nasty. and we could tell how nasty they got and he didn't change. he's always been kind of the common sense independent guy and he bought into the whole liberal thing, i'm nice, we care about people. and then it turns out they don't care about people. they care about power. and we saw it on social media, how vicious they can be, saw what they did to trump and all of his supporters. and now he's thinking to himself saying hey, i didn't go anywhere i stayed right here, ev

elon musk is now putting this deal on hold.t do you make of this once again in his typical style, he tweeted out this news that the deal is on hold, the stock is plummeting this morning, your reaction. >> usually when you do a deal maria you do diligence and make an offer. he does that way around. he submitted an offer and now doing due diligence. the stock is unchanged. now he's getting underneath the hood and looking at all the anomalies, things -- how many percent is this, my guess this is to further negotiate. the stock will come down and maybe come back with a different offer. i hope he gets it because of free speech and all the reasons why we cited before but at the end of the day i think this negotiation tactic to bring the price down lower and for him to scoop it up cheaper. maria: yeah, james freeman jump in here because when elon musk first took on this deal he said he wanted to do away with the bots, do away with the robots on twitter. devin nunes was on this program a couple of weeks ago saying there's so many bots

i get why elon 420 is great for him. that's a giant, a giant hair cut.ls like the merger agreement isn't adequate to force them to close. to go to court force him to close i don't know. >> it is also a tough thing here because gene mentioned a political turn and wants the asset. thinking about the other asset that's $682 million and that's talent those are the people buying electric vehicles. the party aligned with don't seem to care about the climt concerns and joining the tesla company and risk there as far as tesla's business twitter's business is eroding and who knows what's happening with tesla >>> energy continuing the climb today and traders home in on a name "fast money" is back right after this >>> welcome back energy adding to the big run this year. exl up 55% tony joins us with the action. tony >> yeah. as crude and energy here is trading near a relative highs we see a trader betting on muted outlooks for a particular stock. chevron. taking advantage of the implied voluntarily killty here selling 2500 contracts of the june 175 straddle collect

elon musk why the american establishment turned on the eccentric billionaire? what threat did the powers that be see in him and why this time the hand of moscow certainly has nothing to do with it, the cinema will not be just popcorn in russian cinemas, a critical lack of repertoire. is cinema doomed to extinction without western premiers of the russian industry? and also the special guest of the program, actor sergei puskepalis, how did he become immortal? last week, the fantastic superfinal your illusion died down. let's remember the best moment from the third season of our favorite mask show, touched my soul. scored at the subway, i became a friend to retire quietly and give this country to you better mask today at 20:30 on ntv, it seems to many that after 60 life fades and in vain, in fact. this is a very exciting age. you are a super 60+ new season from may 15 at 20:30 on ntv live on central television and we continue to announce the biden strategy. postponed yet again is us secretary of state anthony blinkin, who was due to deliver a summary of white's ne

. >>> just now, elon musk tweeting the twitter deal is temporarily on hold. twitter stock is cratering tesla soaring. it's friday, the 13th. dah-dah-dah. "squawk box" begins right now. >>> good morning welcome to "squawk box" here on cnbc we are live from the nasdaq market site from times square. i'm rebecca quick along with joe kernen and andrew ross sorkin. dow futures are up s&p futures youup 40. the nasdaq is up as well this comes after a rough session yesterday. the s&p was off 5 points yesterday. the nasdaq closed higher up by 6 points which is rou roughly .1%. >> crypto stabilized and nasdaq went up. >> let's look at the treasury market the treasury yields came up. 2.897% crypto as joe mentioned and saw a trade at 25 and change this morning, 3$30,360. this trade constantly. what goes down, comes up and vice versa this is where it stands. >> all of the stablecoins stuff got separated from bitcoin it is all related not just from crypto, but money. you need money for one thing >>> we have to get to this elon musk tweeting the twitter deal is temporarily o

coming up, elon musk deems the democratic party the party of hate and division. hi, i'm william devane. did you know there's only been two times in american history - two - when the national debt was larger than gross domestic product? world war ii - and right now. that's a deep hole. and i don't know how we'll climb out of it. that's why i buy gold from rosland capital. rosland capital is a trusted leader in helping people acquire precious metals. gold bullion, lady liberty gold and silver proofs, and premium coins, can help you preserve your wealth. call rosland capital to receive your free rosland guide to gold, gold & precious metals ira, and silver brochure. with rosland, there are no gimmicks, no hassles... and they have fast, reliable shipping. ask yourself. are you safe? make gold your new standard. call rosland capital today at 800-630-8900, 800-630-8900. that's 800-630-8900. >> tech: need to get your windshield fixed? safelite makes it easy. 800-630-8900. >> tech vo: you can schedule in just a few clicks. and we'll come to you with a replacement you can

for a changing world. ♪ >> this is elon musk being elon musk. i don't see him turning back. if he did turn back twitter, there would be some sentiment reset. but i think on their fundamental basis, i don't think he paid much of a premium. i think that twitter was not as mispriced as, you know, perhaps some other equities have been. tom: no one on the faang stocks have been more right and has been less humble than barton crockett. thrilled that mr. crockett was with us this morning, particularly his enthusiasm for alphabet, and the others, not so much. with the chart of the moment, ritika gupta. >> let's talk about the twitter deal that is hitting tesla. it is taking a macro swing. we are shaking things up. twitter and tesla shares normalize on a percentage basis going all the way back year to date. what you will see is it since the deal was announced or even thought about on elon musk's twitter account, you see this variation. twitter shares have been relatively stable, kind of being fixed to that offer price. tesla shares, on the other hand, have taken a dive. a lot of this

what do you make of this elon musk tweet?here is the thing, elon musk getting past his business interest, if he wants to be cool and a guy that smokes weed on podcasts. he is making a lot of juvenile jokes on twitter. it is hard to align with the democratic party because it is just not cool. i understand they have abandoned all of their principles. it's not that the people have abandoned them but the democrats, the free-speech party is a party of censorship, drugs, rock 'n' roll and the party of like social construct, the only drugs they want to take is a pharmaceutical vaccine. they don't like rock 'n' roll because a singer might have tweeted something offensive five years ago. no one wants to hang out with the party of the fence and outrage. carley and todd, you know this. you will never be with a party and hear someone go "oh, i can't wait for a guy that gets appended at everything that shows up." and you will never hear it. elon musk he doesn't want to be aligned with that song. so this has me on business but a personal b

how does elon musk not know about this? surely he is in contact with management but there is -- but if there is one thing he has been consistent of doubt, -- consistent about, he doesn't like bots on the plat form and the volume relative to other users may or may not be new information but why bring that up now? it's hard to understand the timing. kriti: let's talk about the deal premium. they were down as much as $36 earlier in the session but even before today's news, you saw this lack of convincing tone when it came to the way these shares traded. >> you are right, we are at $41 per share on twitter and the spread between the $54.20 and current share prices are widening and we use that as an indicator that wall street perception of whether this deal would happen or not, that's the spread you see on your screen. we are following these events in the market is assigning a 40% probability whether we have the trade or not. we need to remember what's been happening in the broader context of technology stocks. we have seen a ma

elon: at's unreal. female: three, two, one.cessfully launched what it calls its falcon heavy rocket. the falcon heavy is a powerful reusable rocket that can carry the world's biggest payloads into space. elon: it was super-stressful, but it worked. male: stand by for main engine cutoffs. anna moore: elon musk challenged the status quo on how we access space and said, "no, it doesn't have to be done the way we have been doing it for years." we can make it cheaper. we can make it more available to anyone. and honestly, i think a lot of people really doubted that was every gonna happen. and he proved them wrong, and so it's been-- it's been a hu catalyst. michael: the splashdown of the spacex dragon manned flight this month was another game-changing moment in the history of space exploration. male: splashdown. male: welcome back to planet earth and thanks for flying spacex. jonathan: but has a bigger significance, i think, that it's saying that low earth orbit's no longer the frontier, that we can focus at nasa on further horizons

and later, elon musk's twitter war.e democrats but also takes a shot at the far right. ♪ ♪ with my credit cards wasn't good. i got into debt in college and, no matter how much i paid, it followed me everywhere. between the high interest, the fees... i felt trapped. debt, debt, debt. so i broke up with my credit card debt and consolidated it into a low-rate personal loan from sofi. i finally feel like a grown-up. break up with bad credit card debt. get a personal loan with no fees, low fixed rates, and borrow up to $100k. go to sofi.com to view your rate. sofi. get your money right. ♪♪ (music) sofi. get your money right. who said you have to starve yourself to lose weight? who said you can't do dinner? who said only this is good? and this is bad? i'm doing it my way. meet plenity. an fda -cleared clinically proven weight management aid for adults with a bmi of 25-40 when combined with diet and exercise. plenity is not a drug - it's made from naturally derived building blocks and helps you feel fuller and eat less. it is

emily: are you calling elon musk fluff? kavita: i think he's a visionary.ably thinks over years he will build. it's like 10 years passed he said he would put people on mars. he has put a spacecraft on the therapeutic there has been -- spacecraft on there. but he's put a spacecraft on their. -- there. it would be great for tech and people, but is it possible in two or three years? i don't think so. emily: looking forward, the market is still reeling from the terra debacle. what is next for stablecoin? kavita: i think we have to make a d 30 asian -- differentiation. the definition of stablecoin came. you have to show in audits, to results to they really haven't dollars, cash equivalent, bonds, treasuries, etc. to support it. i think terra is different, it's been on the problematic side. one thing we've learned, though the decentralized world will also push away and have a different version of programmatic stablecoin, we don't have a lot of gaps as of now, as terra has shown. will there be a problematic stablecoin -- programmatic stablecoin? i believe so. duri

that comes from elon musk.he twitter deal is temporarily on hold pending details if spam and fake accounts represent less than 5% of users. tom: this story tires me to be honest, but i will say if this is a question now, why wasn't it a question two or three weeks ago? because as a heavy twitter users i have lived spam accounts, i think it is delusional to think they are 5%, but so what, this issue should've been brought up weeks ago. jonathan: i think many people would agree and we have to be careful not to get wrapped up in the noise of the morning and focus on the stuff that matters, you have the financing lined up. something that elon musk has signed off on that means that if he wants to, even if he gets through the issue that he is ready to close a deal. lisa: he has talked about 7.1 billion dollars in other equity financing commitment from other investors any that he has to account for the rest and he is concerned clearly about tying tesla shares to any loan or financing agreement and there is a larger is

elon musk sold 8 billion worth of tesla shares after making a deal to

next, back to twitter, elon musk putting up another roadblock to his acquisition.l has to do with fake accounts. we will talk more about this next and probably more after that, as well. this is bloomberg. ♪ alix: session off .5 percent for twitter. elon musk's says he will go ahead with the takeover, however the social media platform needs to verify its claim about the number of fake accounts. joining as is bloomberg's ed ludlow. can twitter actually do that? ed: about this whole thing, on april 26 when elon musk agreed to buy twitter, he waived the due diligence. and the language twitter uses in regulatory filings, lesson 5% of users being bots, with the caveat the number could be higher or hard to estimate, has always been that way. april 25 was a long time ago now. the idea that there was a lack of understanding to musk is hard. elon musk has been tweeting a lot, his opinion visible, but he cited the ceo in saying he refused to give some of the data behind twitter's methodology. and if you look at the ceo's tweets, he points out that they met with elon musk week

i will take elon every day.s is un-american. this is orwellian. as rand paul said with the hearing with mayorkas, the u.s. government is the biggest purveyor of disinformation. we don't need them to be the arbiter of truth. it hasn't worked out for facebook. it hasn't worked out for twitter and it will not work out for the u.s. government. elizabeth: kara, always a pleasure to have you on. come back soon. another white house misfire, canceling student loan debt. both democrat and gop lawmakers they don't like this. this could cost taxpayers hundreds of billions of dollars in higher taxes. including for students for all the blue-collar workers who did not get a college degree. we have the story next on "the evening edit." >> to allow people greater grace to pay off the debt at slower pace or interest on federal loans on that, may be one thing but telling people will wipe this out, you signed paperwork that havepay this back, that is a whole issue for me. ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ new projects means new project managers

but elon has had an issue with bots. he has made it part of his campaign of how he is going to clean up the service and what he will do to clean up twitter. he says he believes it is higher and we have seen the twitter ceo going back and forth with elon today trying to explain here is how we measure bots, and elon replied with a poop emoji. he clearly was not interested in the explanation, and i think that is a big sign as to why he is saying this is on hold. he wants more answers. taylor: you are not allowed to use that emoji with me. kurt: i would never. taylor: mandeep, you have been commenting on this similarly. you take a look at the bottom up analysis of these companies, actual fundamentals, revenue growth, profitability. how do you think about the percentage of bots, the impact on the health of this company? mandeep: clearly it is a bigger problem with twitter. you take out, let's say, 5% of the users are bots. so the amount he pays per user goes up. you look at a comparable like snapchat or pinterest, right now i

elon musk says he is concerned about bots.e accounts often used to spread misinformation in social media. twitter previously disclosed that less than 5% of accounts on its platform are those spam accounts or bots. questioning that estimate. or at least, so we think. joining us tonight, dr. nolan. social media studies at cal state, east bay. nice to have you back on the program. what's going on here? you tell us from your perspective. is this perhaps a ploy to buy twitter for a cheaper price for elon musk? >> it is a great question. musk appears to be using the real problem of fake accounts to distract from something. some thought maybe he was distracting from his finances. others think may be a complex negotiation strategy. regardless, it seems like an odd behavior to publicize in a company you are attempting to buy. >> the whole thing about this is odd. does twitter have bought problems? are they hard to spot and remove? >> they are largely private unaccountable company. only the folks of twitter would know that. we as users

elon musk, not somebody on the right.al enigma but it's a threat. >> it's the playbook. they have the story written before they have the facts or lack thereof. my favorite are some of these former schoolmates who were black and are black and they are like yeah, we were friends, he's great. there is not a single shred of evidence to support this narrative they are putting it out there anyway because they have to. because their preferred narrative is under threat. because if elon musk returns twitter to the free speech place that it should be, to the town square that he wanted to be that's bad for business for the legacy media. they've got to attack at while they still have a chance. >> let's be honest, this boils down to letting president trump back on the platform. >> 100%. >> you know it's ironic about that? trump saved the legacy media by the near times was going out of business, look at what happened. last would have for sale in the first place? when he got out of the office twittered the stock was $70 and it's gone do

here's comments on the price. >> is it a good deal for elon? for twitter?have a lot to do he's got tesla, a very boring company. he's got the very boring company. spacex, not interesting, shooting these rockets up and running the global satellite system and then, you know, he's got neurolink where not only he's trying to bore a hole in the ground but bore a hole in your head and suck your consciousness on i think he's one of the most incredible, exceptional entrepreneurs of all time, maybe the most exceptional entrepreneur of all time fascinating to see that he's so interested in this asset. >> is it a good asset? >> well, i've always liked the asset. and my investors asked me not to buy it so i didn't but i've always been an admirer of the brand, the asset, the technology i think it's a great company. >> elon is a genius as marc benioff said one of the best entrepreneurs of all time he's paying too much for twitter. i think the fair market value of twitter in my humble opinion is $25 to $30. >> that's a long way off from $54.20. >> yes, it is. >> maybe one

>> i don't give a damn about elon musk.h more concerned about helping out my constituents, and protecting them from being discriminated against in school and any other place. what's billionaires are doing when they're wasting $44 million on the stuff, when they can be feeding every congregate in america so many times over, i just don't have the capacity to really care about what he wants to do compared to the very basic essence of making sure that all of my constituents, that they are treated fairly, and they are being respected by the very people elected serve them. >> i thought a lot understand your sentiments about not giving a damn about elon musk. the problem, is sadly, that voters hold a lot of hate speech and bigotry. but danica, rome congratulations on the, book thank you so much for appearing on the show tonight. >> thank you for inviting me, it's good to be here. >> coming, up is it actually a way for republicans to stop trump if he runs for president again in 2024? i'm not so sure myself, but but journalists, mar

that was elon musk talking about that. what is your take on elon musk pushing back in that way?solutely should push back on it. he considers himself a free speech absolutist, frankly the media in this country last 10 years, corporate media and social media has been biased towards one way, towards democrats. he is absolutely right. he is new sheriff in town to allow speech going forward. >> he was on brian stelter's show, this went viral, you cannot let these guys meaning elon musk control discourse in this country. quote, we're headed to hell. trump opened the gates of hell, they're chasing us down. how will we control the channels of communication in this country? he said how are we going to control that? what do you think of that? >> this is classic liberal hypocrisy and over the top hyperventilation. what this cnn media analyst is saying that elon musk purchase of twitter threatens the democrats ability to control the narrative. even more jaw-dropping the government should do more to regulate the first amendment because only trusted media folks like this person should be allo