more so for elon then me.hen it came down to it, they asked if we wanted to invest and i said yes because i stick with elon. he has made a lot of money over the years and i have confidence in his ability to turn twitter around and make it a better platform. it was only after i heard the business plan that i was can this was an incredible opportunity. that is why i am backing it at i don't really have a role i'm trying to get on the advisory board or content moderation board. i think with my background in media and communications, studying free speech at the same time elon was studying there as well. being a liberal jewish mostly democrat, i think people will be comforted to know somebody like myself would be involved in this decision-making. i have made my pitch to them and we will see what happens. emily: you have seen the busy plan. -- of the business plan. what is it? what are the plans? >> first of all, there are two parts. twitter 1.0 and twitter 2.0. twitter 2.0, i am not sure even eli knows how that wil

elon musk is denying it.avid: categorically, elon musk -- ed: categorically, elon musk has denied he spoke directly with vladimir putin. one source said he spoke to elon musk about two weeks ago i had not planned on revealing that conversation but decided to in his own newsletter after he saw elon musk's comments on twitter about ukraine and he said that muscat told bremmer he had spoken to putin about the issue of ukraine, which was controversial. musk denied its, then went further and said he hadn't spoken to putin for 18 months, which predates the current conflict in ukraine. emily: d.j., why do you imagine musk would present the starlink issue to the public, and whether he spoke to putin and the controversy over his twitter poll in general? d.j.: i find it dumbfounding. musk got into a lot of trouble, politically as well as reputational he -- reputationally, for making this statement about russia. he got a lot of favorable press in russia, not a good thing. the timing is very bad. because it is on the hee

elon musk is a meme starter.f the biggest meme tweeters, he's the but of a number of memes as well. what do you think him owning twitter means for the platform? >> when he first started making hay, i thought it would be nonsensical. now that it is going through, one of the things that we looked at is what does elon musk like to tweet? he tends to get right in the middle of very important world, historic, geopolitical flame wars. just recently with zelinski about the war in ukraine. he's not a politician, but he's very much a political figure. and he now has bought one of the most consequential communication technologies of our present day. and so we have to be on alert and very careful about charting these changes. when he said he was going to buy the platform, many good employees left right away. i'm afraid that the people who are there that are doing excellent work are not going to want to stay there because of the political climate that their new boss brings. emily: you make a good point that in the last 24 ho

twitter is talking with elon musk.eah, they have not said sure we trust that this offer you have made is legitimate and we would do this. we have not seen any joint statement or any end to the saga. we are staying tuned for what they may decide, and hey, if they do not come to an agreement, then we might see elon musk deposed for next couple of days and disco to court as scheduled. emily: our understanding is twitter could ask the court to provide a consent judgment, if you will and create an agreement between the court, twitter, and elon musk. not just twitter and elon musk, that would be enforceable in a court of law. we are getting a glimpse into his vision for the social media platform. what does he mean by the x app? >> he talked about the idea of having an app that would compete with wechat in china. we have seen this from mark zuckerberg, evan spiegel, no one has pulled it off. i think that is a big ambition of a lot of folks. it's just that the internet may not work the same way here. we will have to see. emily

it started with a poll by elon musk. >> elon musk sent several tweets throughout monday. the two key points were that first he suggested a negotiated settlement between ukraine and russia, implying that crimea, which is an annexation of russia, should remain with russia for good. obviously these are strong words for elon musk we saying. -- for elon musk to be saying. he posted a a further poll later in the day saying citizens of those areas of ukrainian territory that russia is trying to annex, whether or not they should be given an opportunity, to vote on their own futures. there has been a sharp reaction from all corners of social media and diplomatically to what elon musk has had to say. emily: including from president himself, responding with a twitter poll of his own. which elon musk do you like more, one who supports ukraine, or one who supports russia? david, what is your take on all this? david: it's fairly easy to have a take on, i must say. i think musk falls prey to a number of dangerous ideas. one is, if i'm so rich, i must be smart enough to solve anything. t

only elon musk knows _ some other ideas? only elon musk knows exactly - some other ideas?other ideas? only elon musk knows exactly what his i musk knows exactly what his plans are, and there are two courses of action here, doubling down on advertisers and ensuring that it is an advertising friendly place however, that is at odds with what he wants to do, relevant to loosening moderation, if there is more disinformation and hate speech on the platform, that becomes a place where it is not safe for brands and advertisers are going to pull out. the other option is for it to become a hybrid or full subscription service in order to gain revenue but that is notjust order to gain revenue but that is not just a order to gain revenue but that is notjust a switch that you can turn on. is notjust a switch that you can turn om— is notjust a switch that you can turn on. interesting. one thing we — can turn on. interesting. one thing we know— can turn on. interesting. one thing we know that _ can turn on. interesting. one thing we know that in - can turn on. interesting. one thing we kn

in terms ofthe concern for elon musk. in terms of the likes _ concern for elon musk.rn for elon musk. in terms of the likes of donald _ concern for elon musk. in terms of the likes of donald trump - of the likes of donald trump being allowed back and some of the plays being banned from twitter, there are concerns about what elon musk�*s strategy will be? it about what elon musk's strategy will be? , 4, , about what elon musk's strategy will be? , . , ., will be? it starts with freedom of speech- _ will be? it starts with freedom of speech. that _ will be? it starts with freedom of speech. that is _ will be? it starts with freedom of speech. that is really - will be? it starts with freedom of speech. that is really why l of speech. that is really why he started to get into this to begin with, going back to april. that is going to be a tight rope when you work with donald trump and other issues twitter has had because that is part of its problem because you cannot monetise anything and it has been a cesspool as we have seen from a content perspective. monetising is goin

if elon wants to be crazy on his own account, then okay >> and his partners. we will get the chance to speak with walter isaacson with this later. he was at twitter headquarters on thursday. he spent all weekend with elon musk we'll get his take on what is happening. >> who put out the poll? 80%. he put it out himself probably >> i didn't see that >> selecting >> 80/20 80 favorable >>> when we come back, the dow as we mentioned, on track for the best month since 1976. we will talk strategy after the break. before we take that break, here is a flashback to 1976 "rocky" was at the box office. the top show is "happy days. and the spcincinnati reds won t world series gas cost 59 cents a gallon you are watching "squawk box" on cnbc >> announcer: this cnbc program is sponsored by baird. visit bairddifference.com. ♪ ♪ ♪ ♪ introducing ihg one rewards. seventeen hotel brands. six thousand global destinations. one loyalty program that lets you guest how you guest. >>> welcome back the futures this morning are under pressure dow actually down 140 points nasdaq is down 78

do we all follow elon now automatically? i don't want to use the platform anymore so i don't care, but we'll see. >> megacap tech showing a lot of leadership for the past two days for both the nasdaq and the s&p. steph, i'm going to come over to you. just a week ago we were saying it's not as defensive as you might think, maybe it's not the right place to put your money and for the start of q4 small sample size, of course, it's really popping >> well, i'll answer that in a second, but i actually would take the money and run on twitter today. the tock is not trading on fundamentals if elon musk does get this deal done and does pay that price there's a long time between now and when you're goingto see better returns, better earnings, better revenues, better monetization, so i would take the money and run on twitter in terms of tech, i've been underweight tech all yearlong. i have a barbell of some growth names. i have some value names like ibm, like facebook, like broadcom, and i'm very comfortable being underweight in technol

we've got dalio and elon musk and start with elon at the moment. you had a opportunity on a private setting to talk with him. what's your thoughts about him? i'm calling it throwing in the totowel and he thursday and saturday to buy twitter and probably realized that . >> i wouldn't call it that but he's a very smart person and he's playing chess when the rest of us are playing checkers. my impressois that he thinks he did -- impression is he thinks he can add value to twitter about changes he wants to make and the is intellectual value and firm imact on it and it's a challenge and i think he feels he can get it done in a relatively short period of time and make changes that will make the company worth more. liz: i understand what you're saying and he's absolutely brilliant and playing chess on certain levels when the rest us are playing go fish with the cards. he underestimated with his power in the world and where his net worth was falling and it's a very mercurial to buy it and it's a pretty sobering. >> these kind of transactions and you agree

what do you make of all of this happening for elon musk and because of elon musk, really, at once?> maybe i am a bad armchair psychologist, but even before this development today about ukraine, it occurred to me that it might be that all the smoke over twitter was a bid for attention. it's hard to explain how why he would've tried so hard to buy twitter and then tried so hard to get out of it, without any real fundamental changes in his business plan strategy. i think it is all because he has to have attention, just like elon musk. emily: of course we are still waiting for headlines to come out of this deposition, but it should be said that elon musk's companies have had some involvement in the war on ukraine. >> spacex, of which he is a founder and chief executive officer, has for some time been sending star link equipment to essentially keep the country connected during the time of war. the fantastic reporting on the bloomberg terminal about the background and how that came about in coordination with the u.s., but they are all providing that service and hardware and musk had twee

neither elon nor president biden wants elon musk to own twitter for different reasons admittedly.ery frank with it were built on the back of money from the u.s. government. subcitys in the case of tesla and -- subsidies of tesla and elon doesn't want to buy twitter and he's been expert at lobbying the u.s. government to accomplish the goals and at the end of the day, it's interesting that the biden administration is stepping in to stop elon from doing a deal that even elon doesn't want to do. it's important that we look at this from a fresh perspective to say that if elon d doesn't buy e deal because the government gave him the out, there's something interesting going on here. will: elon has shown he doesn't want to buy twit e despite the bid on the table and elon has a relationship with the government through the other business ventures showing it's cozy and you're saying elon could be currying or asking or using the national review to get himself out of buying twitter? >> i think it's not out of the question. i think it could work in reverse as well where the government even mor

you could see elon musk, once they get it all signed off on, you could see elon musk owning twitter. melissa, you mentioned the financing and how the markets have changed i did want to refer people back to it because morgan stanley and the banks that are financing here certainly can take a quick look back. okay, that's what we have to sell $6.5 billion term loan $3 billion secured bridge and $3 billion unsecured bridge as you referenced, melissa, things can change a bit in the markets. what's the ultimate price going to be? where is the wiggle room there in terms of what l libor adds u to, is it enough probably not they may have to sell some of the debt at a discount, meaning taking a bit of a loss then the $7 billion equity commitment that musk got from all those people, larry ellison, mark andreesdrandr ee soandresoe ready to write the checks. >> why are twitter shares trading below $54.20 what is your guess >> they were because there was uncertainty about what this meant, and then they were halted my expectation would be when we see the letter, we resume trading, they will trade v

we continue with the big story of the day elon musk unable to hit the edit button he's going to end up, it looks like, getting twitter at 54.20 a share despite his best efforts shares halted pending official news, jumping as much as 15% earlier. we will bring you all the latest stocks rallying on hopes the fed is going to pivot. one out of our guests is bullish overall. be cautious with your cash, he tells us why and what he's buying and the first big test for section 230. the case in front of the supreme court that could change everything for the social media giants and apparently elon musk. we begin with today's markets and dom chu with the numbers. >> it is technology that has been at the center of so much of the downside and upside volatility case in point today, after a quote unquote under performs day yesterday, the nasdaq did under perform the other indices. up 3% for the composite index. 11,130, the s&p 500, 3775. similar percentage move for the dow industrials and now for the s&p 500, 3,775, brings the two day rally north of 5% in two days is this a bottoming place, that's a b

i think elon musk _ new idea of this x app? i think elon musk has _ new idea of this x app?s x app? i think elon musk has docked in - new idea of this x app? i think elon musk has docked in the l elon musk has docked in the past about why does the us not have an app that brings everything together. in china there are popular apps with search engines, e—commerce, and social media all in one app but in europe and north america no company has been able to crack that and i think that is what elon musk is talking about. anything like that would be very much in the future and would take a lot more investment than the 44 billion dollars he has to pay for it. we shall keep a close eye on it. thank you very much for your analysis. we will have more on that as well our business coverage. stay with us on bbc news, still to come: a special concert marking 60 years since the world premiere of the first james bond film. this was a celebration by people who were relishing their freedom. they believe everything's going to be different from now on, they think their country will be respected

elon musk is officially _ minutes? elon musk is officially the _ minutes?n musk is officially the owner - minutes? elon musk is officially the owner of l officially the owner of twitter. long—standing executives and the ceo will walk out of the building with security, so it looks like he is already leaning out and putting his stamp on one of the world's most... inaudible. you mentioned executives have been walked out of the building, who and why? fine been walked out of the building, who and why? one of them is the _ building, who and why? one of them is the ceo, _ building, who and why? one of them is the ceo, it _ building, who and why? one of them is the ceo, it was - them is the ceo, it was expected that elon musk would fire him. some report that elon musk himself wants to become the co—ceo. also the general counsel, the head of safety, who is an interesting executive, she has been responsible for all of the content moderation. musk had supported critical tweets of her, which were attacking her earlier this year. he supported it, so he has been critical

elon musk completes his $41; billion takeover of twitter. it's believed his first move was to fire the social media company's senior mangement. america's special envoy on climate change warns the world could still limit global warming to just above pre—industrial levels, but only if countries increase their efforts immediately. if we get more countries directly engaged in changing their plans to more rapidly kill the emissions, to more rapidly transition, it is plausible. but as the un warns there's no credible pathway to keep the rise in global temperatures below a key threshold, we report from the arctic circle, which is warming more quickly than anywhere else. president putin warns the coming decade will be the most dangerous and unpredictable since the end of the second world war. and prince harry announces the title and publication date for his memoir, promising a "raw and unflinchingly honest" account of his life as a senior member of the royal family. in the past hour, elon musk has completed his $41; billion deal to buy twitter, afte

things are never dull with elon musk.s, lots of changes and lots of uncertainty, at what elon musk describes as the world's virtual town hall. james clayton, bbc news. that was our north america technology reporter james clayton reporting. with me is our business correspondent theo leggett. we'll talk about the social media site in a moment but let's talk about money because elon musk says it is not about making money, his acquisition about money because elon musk says it is not about making money, his acquisition of about money because elon musk says it is not about making money, his acquisition of twitter, about money because elon musk says it is not about making money, his acquisition of twitter, so about money because elon musk says it is not about making money, his acquisition of twitter, so it about money because elon musk says it is not about making money, his acquisition of twitter, so it is about? it acquisition of twitter, so it is about? , , ., , ., about? it seems to be about influence — about? it seems to be

elon musk is likely to be focused on bringing in costs. >> we are just seeing elon on twitter, whereaying buying twitter is an accelerant to creating the everything app so we continue to watch that story. he's trying to avoid legal action. the other big determinant on where the markets go is how hawkish central banks are and that is the major sentiment driver today. how long do we see that dip lasting for? >> not that long. that is what strategists are saying. the reason we have seen this retreat in the dollar is the expectations that the fed could be less hawkish moving forward and a lot of strategists focus on what the rba data and what really came through on the 25 basis point move that was less hawkish than what had been expected by a lot of economists out there, but the view is that we are nowhere near close to the fed at making such a move as well. neither is the boe or the ecb so we should not be extrapolating too much and technicals suggesting we have room from the dollar to start to rebound again. take a look at this chart. the bloomberg dollar index very close to that key 1

the bird is freed, says elon musk.y, trust and safety. the man who made the decision to permanently suspend donald trump. what does all of this mean? how is a musk takeover going to shake up the platform? it takeover going to shake up the latform? . ., ., platform? if confirmed, that would be — platform? if confirmed, that would be huge, _ platform? if confirmed, that would be huge, he - platform? if confirmed, that would be huge, he has - platform? if confirmed, that| would be huge, he has swept away the entire top team of twitter, and the chief executive parag agrawal, it's a real statement that said, i am the boss of twitter and i don't like the direction twitter has been directed in. parag agrawal, the chief executive, and previous to that, jack dorsey, the former ceo, are the two people elon musk really believes mismanaged twitter. what we are now going to see, almost certainly, is more free speech and potentially an invitation to donald trump to invite him back onto the platform. this has massive ramifications fo

elon musk said he wants to create an app called x.only elon musk knows. what this means for twitter is less moderation and that could mean more free speech but also more hate speech but also more hate speech and crucially, for the chief executive of twitter, he does not get on well with elon musk and if this goes through he will have to look for a new job. north korea's launch of a ballistic missile over japan on tuesday has elicited a robust response, as promised, from the us and south korea. both countries have fired missiles of their own off the japanese coast. seoul said four short range weapons were used to deter further provocations from pyongyang. washington and seoul also carried out a precision aerial bombing exercise to demonstrate their readiness to react to the threat from pyongyang with more than just words. north korea's missile was the fifth in the last few days. it travelled about 4,500 kilometres before falling into the pacific ocean. karl freedhoff, korea expert at the chicago council on global affairs said its belie

— in terms of the future with elon musk at the helm? it is the elon musk at the helm? the elon musk carnival that has _ musk at the helm? it is the elon musk carnival that has begun . musk at the helm? it is the elon| musk carnival that has begun and musk at the helm? it is the elon - musk carnival that has begun and we are all on the roller—coaster. what are all on the roller-coaster. what do ou are all on the roller-coaster. what do you mean _ are all on the roller-coaster. what do you mean by — are all on the roller-coaster. what do you mean by that? _ are all on the roller-coaster. what do you mean by that? how - are all on the roller—coaster. what do you mean by that? how will this roller—coaster go? element i don't know how it will end up on how many twists and turns that there will be. elon musk now owns twitter, obviously did not want to buy it, it looks as though he has been compelled to thanks to the core in delaware, and now he's trying to put it into his own vision, saying he is doing it for the good of humanity. for the good of humanity you might want to s

d, the highest margin product in elon musk's portfolio is the brand of elon musk as this sort of wise-cracking billionaire genius, kind of this generation's tony stark. this twitter transaction, i think, threatens that. this was just a blunder from start to finish. a bad investment followed by a bad takeover process followed by a bungled attempt to get out of it now, the geopolitical tensions that come with twitter probably threaten his other brands and portfolio. >> you mentioned tony stark. i'll go d.c. and mention harvey dent and the "dark knight. >> i thought you were going batman. >> i am. you either die a hero or you live long enough to see yourself become the villain, right? this is the moment for elon musk he's had so much success, maybe as a brand, as a marketer. he took on the auto industry he took on nasa. can he take on social media? you would think this might be an easier cast, but many have stumbled before. when it comes to twitter, in particular, carl, his idea to create this sort of super app, is he going to be able to do that again, this has been tried many times with meta, pa

july 12, twitter sues elon musk to force them to complete the deal. musk countersuit.ctober 4, after a trove of inner circle techs are revealed in court filings, elon musk revives his bid at the original offer price, potentially avoiding a courtroom fight. october 6, the delauro chancellery judge pauses the case, giving the parties more time to complete a deal. on 5:00 p.m., it hard deadline is set, otherwise the trial resumes in november. emily: to some of the m -- just some of the elon musk twitter saga we have been living through, but finally the deal seems imminent. in a tweet to advertisers, elon musk said he wants to make twitter a town square with highly relevant ads and less of a free for all hellscape. we are bringing in sarah frier. our latest reporting is engineers from tesla have gone to twitter to review their code, and that the twitter code has been frozen ahead of a pending deal, so no changes can be made at the 11th hour. what is the latest? sarah: it looks to us that the tesla engineers are there to review the code, to help elon musk assess it and to t

elon ultimately said no because there were other stipulations.e are kind of at that stage where both sides are throwing everything they can at one another in public. it is a little bit trying to figure out how that negotiation may have played out. but again, on the record from elon musk's lawyer that he said no because he didn't like stipulations. emily: it seems to be an hour-by-hour, tweet by tweet situation. kurt wagner, thank you by continued -- for continuing to follow it all for us. peloton is laying off a significant number of employees. ceo barry mccarthy told bloomberg it is part of -- roughly 500 workers being let go now, 12% of the workforce. coming up, meta's market cap fall. are we seeing a changing of the guard? regulations poised to make big tech a little harder to do. we talk about it all with facebook former chief privacy officer. this is bloomberg. ♪ emily: in the span of a year meta meta,'s market cap has plunged. shares of the social media giant collapsing some 60% over the last year, meaning the facebook parent now accounts f

the billionaire elon musk has made a career out of grandiose business ventures.l he shape his new acquisition? elon likes these profound challenges of humanity, like going to space, or, like, completely changing the carbon emissions systems and transportation and energy, and now he's trying to fix the problems in social media. donald trump says that twitter is now in safe hands, but a new committee will decide whether he will be allowed back onto twitter. we'll be asking whether mr musk�*s belief in absolute free speech might lead to fewer restrictions on misinformation and abuse. also on the programme... after months of political deadlock at stormont, a snap election is called in northern ireland but no date is given. you have shown absolutely no remorse, and it appears that you are in complete denial. a murder sentence is televised for the first time in england and wales. jemma mitchell is given life for the killing and decapitation of her friend. and the rock'n�*roll legend with a scandalous private life. jerry lee lewis dies at the age of 87. coming up and su

garry kasparov gave elon.this on his twitter where the founder of spacex and tesla will remind you. already far from for the first time enters into open conflict with one or another supporter of international escalation. i started a few weeks ago with the recognition of crimea as russian, then drew attention to the historical sympathy for russia of the inhabitants of donbass and in. end of the day. in fact, he condemned those who inflate the ukrainian crisis and push humanity to a third world war. well, now, as you can see, he did not disdain to condescend, yes, the once notorious chess player. moreover, the latter is just the same very actively opposed to diplomatic solutions. and in general, it has long been asking for someone to calm him down, boris ivanin will confirm. i welcome boris, as far as i shoot kasparov himself provoked the mask. yes, alexei is welcomed exactly as they said in the film pokrovsky gates the game goes into the endgame. it's just that you have to play it. apparently not a nightmare at

elon musk himself that he overpaid for twitter.a gal view that twitter has a lot of potential that is not built. that has not been -- not fulfilled. not a well run, has not been monetized like facebook, needs a better administration, someone like elon musk who is a proven business leader could do well. he may be able to turn into something profitable. the thing is, it is elon musk he is greater the most viable car company in the world come if he says he can do something a lot of investors will say, how much do you want? that is how he secured a lot of ending. the chief executive -- funding. the chief executive oracle gave him a billion dollars to buy twitter. host: thank you very much, james, good to see you. pakistan's former prime minister has begun to lead a weeklong march of his supporters to the capital of islam demanding early elections. he lost a confidence vote in parliament, we are in nepal. >> right now i am here, when the iconic spots, former prime minister and chairman asked h supporters to gather here so he can move fo

elon musk plans to cut twitters workforce by 75%.reporting on documents detailing these plans to allegedly cut twitters workforce. of course, we have been talking about whether elon musk would make big changes especially when it comes to staffing. the deal is not done yet, we are still waiting for the october 28 deadline for a deal to happen. if elon musk does close the deal by twitter, does cut 75 percent of the workforce, you're talking about thousands of people. twitters workforce is currently 7500 people. 75% of that is a significant cut. we will continue to follow the story and bring you headlines as we have them. meantime, we want to talk about workplace trends. the pandemic has brought about many trends including remote work. here talk to us about this is arianna huffington. so great to have you back as always. we have been hearing term quiet quitting which speaks to employees deciding not to go above and beyond their listed responsibilities. why do you think that is? >> great to be with you. i am here at the masters a scale c

we heard elon musk talk about what he might do with twitter.itions are to grow this into a company with a billion users. i was talking how he mentioned he wants twitter to be the everything app of course, details are scarce on that we know elon musk is an admirer of the app wechat with over 1 billion users. you can do everything in it. payments and book flights and hail taxis and order food. when you think about what elon musk wants to do, he wants to make it an app that is used for everything garner 1 billion users that is a significant challenge particularly in a different market to the one we see in china as well. obviously twitter experimenting with the feature users have been asking for and figuring out how to monetize that if musk goes ahead with the deal, he has a big task. >> stock now trading at $50 a share. still 12% this week. arjun kharpal in london following technology. >>> on deck on "worldwide exchange." veritas exchange greg branch laying out the full day ahead and why he is not buying in the recent rally. >>> and throughout his

the markets, but elon musk and twitter have given us that.ere is still action in crypto markets. angle you have been watching bitcoin and how it has been related to the market rally, or not. katie: crypto is sort of the ho hum market right now. [laughter] but what i have noticed is the bitcoin equities performing really well this week. this queen about 4% higher over the past four days or so -- bitcoin is. but if you look at microstrategy, coinbase, marathon, all up by double digits, which is pretty amazing. part of the reason could just be that they fell more dramatically than going -- than bitcoin itself. if you look at bitcoin, it is down 67%. coinbase is down 70%. so it could be the fact that they fell further and have more room to write, but it is something to keep an eye on and this mild resilience in the crypto market. emily: so what will you be watching in the u.s. overnight? katie: can i shamelessly plug something? [laughter] emily: of course. katie: so, crypto irl, which i crossed with tim stenovec will be at 8:30 p.m. eastern on fr

the headline is elon musk plans to close the twitter deal on friday. you are seeing shares trading at a 53 handle, a massive spike. we will keep you apprised of the developments there, but this will be crucial given that we are getting closer to the $54 20 cents deal. do you have some sort of merger arbitrage priced into the stock going into friday? that's something we are keeping an eye on. but i want to come back on ups before we continue our twitter coverage and talk about whether this is going to sustain. we heard about truckers last week warning the slowdown is going to continue into 23. will ups'success continue into 23? crayton: whatever you think is going to happen with volumes, and every buddy thinks they're going to go down, it's just a matter for how much and how long. the union has been feisty in their commentary about negotiations, but that contract comes due in june and that could be a major point. a strike is not off the table and that would be a significant disruption for ups and the whole economy. kriti: certainly a lot to keep an eye

i think elon musk, look, i love elon musk i think is he slightly crazy guy, brilliant. perfect. but he lives on twitter him isself in realtime giving us his thoughts. what i like about it he did one the other day saying comedy is going to be allowed again. legal again on twitter. i laughed out loud he liked my response. three laughing emojis liked by elon musk. there again, is he going to bring back comedy, the ability to have a laugh, to banter with people without fearing going to get canceled. long overdue and the reaction from the left, i have to say has been miserably predictable. it reminds me of when donald trump was made president that they all said we're all leaving the country. none of them left the country. and the same are all now saying chucking their rattles out of the stroller and saying they are all going to leave twitter. they're not going to love twitter as much as i do. they are addicted to the damn thing. what you are going to see a lot of whining and throwing rattles around and then they will all come down and probably find elon musk restores twitter

we did very little from elon musk yesterday on the tesla earnings call.witter's earnings are coming up soon. how is that going to work? give us the latest. >> we think they are soon, they have not set a date yet. i am wondering if they are just hoping this whole thing gets closed before they have to go through with it. not only are they projected -- i think i saw a projected decline, but you saw what happened with snap. the last thing they want to do is go through that publicly while they are still waiting for this deal to close. elon musk yesterday, in my opinion, he said some stuff that made me think this deal is going to happen. normally when he talks about the deal he goes well, if this thing finally happens, maybe. yesterday, he seems to say he was excited. even saying he was overpaying. it was suggesting he has already done this thing? i don't know. i got the sense when i listened to it that he feels this thing is done it if he feels it is done, that makes me think it will get done. emily: what do you think? we are about to enter a new era. >> the e

we know that elon musk has agreed again to pay $54.20 per share to purchase twitter.he original deal agreed to last april for he pulled out. we are now hearing from twitter that elon musk is being investigated by federal authorities over this purchase that would be worth about $44 billion with the original $54.20 per share agreed back in april. a transaction is expected for october 17 and we are hearing from twitter that elon musk is being investigated. coming up next, we get the outlook for the philippines. we will ask our guesstimate the future path of policy and action to stem the slide of the peso. this is bloomberg. ♪ millions have made the switch from the big three to the best kept secret in wireless: xfinity mobile. that means millions are saving hundreds a year with the fastest mobile service. and now, introducing, the best price for two lines of unlimited. just $30 per line. there are millions of happy campers out there. and this is the perfect time to join them... add a line to your existing plan, or see for yourself how easy it is to save by talking to our

he personally solicited elon to come by the company. he long felt that twitter would do better as a private company while taking the public -- while going public was a big mistake. he is a fan of elon musk and he wants to be a part of twitter's makeover and he cares deeply for the company. he is putting his money where his mouth is. it will be interesting to see if he has any operation or advisory role in the new twitter. it is too soon to tell. this is not surprising at all. emily: i'm curious what you think about him surrounding himself, elon musk surrounding himself with people like david sachs, a point of view. you have amy klobuchar out there saying that she is wearing the hate speech is even bigger liability on twitter. clearly we are waiting for the plans to form. what sort of conclusions are we supposed to draw here about what kind of company he is going to be running? >> everybody was bracing for donald trump to be reinstated on twitter at the first day. it did not happen. i feel a little sheepish for exercising restraint, abou

workers at the irs and home and security in the white house ways and national security risk review of elonusk buying twitter. a new report and white house lawyer 100 biden 2010 then vice president biden was hit with an irs audit. "the evening edit" start right now. ♪ a good day for you and your money, a turnaround today, the dow about 31000, reports coming in federal reserve considering smaller interest rate hikes after dozens expect 75 basis points increase next month. democrats and media host outrage, polls show abortion not a key issue and the final trips to the midterm for the democrats, economy and inflation topped the list. edward lawrence in washington with more. >> were talking about the focus of the president eight days of the midterm elections, clearly the number one issue for voters is inflation, registered voters look the economy yet the president and debt relief which could cause taxpayers 400 billing and publicans attacked the majority of his speech highlighting what he calls federal deficit reduction. >> to be clear, this record deficit reduction include a cost of my student

i am sure that elon would push that subscription service even more. he is anti-ad revenue so he would probably she was to push subscription service even more. >> he really has this huge vendetta against bots. i think he would definitely put more resources toward tackling that. that is something that he mentioned really early on. that is definitely something we would likely see him try to fight even more. >> thank you so much, always great talking with you. >> thank you for having me. appreciate it. >> the lies -- rise in sea levels could expose the toxic threat that is currently hidden underground. the possible impact and the part of the bay area that is hi, my name is cherrie. i'm 76 and i live on the oregon coast. my husband, sam, we've been married 53 years. we love to walk on the beach. i have two daughters and then two granddaughters. i noticed that memories were not there like they were when i was much younger. since taking prevagen, my memory has gotten better and it's like the puzzle pieces have all been [click] put together. prevagen. healthi

. >>> waking up after a busy weekend for elon musk and twitter. musk denying reports he is planning mass layoffs as new controversies swirl. >>> the latest on the attack on house speaker nancy pelosi's husband at their san francisco home. >>> later on, why covid curbs at one of iphone factory in china a key contractor makes a lot of stuff there. a live report from beijing it is monday, october 31st, halloween, 2022. you are watching "worldwide exchange" here on cnbc >>> good morning i'm dominic chu in for brian sullivan let's kickoff the final day of october trading with the u.s. equities on the offer. just on the down side predicted at the opening bell. dow jones industrial average implied lower 150. s&p lower 23 and nasdaq down 85 points investors are looking to close a month of stocks with every major average to snap a losing streak. it starts with the russell 2000 up nearly 11%. on pace for the best month since november of 2020 the dow transportation index up 13% as you see here and trying for the best month since october of 2011. best of all

twitter have had theirfingers burned by elon musk before.n he did not know it does and you can see from the statement that they put out that they are nervous. they are pretty much set —— said that they will force musk to purchase the company whether he likes it or not. and there was nothing particularly celebratory about the statement from twitter. elon musk has said on twitter that he wants to create and everything app out of tweet cold acts. i don't know what that means, perhaps only elon musk knows what that potentially be like. but what this means for twitter going forward is less moderation meaning more free speech but also more hate speech and, crucially for the chief executive of twitter, it does not get on well with elon musk and if the deal goes through he will have to look for a new job. will have to look for a new “ob. �* , , , ., ., , job. let's bring you the latest on this, job. let's bring you the latest on this. the _ job. let's bring you the latest on this, the north _ job. let's bring you the latest on this, the north korean

it certainly seems like elon - tell us more. it certainly seems like elon musk i tell us more. cannot stay out of the headlines. just days after sparking anger from headlines. just days after sparking angerfrom ukraine sparking anger from ukraine officials sparking angerfrom ukraine officials with tweets suggesting ukraine should seed to retreat to russia. he find himself again at the centre of geopolitical policy this time in taiwan. in an interview with the financial times suggesting taiwan should become a special administrative region of china, sparking strong reaction in beijing and taipei. china's ambassador to the united states took to twitter to thank elon musk, stressing the chinese government wants peaceful reunification with the island, and that it would enjoy autonomy in a one country to system model under which beijing claims to rule hong kong. taiwan was also quick to react. it's ambassador to washington also taking to twitter to tell elon musk that by 1's freedom and democracy are not for sale and any proposal about future must respect the democratic wishes of tai

emily: elon musk's fans want to work for him.e cannot handle like you said the scale of a social media platforms. >> i can tell you what i know and than i can speculate. i know a lot of people inside of twitter are for top jobs. they expect elon to lay off and clean the executive rank, the ceo probably has lawyers. this is something that happens a lot of time during an acquisition. especially now, elon said he does not have confidence or faith in the leaders. this is what people are bracing for. what he does next is going to be a good question. is he going to trim the company down as simply bash and keep engineers who -- is he going to trim the company down and simply keep engineers? he will need content people like moderation people which is something he has been shying away from. that is where i think things get tricky. the financial vision for the company seems to be hoping to get healthy and then the vision is much more ambitious than that. i am not sure that works with best small of a staff. -- that small of a staff. emily:

it's not a thing, elon.ght that was big, this morning, elon musk made $40 billion worth of news. >> a dramatic new twist in the elon musk twitter saga. after months of trying to back out, new report says musk is now going through with the deal after all. >> musk is now reportedly proposing to buy twitter for the original offer. "bloomberg news" reports that musk made the proposal in a letter to twitter. he says he will buy at the original offer price of $54.28 year. musk has been trying to back out of the deal first signed in april. >> trevor: okay, i don't know what is going on here but apparently the twitter deal is now back on. yeah. i guess we shouldn't be surprised, elon musk is notorious for not pulling out of a deal. he stays in there. he's consistent. and you know, one thing about this story, it just shows you how being a billionaire is so wild, you know? they go back and forth on buying a giant company the way most people move the boots inside and out of their amazon card. are the ugly, are they chi

elon musk has completed his takeover of twitter.e wasted no time firing four executives, including the ceo. he says he wants more free speech on the platform. that may mean a donald trump comeback. reporter: from avid user to its largest shareholder, a new era began for twitter as elon musk to control. in his first post after taking over, the ceo wrote, the bird is freed. an apparent not to his wish to see fewer limits on what users can post. elon musk, who describes himself as a free speech absolutist, says he wants every free speech about on twitter. critics fear it this could allow hate speech and disinformation to spread. among the first to react to the buyout, was the government. >> we will closely watch all the possible changes to the platform in the coming months. we will draw our own conclusions. that could lead to asking ourselves whether we want to remain present on twitter or not. reporter: cap european union officials are also watching closely. one responded to elon musk's tweet, saying in europe, the bird will fly by ou

michael sticks around, when we get into the intersection of billionaire elon musk's control of twitter and jay cole. we also have reporting on a trump lawyer who's speaking to the feds all about the classified document scandal. and new revelations about ken mccarthy, the january 6th insurrection. new truths that are uncomfortable in washington. all that coming up. >>> plus, as mentioned, what you need to know about elon musk and the hypocrisy that has absolutely exposed fox news. it's our special report we have been writing. i've got it for you tonight. >>. ♪th >> ♪i feel free to bare my skin♪ ♪yeah, that's all me♪ ♪nothing and me go hand in hand♪ ♪nothing on my skin♪ ♪that's my new plan♪ ♪nothing is everything♪ achieve clearer skin with skyrizi. 3 out of 4 people achieved 90% clearer skin at 4 months. in another study, most people had 90% clearer skin, even at 4 years. and skyrizi is just 4 doses a year, after 2 starter doses. ♪it's my moment, so i just gotta say♪ ♪nothing is everything♪ serious allergic reactions and an increased risk of infections, or a lower ability to fight them,

another story we are following is the saga around twitter and elon musk.ge has halted the court case against elon musk over his $44 billion twitter buyout, ordering the parties to close the deal. elon musk's lawyers asked for time to seal the deal. let's bring in bloomberg's su keenan. the ruling itself looks like a win for elon musk, that twitter didn't want to give him more time. su: is a partial win for elon musk, he gets more time, what he wanted, but now there is a hard deadline. he asked for the 28th and is getting the 28th and twitter is essentially saying, show me the money. a lot has happened in the last few hours. earlier thursday, elon musk's lawyers asked the judge to pause the twitter lawsuit saying it wouldn't harm twitter and that he needed time to do the deal. twitter objected, saying any delay was an invitation of further mischief and delight. it said, until musk comes -- commits to a close, twitter is entitled to its day in court. the ruling from the delaware chancellery judge was surprisingly quick. she gave musk until october 28 at 5:00

donald trump suing cnn will get a closer look and elon musk promises to buy twitter after all. ♪ thisthe shawl off. i did it. is he looking at my hairline? my joint pain isn't too bad. well, it wasn't this morning. i hope i can get through this. is plaque psoriasis or psoriatic arthritis making you rethink your everyday choices? otezla is a pill, not a cream or injection that can help people with plaque psoriasis achieve clearer skin. otezla is proven to reduce joint swelling, tenderness and pain in psoriatic arthritis. and no routine blood tests required. don't use if you're allergic to otezla. otezla can cause serious allergic reactions. it may cause severe diarrhea, nausea, or vomiting. otezla is associated with an increased risk of depression. tell your doctor if you have a history of depression or suicidal thoughts or if these feelings develop. some people taking otezla reported weight loss. your doctor should monitor your weight and may stop treatment. upper respiratory tract infection and headache may occur. tell your doctor about your medicines and if you're pregnant or planni