in the last two minutes, with elon musk. in the last two minutes. a _ with elon musk.inutes, a number— with elon musk. in the last two minutes, a number of- with elon musk. in the last two minutes, a number of media i minutes, a number of media reports are suggesting the person who might be the ceo. she's currently a chairman that universal. we are working to confirm this at the bbc and we will bring you that information as and when we get it, so do to stay tuned for more development on that story. stay tuned for more development on that story. economic crimes continue to be a major challenge for indian companies with nearly 70% of them being affected by some form of fraud in the last two years. this is according to a latest report by pwc in india. the bbc�*s arunoday mukharji has more details from new delhi. well this was over across a hundred organisations from diverse backgrounds, from banking, hospitality, manufacturing, and many others. the survey also found that this kind of platform font on social media had become even more common and risen ever since the start

elon musk says that he has found a new chief executive to lead twitter.sk did not name the platform's new boss but said "she" would start in six weeks at which point he would become executive chairman and chief technology officer. our silicon valley correspondent james clayton has more. well, first of all, i think it is important to mention that just because elon musk has tweeted something doesn't necessarily mean it is actually true. you may remember i interviewed elon musk last month and i asked him who is going to be the next chief executive and he told me he had already made a dog chief executive. so it is sometimes difficult to know whether he is joking or not. it does seem like he is actually being serious this time. that would be a really significant moment for twitter. first of all, he said that the new chief executive is a she. i think that is really important, because the vast majority of tech bosses in silicon valley and elsewhere are men. so that would be a very interesting development. and it will be very interesting to know exactly what the

ed: elon musk as tweeted in the last 15 minutes. he says i am excited to welcome linda as the new ceo of twitter. there you have it, official confirmation. he tagged her and said she will focus primarily on this is operations while he focuses on product design and new technology. looking forward to transitioning this into the everything at. guest: he has talked a lot about this model of having and everything app. it will be interesting to see if he can it's -- execute on the idea. weeks ago, he put twitter under a holding company called x. he wants to make twitter an app that can do everything. caroline: i want to reflect on the messiness of all of this. if we reflect on what has just happened to comcast universal, they are about to go to that advertising community, having upfronts, pitching online offerings. the main woman to do that is just exited in erratic and are. -- manner. >> it has to be difficult. she was integral to nbc efforts like peacock which is the supported streaming service. then even huge events like the super bowl

people matter. >>> news on elon musk from elon musk phil lebeau has been listening in on the conferencea, a few final questions from shareholders. one of them was, hey, there's lots of rumors out there that you are going to step down as ceo of tesla, is that true elon said no, he is not planning on stepping down he plans on remaining ceo of tesla. and then, unprovoked, he said, why? which is, he believes that the development of artificial intelligence, a.i., needs to be done responsibly and needs to be incorporated into future products at tesla and elsewhere responsibly. and he said, i got to stick around and make sure that happens. so, that question has been f floating out there for some time, would he say at some point, eh, i've had enough, i'm going to move into a different role he says no, that's not happening. >> all right, phil, interesting that the stock is not really reacting too much right now on that headline. phil lebeau. afterhours session highs, but not really much of a move, i don't know, what do you think? i would have thought it would have seen a bigger pop >> to the ext

some have returned according to elon musk.so, for evaluation of the company to return to the level at which he paid for it, you are going to have to see a lot more going on, and that will be your responsibility.— to turkey now, where voters go to the polls on sunday in what looks to be the tightest general election in years. president erdogan has led his country for more than 20 years, but criticism has been growing of his economic policies and, more recently, of his response to a double earthquake in february that killed more than 50,000 people in 11 provinces. on thursday, opposition candidate muharrem ince announced he's dropping out of the race — he'd been under pressure for splitting the opposition vote and damaging the chances of ousting mr erdogan. turkey's main stock market soared on the news that could now increase support for the main opposition candidate, kemal kilicdaroglu, who is ahead of mr erdogan in the opinion polls with 49% of the vote. this is being watched closely by businesses and investors. let's bring in

also elon musk sat down with our david faber.t free speech against profits >>> then, a ukraine grain deal a deadline is coming up today. we're going to tell you what that could mean for the conflict over there in ukrain

i don't know if that's what happened with elon musk or not. maybe he just had a big audience. >> we had a huge audience. it did, it was the biggest they'd ever have. it did break the twitter space. so we're really excited with the enthusiasm. >> laura: joining us now charlie hurt opinion editor at the washington times, opinion editor. charlie who really got the bigger black eye with the launch, governor desantis or just twitter? i mean, desantis, you know, i think acquitted himself pretty well there, but, i mean, this was 21 minutes of pain before we actually heard anything. >> yeah, it really was. especially -- yeah. especially there at the beginning, it sounded like a bunch of college kids in a frat house trying to figure out how to work the zoom call. it didn't, didn't take off all that well. but, you know, honestly, i do think that. >> thatly largely it's probably a benefit for twitter and for elon musk in that he has demonstrated that he does believe in giving a platform to republicans, and the best place to sort of gauge that is to liste

that is what elon musk guarantees. now elon musk and donald trump, their relationship has sour. you go back to last summer. it was elon musk who on twitter posted after myra flores ran in the special house election in texas and won said she was the first republican he had ever voted for. that was the summer of 2022. at that point a day later, he was asked on twitter by somebody who would you prefer? 2024? i prefer desantis. pointing to the fact it's time for donald trump to go off in the sunset. it's those remarks that set donald trump off on truth social. he then posted a photo of musk with him inside of the oval office saying it was just during my time in the white house that elon musk would get down on his knees and beg me for perks and subsidies and suddenly i'm out of the white house and now he's thrown me to the curb. that's year, he called him a bs artist. ron desantis is not dumb for turning to somebody who has a megaphone that's unparalleled to anybody else in this country. >> musk isn't shy about having admiration for desantis. brendan, stay with me. the former preside

our study is not about elon twitter.the effect of twitter's algorithm and any changes he' made. we set out to see how the algorithm affected what you are seeing on twitter. we found the algorithm greatly increases the emotionality of the stuff you see. you seem angry tweets. more tweets expressing animosity. if you are a left-leaning person, they are more likely to express hostility towards the right or vice versa, when readers read tweet selected by the algorithm they feel better about their political ingroup and worse about the outgroup, potentially contributing to polarization. when you ask readers whether they want to see that's what -- see that's tweets, they don't like the political tweets the algorithm is showing them. the algorithm has negative side effects and readers say they don't want to see these kinds of tweets. kristen: i appreciate you wanting to clarify because all the headlines suggest that is about elon musk and you are saying it is not about elon musk. i we not comparing the time before, as in before

might this be good for elon musk?n stop tweeting and stop bothering linda, linda -- i know linda very well. she is a competent executive and really good and this is her chance to be ceo. she's been a top executive but not at the top and if he gets out of her way she can probably do a great job but he has all the important parts of twitter under his purview so that's another issue. >> and this idea about tucker carlson coming over and starting a show on twitter, where do you think that leads? >> well, i also guessed about that but i was pretty sure. i don't know, maybe a subscription business. he could do a lot of things there. he has nowhere else to go. he can't go to newsmax. he could but it's kind of a step down so, you know, to create his own media company and twitter would be the logical place which is why i guessed it. it's a logical place for him to go. he could do all kinds of stuff and elon would help him presumably do so and needs to attack content creator and tucker is a big fish and that's why both of them

he's not alone, elon musk.ou heard from the mercedes ceo and mary barra at gm, other companies saying these ties need to remain despite leadership in the government thinking otherwise. craig: i think there is some realism on the part of these government leaders talking about de-risking as opposed to de-coupling. i think there will be that debate as to whether it is realistic to completely decouple the u.s. from china or germany from china. if you ask the ceo of her cities bentz, he says it is not realistic. whether or not it is possible to cut these companies off from this market that has been a huge source of profits, huge source of exports if you are tesla, this was supposed to be a plant in shanghai that was going to be for the do must tick market but it has turned into this massive export base where more than half the cars they produced globally came out of that plant in china. ed: i believe a bloomberg source has told us elon musk may meet with the chinese premier on autonomous driving in particular? craig

they said elon musk was dead when he was alive.re not systematic trustworthy bits of ai. 20 years from now, we will look back and say they used ai that was that unreliable? what were they thinking? ed: what do you want to happen next? you are quite complementary of the hearing itself, it being bipartisan. there is a concrete next step for lawmakers or regulators to take, what does it look like? guest: i think the next step is to figure out what regulation would look like. i think we probably need a cabinet level agency and we should start drafting plans for how that would work. there's lots of complications in terms of how it would work with existing agencies and internationally. we should start taking the consensus we have and represent what that would look like as actual legislation. ed: you talked about the need for a global regulator a global agency. do you recognize a multiple speed approach like what china is doing when it comes to the regulation and development of ai technology? guest: i think we haven't opportunity to do so

takara small, what you make of those statements from elon musk?nication notes are, so that relies on other users to help explain, to help really clarify any information that is online. second of all, i think it is quite interesting that elon musk would have that opinion. of course he would, he owns twitter. it would not be in his best interest to to say that there is any scam or bulling or trolling or disinformation has increased — we have seen a rise in it, which we have, and lastly, i think it is interesting he is saying this while choosing not to participate in this voluntary framework that would really legitimise eradicating misinformation. i think this is again just another example of elon musk... how committed to you think? it is interesting exactly what you said, how committed do you think elon musk is to actually cracking down on disinformation on twitter? ithink... just we have seen he has laid off so many members of the staff, including the communications department. i do not see how he can be fully committed to it while also not adherin

my impression is elon musk wants to pursue a.i.has been talking about this for the last decade and last month, he has been hinting at a chatgpt competitor this is a positive for tesla shareholders there is bigger news on the tesla front in the next two years, of course the company hinting of a new ceo there. any positives related to this development need to be taken into context of what will happen in the next one or two years with the tesla ceo role. >> in the context of your theory he will spend more time on a.i. and a.i. projects, should meta or microsoft or alphabet be concerned of a competitor coming down the pike? >> at this point probably not concerned. as soon as he formulates his team and, you know, elon talks about a lot of things. i think he will pursue this. once a product is formulated, there should be concern. you know, it is debatable how much recruiting power he has he has incredible power to bring in great talent. with a.i., it is a small group of people making massive advancements everything we have seen or most o

why will china meet with elon musk and not our government?a reporting several drone strikes on buildings in moscow. the first attack on civilian areas in the capital since the start of the war, is this the beginning of ukraine's spring offensive? kt mcfarland takes that on next. ♪ ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪ ♪ (man) it's pretty simple. i kinda just want things the way i want them. (woman) i want a network that won't let me down. even up here! (woman #2) with an unlimited plan that's truly right for me. (woman #3) with verizon's new myplan, i get exactly what i want. and only pay for what i need. (man #2) now i'm in charge... ...of my plan. (vo) introducing myplan from verizon, the first and only plan where you pick your perks... ...and save on every one. so you get exactly what you want and only pay for what you need. and it all starts at just $30. on the network you want. because it's your verizon. stu

elon musk spares no one.ike, he's going to go after you. >> this statement by him struck me as not very political actually. he was just speaking as an executive about an executive. actually he's speaking on behalf of business owners all over this country that are trying to build things in the midst of this chaos. he is saying wouldn't it be nice if we had a leader that showed that he understands this stuff? that's all he's asking for, competence, which is what was said at the end of the interview. i agree with him. a lot of people for all the crazy things that musk says, they hear this and say yeah, you got it. give me somebody that can lead and we just haven't seen that out of this president. energy, leadership, competence. it's simple at the end of the day. how about a little of that? >> trace: while you were talking, we showed elon musk with gavin newsome. he said the same thing about newsome, just give us some regulation, some laws that we can run a business with in california. while we're on the subject

can she peacefully coexist with elon musk. is should a six-month relationship, or could it be long-term? >> i think it could be long-term. musk has proven, to his credit, to be able to work with powerful women. gwynne shotwell is the woman who runs spacex even though it is technically elon musk's company. she is the day-to-day manager of that company and makes it work. i can see something happening with a strong person like linda yaccarino at the top of twitter. you mentioned at the top that she ran advertising, and that is the key here. twitter makes its money in advertising. it wants to get into media even more than it currently does, and that is also, generally speaking, ad-supported. so they need to undo the damage musk did with advertisers on the platform and bring them back, and really she is known for doing just that. >> what's yaccarino's reputation not just here but across the industry? >> it's very good. she has a reputation of having a good touch with advertisers and executives and has brought a lot of them in. agai

and then along came elon musk. and the country, the bill of rights, frankly, all of us are going to be very thankful that a guy with a lot of money bought an entity, a social media, you know, entity, twitter and allowed us to see what was going on with the government colluding to limit speech. and supreme need to get this right because private companies can decide what they want to air. newspapers can television shows can. but, what we can't allow happen is the government to collude with private business and use them basically as their extension or their arm of censor and elon musk exposed this only because he had $44 billion to buy a company and expose the inner workings of their collusion with government. so i have a bill that would actually stop. this i have a bill that would say no one in the government can collude with anybody in the media to limit constitutionally protected speech. >> jesse: well, what they will do to get around that is say there is a national security threat. >> well, and we are ready for th

about 1/3. 1/3 of what elon musk paid. easy for me to laugh.k bought twitter last year for $44 billion and even the billionaire entrepreneur, the numbers are brutal, the recent estimate puts evaluation at $15 billion, $29 billion less than the selling price. the valuation comes from fidelity's valuation of its own steak. the social media platform has seen an 89% drop in advertising revenue but you know what? elon musk carries on, he smiles, he makes jokes but that is a lot of money. lauren: and does it on twitter but maybe a lot of advertisers are not there anymore. thank you. more experts, 75 additional experts issuing another warning about ai. they say the rising technology could lead to human extinction. kelly o'grady is in los angeles. how can a computer lead to the extinction of the human race? >> reporter: very dramatic like the terminator or something, but the fears we are creating and trusting technology that could think for itself and that could be really scary. a number of ai leaders signed on to that warning and it said mitigating th

but elon musk decides he wants to call that into question. why?nounced, my former colleague linda yaccarino, who's an ad sales genius, she's going to come in and be the ceo of a company. why would he then just roll the dice on nonsense like this? >> like psyops, that kind of thing? saying it's fake an all part of a conspiracy? because he's very, he is steeped in this stuff, it looks like. i don't think he's playing around. i don't think he is just saying what he wants. i think he's starting to believe this stuff. as you know from covering this, misinformation ultimately grabs peoples heads and squeezes it dry, essentially. so what he is doing is what is in his head. where he has been moved. you can call it red pill, if not whatever you want but he actually, i don't think he would say these things unless he believed him and everyone thinks he's killing people, but it has moved to an ugly place, the soros, it was ugly months or months ago. we've been talking about this for months, whether he was attacking paul pelosi after he got beaten, why would a

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what i would like about elon musk is that he is cancel proof.e with the one person maybe just more than one and like chapelle to come at them, but elon musk even more so come after him. he is willing to do interviews that's a lot more than some of the else that we can mention it was supposed to be the leader of the free world he never talk to the press. i think the fact that he can't be canceled means yeah i'll come and answer your questions. you better go into the interview prepared. the question about the hunter biden laptop is also a key one because i know exactly what made elon musk the straw that broke the camel's back at them in them so you know what? on its existing over. it might've been at issue. he knows that issue very well. you better have your game face on. >> game face indeed. dr. brings out a point that he is noncancelable and is kind of sobering but depressing thought that the only way you might be able to be truly free is to be so rich it doesn't matter it's only billionaires it's like f you money. but none of us have that. >> i

those are elon musk hours.nd speaking of the man, cnbc sits down with elon musk after the tesla annual meeting you can catch that special presentation midnight on wednesday. >> we have to watch the highlights in the morning if we want to be fresh for "street signs. >> or not. roll up like elon musk >> channel our inner elon musk for tomorrow's show. >>> let's talk about whale wat watching bridgewater sold in the first quarter. bridgewater exited in jpmorgan chase and bank of america and wells fargo and goldman sachs and morgan stanley the hedge fund kept citigroup. david einhorn snapped up shares amid turmoil in the regional lenders. picking up shares in first republic among other lelenders. >>> berkshire's 13-f showed they have a stake of $950 million in the bank which held up in the sector volatility. shares jumped 5% in disclosure of the stake. >>> tech stocks were in focus for hedge funds with bill ackman's pershing square development. and david tepper raised its stake in uber making the ride sharing app th

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might that change under the leadership of elon musk?do you see as the effect on the election and politics? >> it almost certainly will change or has changed. those numbers are from last year at the latest, as i recall. one of the things that happen after elon musk took over and twitter changed its policy was a lot of people from the political left started to drop off and use it less frequently. it correlates to age. younger people are much more heavily democratic. much more likely to use social media platforms. it is like -- by changing the demographics of who uses twitter, you are also changing the politics of it. it prevents an opportunity for people and twitter who may not share his politics to find somewhere else to congregate. >> thank you for your insight. michelle zahn is a korean american author and musician best known as the lead vocalist of the alternative pop band japanese breakfast. she shares her brief spectacular take on making the ordinary beautiful. >> my mother was a homemaker and i was an only child. we were really bon

i'm curious to see what it looks like to see elon musk. of course, there's going to be a republican donor this this conversation and ron desantis talking in an unscripted way about what the campaign is going to look like. we don't know what indictments could look like for the gop front-runner. his investigative troubles. but there's a lot of questions about what this conversation that is going to be happen ng this hour is going to look like and how desantis asserts himself now that he is a candidate because he's deflected questions about polls in recent weeks. >> and van jones, as you listen to the themes emerging now in this desantis announcement, is this someone you think president biden would want to to run against? >> this is a weird way to start a campaign. you're seeing, bowing down to fame, technology and wealth, he's embracing it. he's not talking to a reporter. he's not in a town hall. he's talking to one of the richest guys in the world on a platform that is owned and controlled by a single person. so this is going to be a very s

what are we expecting from this audio event on twitter with elon musk? >> reporter: well, jake, ron desantis has already filed the paperwork to run for president this afternoon. so all that's left for him to do is to say the words "i'm running for president" and we expect him to do that tonight at this virtual town hall with elon musk. it will start in about an hour. during that time, he'll take questions and give a statement, and he will finally enter this race. he's spent months and months in this slow rollout. he's been on the road, a book tour, he's done international travel. now it becomes official. his campaign has been hype thing moment for the last couple of days, including posting this video to twitter on his wife's account. >> do i have the courage? is it worth the sacrifice? america has been worth it, every single time. >> reporter: now, he also took care of a bit of housekeeping today. he officially signed a bill that makes clear he does not have to resign his current office in order to run for president. that is a quirk in florida law that r

that's the problem. >> bill maher had an interview with elon musk, he was talking about, elon musk saidics haven't changed, suddenly i more right, i used to be on the left. i'm a guy that brought elise. >> moan. >> he had a famous quote where he said, you have to be neutral, i want to anger the left and the right. we are waiting for him to anger the, right he hasn't done that a while. >> i'm super excited for his long involved interview with joe biden. >> really interesting. thank you all very much for that. the surgeon general has a warning for parents, social media can be hazardous for your kids health. we're gonna discuss the answers, next. >> but it also shows, when kids are spending more than three hours on average, they faced nearly double the risk, increased risk, of depression and anxiety symptoms. want luxury hair repair that doesn't cost $50? pantene's pro-vitamin formula repairs hair. as welas the leading luxury bonding treatment. for softness and resilience, without the price tag. if you know... you know it's pantene. like ours is spoiling their dogs. good, real food is simp

elon musk is a man that is fairly unpredictable. and this is, like you said a departure from a traditional type announcement. that is sort of the point. this is a soon to be candidate who has looked for ways to bypass traditional media and go directly to the voters. this is one way to do it, using elon musk's 140 million twitter followers. it is unconventional and it is high risk and high reward for this emerging campaign, and there are two things that according to the sources i've been talking to they are trying to get out of this here. number one is what i just talked about with that massive reach, and number two is the message that they are hoping to send with this sort of alliance with this launch alongside this billionaire, this man who they see as very much a futurist. the contrast that they are trying to set up that we will be seeing on the campaign trail as he hits the ground in early states next week is past versus future. not invoking the name of former president trump, they are looking to paint him as the past and desanti

i think it plays along with a lot of things that elon musk has| a lot of things that elon musk has doneinement some of the rules that will become essentially legal under the digital services act. and he has allowed a lot of the things such as misinformation and disinformation to thrive. and he has played a key part in that as well. standing up to this voluntary legal framework, would it really align with what he himself is doing? i really align with what he himself is doinu ? . ., really align with what he himself is doinu ? ., ., , ..y really align with what he himself is doint ? . ., , y., . really align with what he himself is doing? i want to play you a clip, the bbc spoke _ doing? i want to play you a clip, the bbc spoke in _ doing? i want to play you a clip, the bbc spoke in this _ doing? i want to play you a clip, the bbc spoke in this long - doing? i want to play you a clip, - the bbc spoke in this long interview with elon musk early in april. he talks about disinformation with our reporterjames clayton, this is a bit of what he had to say. [30 reporterjames clayton, this is a bit

that was elon musk talking to david faber yesterday.things elon musk, tim higgins, "wall street journal" reporter, cnbc contributor i want to talk all business metrics about tesla, tim but i want to start with one thing that is getting a lot of play as you water cooler type talk, should a ceo, a fiduciary of a public company, be allowed to speak his mind when it could impact the stock price for shareholders or like most ceos nowadays, you can almost see the -- they almost need to adopt kind of a woke viewpoint on most things if they know what's good for them, if they have got, you know, lots of customers on both sides of the aisle, that would be the -- probably the smart and safe thing to do elon musk does not do that and he said he's not going to do it. he said he's not going to do it. is that a problem? >> i think you got your answer elon is going to do it i think yesterday was a really remarkable profile of him between the shareholder meeting and david's really amazing interview of this guy who has, you know, is pathologically optimi

also elon musk sat down with our david faber. he made comments about free speech against profits >>> then, a ukraine grain deal a deadline is coming up today. we're going to tell you what that could mean for the conflict over there in ukraine and also the global economy. >>> also looking at retail results, we're going to show you and talk to you about what home depot's results could mean for another big retailer reporting today before the bell. it is wednesday, may 18th -- may 17th, 2023, and you're watching "worldwide exchange" right here on cnbc. ♪ >>> good morning and welcome to "worldwide exchange. i'm frank holland. it is actually may 17th, by the way. let's take a look at the futures we saw the dow fall more than 1% looking at the futures right now, we are seeing they're green across the board at this point the dow jones would open up about 90 points hi higher the s&p and nasdaq opening slightly higher, but we also say it's early this morning the benchmark 10-year at 3.54% the 2-year yield back above 4% at 4.10% this mornin

people know elon musk.if you don't thing about him, you kind of have a sense of who he is, this carmaker guy who build spaceships and everything. they do seem to get on together and that -- whether you hear it or not, people will know that they were together at this event. >> and let's not forget why they got connected. so, obviously, there has been a long-standing relationship there. elon musk tweeted last year that if you were up against biden he would support desantis. but the moderator of today's conversation, a guy named david sacks, is a longtime desantis supporter and he is a longtime friend of elon musk. when he took over the company brought david sacks into a lot of the transitions, et cetera. so i think that that mutual find a common which made some more easier and -- friendly place. >> my question is, listen -- we have been to a not every campaign events. not everyone goes -- amy klobuchar was drenching snow couple years ago. i guess a lot of the headlines that i saw after this focused on the bun

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steven: elon is an innovator. the business and right now, it has been bleeding advertisers and no one was to be on the platform and there has been drama around that and linda is a stabilizing force. she spent 10 years at universal. -- nbc universal. she has been trying to bring the community together and she is a force. there is a reason why they have heard being the hammer because he is unable -- she is able to negotiate with brands and she is fair but the order number one is to bring france to the platform. -- bring brands to the platform. caroline: -- ed: it is spacex. you have the ceo -- coo and president running things and tesla, on the cfo, it is more visible and other executives literally appearing on stage so i think -- so i guess, how do you see that working, linda, you have known with elon musk, do you think she can get him to see reason or compromise? steven: i think so and we saw a trial run on what their relationship with look like a month ago. in miami, there was a marketing event and she was on stag

so, i give elon musk credit for this, for sure >> yeah, and people want to talk to elon musk >> 100%. >> maybe he will be the draw for other big voices on twitter spaces if elon musk said, you want to do a twitter spaces with me, you would -- >> i'd listen to that. >> i would say yes, of course. >> me, too >> right i mean, he is interesting, no doubt. how about -- let's see, dan -- >> oh. >> elon musk tweeted at you, hey, dan -- >> he did tweet at me. i tweeted back at him, i got kicked off twitter listen, i think he's full of you know what. i think he's using this as a little trick to get twitter, you know, engagement going, you know -- >> why is this a trick this is a way to get it going. >> well, because he's the owner of the platform, 134 million users, no one else is really doing a whole heck of a lot on the platform the platform is a zero just go look at it it feels like a dead stick go on there, there -- >> what's a dead stick feel like >> i'm just telling you, i mean -- none of us are -- we used to spend a lot of time during the shows tweeting and engaging with viewers. that's

. >>> later on, elon musk teases the pick for the ceo of twitter. it is friday, may 12th you are watching "worldwide exchange" here on cnbc >>> good morning welcome to "worldwide exchange." hope your friday morning is getting off to a great start i'm frank holland. let's check on the u.s. stock futures in the green dow is looking like it would open up 150 points higher. s&p as nasdaq higher in the pre-market the nasdaq set to end the week positive this as investors digest comments from michelle bowman bowman's tone making her the third fed speaker this week offering a different view of the central bank policy path forward. one interest rate trader saying it is looking at a pause at the june meeting we look at the benchmark right now at 3.41. a lot of movement with the 2-year treasury. that is down 8 points for the week this is below 4% we have seen a lot of people going to the bond market for safety when that yield goes down >>> time for the check of the corporate stories with bertha coombs bertha, good morning >> good morning, frank the new york ti

i think again, this isjust another example of elon musk...twitter? i think we've seen he's laid off so many members of staff including the communications department, i don't see how he can be fully committed to it, while also not sticking to this voluntary framework. and i must say it will be interesting to see how long twitter can remain in the european market if he decides to act in this manner. do you think there is a chance that twitter might actually have to pull out of the eu? that would take away a lot of the company's users. it would, and i think it is a question that many journalists like myself are asking ourselves. i do see that happening potentially. it is a huge market. but certain rules exist there that do not exist in america. well, look, twitter is an american company and so is facebook. many of the other ones we just mentioned. why does it seem the european union is leading the way in terms of these kinds of social media and tech regulations and not the united states? so, i'm in canada. as you mentioned earlier, i'm based in

>> hum. >> and bail out elon musk effectively?, it is a really interesting idea i am not entirely sure i don't have reporting on that. >> no >> i think, look when you look at the scenarios here, to julia's point, clearly there could be some sort of alliance made between elon musk and rupert murdoch you know, in a way they're two kind of media visionaries, musk more on the tech side and rupert on the media mogul side of things there could be some form of alliance there particularly as both of the media and for the twitter tech entities want to see some sort of influence in these elections. >> you'll be there at sun valley, julia, i am sure could happen there >> i will indeed it will be interesting to see how these relationships play out. one thing for sure is elon musk wants eyeballs and this as pretty good way to get them. >> you heard it here first, ladies and gentlemen. >> i'm looking at the market caps fox's market cap is about $15 billion. didn't twitter buy twitter for 45 >> 45 million. >> that tells you already the valuation

they said elon told me he would only pay rent over his dead body. >> elon musk does not pay rent? that is because elon musk is running a company that is hemorrhaging ad revenue right now. it is marked down by fidelity, it is losing more than half of, value because the business is crumbling under elon musk. i'm hopeful that the business can return to an upswing, i mean they just hired a brand-new ceo who is credible, and elon musk is a talented entrepreneur. but, at the end of the day, it does not excuse not being able to pay rent, not paying vendors, and these are all things that we have been tracking that have been going on for months. >> landlords do not care about the business and whether you -- >> eat a billionaire, if you cannot pay rent. he's one of the richest man in the world. >> but you know, what he can also go raise money. i reported a few months ago that and manual and is a company endeavor holdings was one of the companies that had invested in twitter, on to became private. we do not know which other companies or investors might be investing in elon musk, but that is

elon musk talked about it. listen. >> i'm a big believer people are more productive in other than approximate. the work from home thing is like, i think it is -- there are exceptions, but i think the notion of work from home is like the fake marie quote, let them eat cake, you are going to work from home and everybody else has to work in the factory, the people that make your food, they can't work from home, the people that fix your house, they can't work from home, but you can? does that seem morally right? that is messed up. it is a moral issue? >> yes. >> productivity issue and moral issue, get off the moral high horse -- asking everyone else to not work from home, while i do. >> brian: broadly, i understand his point, if you can zoom in four times per day. other situations, you do have ceo of office going, look to the money and we are spending on commercial real estate and i rather have you work from home. come in once a month to the conference room. for example, a lot of our editors edit from the house. th

. >>> we're just getting started up next, trading tesla elon musk sat down with our david faber. we'll get reaction from a tesla shareholder after a break. you're watching "closing bell" on cnbc. ahhh! icy hot pro starts working instantly. with two max-strength pain relievers, so you can rise from pain like a pro. icy hot pro. [office sounds] ♪upbeat music♪ ♪♪ ♪when the day that lies ahead of me♪ ♪♪ ♪seems impossible to face♪ ♪a lovely day (lovely day)♪ ♪(lovely day) (lovely day)♪ ♪(lovely day)♪ a bank that knows your business grows your business. bmo. we moved out of the city so our little sophie a bank that knows your business grows your business. could appreciate nature. but then he got us t-mobile home internet. i was just trying to improve our signal, so some of the trees had to go. i might've taken it a step too far. (chainsaw revs) (tree crashes) (chainsaw continues) (daughter screams) let's pretend for a second that you didn't let down your entire family. what would that reality look like? well i guess i would've gotten us xfinity... and we'd have a better view. do you ne

elon musk spoonfed, elon musk spoonfed to you his cherry-picked information which you must have suspected from most viewpoints are the least generates another right-wing conspiracy theory. you violated your own standard and you appear to have benefited from it. before the release of e-mails in august of last year you had 651,000 were followers. after the twitter files are followers doubled and now it's three times what it was last august. your subscriptions increase significantly boost the work that you did with elon musk. i'm not asking you to put a dollar figure on it but it's quite obviously profited from the twitter files but you hit the jackpot on the vegas slot machine to which you refer. that is true, then it's? >> i foam all -- have also reinvested. >> is it true that you profited since you are the recipient of the twitter files? yes or no. >> is probably a wash honestly. >> you have made money that you did not have before, correct? >> i've also. >> money that i didn't have before. >> reclaiming my time attention is a powerful drug eyeballs attention all that the points to problem

elon musk , a medical device company, is under federal investigation. to possible violations of animal rights in the hands, investigators turned up dozens of evidence of animal cruelty. namazka was complained by his own employees, who thought they were moving science forward, and not working. at the slaughterhouse, the scale turned out to be industrial. during the experiments. more than one and a half thousand animals were killed, however, the main ethical problems of the neurolink are still ahead. this is madness, essentially. everything around us is everything with which we interact daily, the roads we drive on, the technologies that we use as a result of the work of the brain, and now we turn on an electronic neurochip to it, which can go wrong about all knowledge about the human brain today is at the level of knowledge about the brain of a jellyfish . i don't like this idea. musk can upload his brain into 500 tesla bots and we'll have 500 elon masks more than one mask, and there really isn't enough for everything. his missiles are still exploding. h