emily: elon musk has used twitter to replace his own marketing apartment. wonder how an investor fits into the portfolio? how does it relate to tesla, spacex, the boring company and hyperloop, for example? steve: elon is a big picture guy and i think what he saying is i'm an innovator. i've transformed the american auto industry and transformed space. this has to go. ceos of the future need a direct relationship where they can tell the truth in real time and not wait six months. i think that is a step forward and i think he's going to become a role model for not just ceos but politicians. having that direct relationship with the customer and voter and sit of the canned adds so many of us are used to is a bit caustic. you will have to manage it well and we will see how they do. emily: where do you think elon musk falls on twitter's banning of president trump? steve: only elon knows that. a lot of people will say he's a free marketeer and will let trump back on. i don't think that's the case. he has high standards and hold people to a high standard and the rea

held by elon musk.ll absolutely have complete control over twitter and it will be wholly owned, is the statement by elon musk. this is huge news, elon musk will own twitter. it doesn't mean that he just controls twitter a little bit. he is the indisputable king of twitter. he can do whatever he wants with it. he could even decide he will run twitter if he wants to. so this is absolutely huge news. huge ramifications now about how twitter is moderated. is donald trump going to be allowed back on twitter, for example? i suspect he will because all the news from elon musk says he is pro-free speech and does not want people to be banned from twitter. so huge ramifications for twitter and for politics as well. ross: he talks about making the algorithm behind twitter open source, so that we can all look at how twitter decides what we see. james: he has said that a few times before. most of the social media platforms, we don't know about the algorithms, what kind of behaviors are they encouraging and what are

how will elon musk, what are the rules elon musk's way? brad: that is exactly the question.not provided any specificity to the otherwise laudable statements. what i wrote about this morning was the status of @donaldtrump, with almost 90 million twitter followers. what is he going to do? he has expressed some skepticism of a permanent ban. so i think we are likely to see donald trump -- if he wants to, he told fox news he doesn't want to go back to twitter. i find that hard to believe. if he comes back to the service, what kind of reaction will that get? what are the limits, even for a public figure that has trodden over them in the past? emily: you pointed out that jeff bezos when he bought the washington post famously said he has hands off, he will not have any sway over editorial decision. elon musk is basically saying the opposite here. he is going to be very involved. especially if you look at how involved he is at tesla and at spacex. what does it mean for a single person to have such sway over a platform that is so influential over public discourse? brad: the compariso

with elon musk, i believe stocks in twitter are up more than 20% since elon musk disclosed his staketwitter on april 4. it is like just having him involved attracts investment and hype and excitement. could it go want to do great things? -- go on to do great things? >> the fact that he made an offer for the company and the stock price goes up is not the same as the company generating profitability. i think a bigger problem is not going to be a great company. the bigger problem, if elon musk is the dog that catches the car, is he going to do things that alienate many of the users on twitter that make it relevant? what makes twitter so relevant is the great debate that takes place all day, every day. if he does things like bring back donald trump, for example, he is going to alienate something like half to two thirds of his users and they will drop off the system and go somewhere else. he will lose them. they aren't going to be monetize of. -- monetizable. i don't know what he has in mind. i don't see his vision making this company great. >> tim, as we mentioned, a major shareholder in

here, elon musk is buying this huge media opposite -- media outlet saying basically the opposite. tosha lamp, thank you as always for joining us. coming up, we debate the topic of free-speech now that the musk twitter deal is officially done. but first, what role might the sec play here? that is next. this is bloomberg. ♪ is bloomberg. ♪ emily: in the process of stealing a deal to buy twitter, elon musk also chose to use the platform to once again complain about the sec. specifically, the san francisco office, overtaking tesla private, cong them quote, shameless puppets of wall street short seller sharks. and adding, once again, that is why he lost all respect for them. let's talk about the sec with lydia who joins us from washington. so curious what folks inside the sec are thinking right now. does the sec actually have jurisdiction over this deal? lydia: to a degree. the sec's role is really one of disclosures. when the transaction proxy is filed they'll get a chance to really push twitter for clarifying a lot of the terms of this transaction. emily: so, what exactly -- what kind

nothing that appeals to elon musk. in terms of what he would change, he would likely make it a free-speech haven, reversing probably many of the guardrails twitter has put forth recently to protect the health of the platform, users, and to make advertisers feel comfortable advertising there. he would probably also likely transform it into a subscription only service that doesn't rely on advertising to bring in revenue. i don't think that this would happen overnight. i don't think that he is 100% happy with the existing subscription model and he would want to improve it before implementing those changes but that would likely come of the deal materializes. caroline: to that point, would any change be a positive change? how do you view the discussion around the evolution of the product and whether it could inherently add value. what i took from the ted talk was that this ended up sort of being a not-for-profit endeavor he's taking on. >> i think you just pointed out what's going on here. i don't necessarily hear a public

jasmine, just talk to us about what you think elon musk wants out of this. is it to exercise change, what change could be a foot? >> it's not totally surprising this is happening. we expected there to be turbulent times ahead. musk is one of twitter's most prolific users. twitter is a social platform that drives on big news and uncertainty. in terms of what he will change, i think musk would make twitter a free-speech haven. probably reversing a lot of the guardrails twitter has put forth recently to protect the health of the platform, its users and to make advertisers feel comfortable there. he probably will likely transform into a subscription only service that does not rely on rapid type -- on advertising to bring in revenue. i don't think musk is 100% happy with the existing subscription model. that is something that would, if this deal materializes. caroline: mark, if you see that the product could change, would it be a positive change, how do you view any of the discussion around the you pollution of the product and whether it could add value? what i to

elon musk bid $43 million to buy twit r. take it away. >> to say it was a choppy day is an understatement. that was $43 billion all cash offer. $54.20 per share from musk. it is conditional on anticipatedded financing. how would he pay for this? let's look at the volume. the line on the right hand side of this screen mimics what we saw on april 4. 250 million shares changed hands on thursday ahead of a holiday weekend. we know the retail investors also a big part of this story, interesting to see that on the right-hand side of your screen. i mentioned a moment ago how is he going to pay for this? elon musk sate he had the financial assets to make it happen. he had reservations whether it would ultimately happen. look at your screen. tesla down almost 4%. he might sell some of his tesla shares to engines. he bored against value of those shares. he only has $3 billion of liquid asset. breaking news, according to the new york post, thomas bravo is working on a possible bid. this story is not going to go away. perhaps a question

the statement says it will be wholly owned by elon musk, so elon musk will now be the king of twittero whatever he wants to it and he will pretty much know what he is going to do, he says that he is a fundamentalist when it comes to three speech, so we are going to see a lot less moderation, i can imagine a lot less moderation, i can imagine a lot less moderation, i can imagine a lot of people who have been banned on twitter will be allowed back onto twitter, the most obvious one could be donald trump. so this move has hugely consequential implications, not just for hugely consequential implications, notjust for big tech and silicon valley here, but also for us politics and you already see on twitter lots of people on the right are waving their hands around, overjoyed by this moment, where elon musk, who is a self—proclaimed libertarian, now owns twitter. it is twitter�*s plaything for him and he can do whatever he wants to it. so a hugely consequential moment here. some would argue, though, that companies like twitter started off potentially having that propensity towards allowing fr

elon musk. name is holding off for now. >> todd: we'll tell you who that is, many guesss and pack in more when kara frederick joins us next. ♪ ♪ shhhhh.. to the twitter takeover, threat to democracy. >> todd: conservatives are remaining in celebration, not former president trump, brooke singman joins us live with more. hi, brooke. >> brooke: former president trump says he is not going back on twitter, but will use truth social instead, telling me he hoped elon musk would purchase the company, he expectss he will make improvements and says he's a good man. trump was suspended from twitter, facebook and instagram after the capitol riot in 2021, after the companies deemed his posts inflammatory. ron desantis says there is prospect the platform will be a place free speech can thrive. as republicans celebrate twitter new ownership, calling it a win for free speech, democrats renew calls for big tech crackdown by congress. senator elizabeth warren says the deal is dangerous for our democracy, while ca

emily: do you think this is more about elon musk speech? how could this influence future moderation efforts at twitter? guest: it would be more about his speech if we stay in the world of twitter being a single centralized point of control over the rules. if we don't go into this decentralized direction we have been talking about for a few years, and instead there is just one decider in the middle, then elon musk's role is really important. i don't think we should foresee a world where twitter becomes a free speech mosh pit free-for-all. they are not going to make money that way. if you get onto twitter and help a bunch of racist comments or bullying or spam or all of these things users don't like and advertisers don't like, that is not away to retain users or to be profitable. i don't think we should imagine a world where if anything goes on twitter. at most, it's a world where twitter still imposes its own rules, but they are more influenced by elon musk but intentionally another direction where twitter steps back and gives users choice.

let me go back to the other issue which involves twitter and the meltdown of elon musk. musk.a sudden liberals are now saying they are afraid that people with different political views on the left, they might get canceled on twitter. voices might be silenced. and i'm like, well, where have you been the last number of years because conservatives have been living this nightmare for the entire time? not one of these people, one time, ever stood up and said "what you are doing by banning donald trump withered like him or don't like him is wrong where shadow bannings conservatives or hiding the hunter biden laptop story is just simply wrong." your thoughts. >> look, that is exactly right. elon musk buying twitter without x-acto mic exaggeration is the most important development for free speech and big tech is it existential threat to free speech and free and fair elections in america. there is a dynamic played out for decades, which is conservatives win when we effectively communicate what we believe because our ideas work. freedom works. liberals win when they effectively hide wha

ever heard anyone political but elon musk. and as stupid as it is, he's not gonna bring back trauma. that's a lot of audible people are free not about. >> tucker: i think you're absolutely right. dave portnoy thank you so much for that. >> thank you. >> tucker: so there is but an invasion of sovereign countries has been invaded by millions of foreigners, oats our country is not ukraine. the department of homeland security says that nearly 20,000 migrants have come each day into our country, 20,001c administration trays and title 42 a life report on what's happening on a border. who shocked by it will talk to them next. ♪ ♪ this mother's day, show mom that you worship the ground she walks on. or in this case, stands on. the new anti-fatigue comfortmat from weathertech is a gift she'll appreciate all year round. it makes standing comfortable in the home or office and comes in a variety of colors and finishes. and for mom's vehicle, there's cupfone, floorliner, cargoliner, and seat protector. show mom that she deserves the best w

us feels like it— elon musk, it almost too many of us feels like it is— elon musk, it almost too manyelon musk,'s world, we are just — feels like it is elon musk,'s world, we are just living _ feels like it is elon musk,'s world, we are just living in— feels like it is elon musk,'s world, we are just living in it. _ feels like it is elon musk,'s world, we are just living in it. in - feels like it is elon musk,'s world, we are just living in it. in a - feels like it is elon musk,'s world, we are just living in it. in a way, . we are just living in it. in a way, this— we are just living in it. in a way, this is— we are just living in it. in a way, this is not— we are just living in it. in a way, this is not really— we are just living in it. in a way, this is not really going - we are just living in it. in a way, this is not really going to- we are just living in it. in a way, this is not really going to rock. we are just living in it. in a way, i this is not really going to rock the bedrock— this is not really going to rock the bedrock of— this is not really going to rock the bedrock of

elon musk came famous as a businessman. he makes electric cars and rockets it has become the single richest person on planet earth by doing that. elon musk is not from the united states, he grew up in south africa, and get he has a keen and precise understanding of how our system was designed to work. as he put it on twitter last month, "free speech is essential to a functioning democracy." and then musk asked his 80 million followers on twitter this question. "do you believe twitter it regularly and here's to the principal"? and overwhelmingly they answered no, it doesn't. so elon musk understands something about twitter that many people in our country don't understand, it is the single most important form for speech possibly in the world. not because it's the biggest, but because it's where elite opinion is incubated. and so free speech on twitter matters, and last month, elon musk gave the impression that he planned to do something about it, that he planned to open up twitter, he bought 10% of the company. now, today, mu

there is a big difference between this model and what elon musk is proposing. bloomberg and bezos do not march into the editorial board rooms at bloomberg media and at the washington post and demand a change in coverage. they pledged not to. musk has essentially placed to alter the way information is shared and disseminated on twitter. so, there is a question of media consolidation and he is not the first billionaire to get into the media ownership game but he is the first we've -- to do so with the next -- an agenda behind that and that agenda is not the sustainment of media or public information. it has got a political bent to it. so, whether twitter or other platforms ought to be regular did as public utilities or not, i think, you know, to me, it is concerning that one individual, by the way, could become a you know i am a democrat, one in individual could only's companies for the express purpose of changing the terms of service and the algorithm works, which again is ultimately about who controls the discourse and are the sort of, positions able to be able

is elon musk the answer? if not elon musk, is it a public utility? is it something else? teddy: i personally think it is probably not elon musk. there has been a lot of people, mainly elon musk allies and supporters over the past couple of days saying for instance, bloomberg. look at the washington post. the washington post was bought by jeff bezos. there is a big difference between the bloomberg washington post model and what elon musk is proposing. bloomberg and bezos do not march into the editorial board rooms at bloomberg media and at the washington post and demand a change in coverage. they pledged not to. musk is doing the opposite. he has essentially pledged to alter the way information is shared and disseminated on twitter. there is a question of media consolidation. he is not the first billionaire to get into the media ownership game but he is the first in this cohort to do so with an agenda behind that and that agenda is not sustainment of media or public information. it has got a political bent to it. whether twitter and these other platforms ought to be regula

and elon musk is set to buy twitter

he is no longer elon musk, he is elon.dave, madonna, shimkus -- >> carley: wow, up there with the greats. >> todd: is that reaction we just saw and lack of specificity overreaction? you mentioned midterms, is this overreaction to the fact they don't control the message for the midterms, putting out there what they want the voters to hear or not hear to sway the voters? >> joey: it is like losing your playground when you are a kid. they lost the play ground. they know a level playing field is coming and maybe we'll have debates on the issues as it involves crime and education and the board sxer unstable world and parents increasingly upset about what their kids are being taught. maybe it will be even debate. censor, suppress, you are locked out. covid came out of a lab in wuhan, can't talk about that. >> carley: elon musk says he will make the algorithm public so people can see what has been going on. joe concha, thank you for joining us. >> todd: great transition. janice dean, where physically are you? >> janice: in the ba

coming up, what exactly does elon musk mean by free speech? he tries to clarify on twitter his intentions for twitter, next. this is bloomberg. ♪ emily: as the deal is being sealed for elon musk to buy twitter, he tweeted that he hopes even his worst critics remain on the surface, because that is what free speech means. but what changes will he make? does he even know yet? i'm joined by that coast of the all in podcast, tim o'brien. looking forward to a spirited conversation. david, i want to start with you with this question. what does free-speech mean to you? >> what it means to me as we don't have arbitrary censorship rules on the platform that twitter will act as an open town square. it will be an honest referee of the debate but will not try to choose winners and losers in the debate. what we've seen over the past few years is a growing movement toward censorship, where it started with individuals who are unpopular provocateurs like alex jones. they were deplatformed. then you had a sitting president of the united states being deplatform.

elon musk is not single largest shareholder. he has the eighth largest follower on twitter, tweeting this message to his 80 million followers. joining us to discuss why he might have made a move is in. it seems like like investors like it. twitter shares really jumped. >> yes. wall street is a weird animal. especially when it comes to elon musk. we have seen a lot of weird meme stuff type go on. when gamestop was going crazy, that stock -- part of it was when elon musk tweeted about it. those going and those other cryptocurrency crazy things, elon musk's name attached to it and became a thing. him getting involved with twitter drew some attention. there is a larger question about what he wants to do. he has influence over how the company will operate. >> a seat at the table. he is -- he has often criticized twitter when it comes to free speech. he asked people if twitter vigorously adheres to this principle, meaning allowing free speech which he says is essential to a functioning democracy. what is his game here? >> trying to fi

tesla had a better report than certainly netflix yesterday, but a lot going on in the world of elon musks an investor that there are all of these many distractions? ross: clearly, they are not affecting tesla's focus. elon sort of lives on another planet we call mars, and he does not sleep, and he has a tremendous passion for making the world a better place, and doing it profitably. how he has executed with such a difficult supply chain environment, and manufacturing environment, further shows the dominant mode that tesla has built around their business, and the foresight in being able to deliver so many vehicles profitably in this environment, where no other countries doing that in the industry, with traditional cars or ev. i think the lack of focus has caused netflix to drift a little bit, crating opportunity for long-term investors. tesla is a fully valued company that is executing really, really well, and i think will continue to for a long time, so this is really a special time for tesla, because next year looks even better, and there executing beautifully. emily: the cfo has been d

i'm karishma vaswani, in singapore. 0ur headlines: elon musk, has clinched a deal to buy twitter — elonatement, the two sides said they wanted to make the social media platform better than ever. the russian foreign minister, sergei lavrov, says nato is in effect engaging in a proxy war with russia, and that weapons delivered to ukraine from the west would be what he called legitimate targets. let's turn to the us now, where a judge in new york has found donald trump in contempt of court for failing to provide documents investigation into his business practices. the former us president has been ordered to pay a fine of $10,000 a day until he complies. the new york attorney general has been probing mr trump's business practices for two years. mr trump's lawyer said she would appeal the ruling. a partner in the new york law firm buckley llp, daniel r alonso, gave his reaction to the ruling. subpoenas are not optional, court orders are not optional, people comply with them every single day. it is very unusual for somebody to say, i'm not going to comply with this or keep arguing even after

do you think elon musk can and will protect free speech?im: i think free-speech is being used as a proxy for unfettered speech and i'm not a fan of unfettered speech. i don't think propaganda should be allowed to run rampant and misinformation be allowed to run rampant on social media platform and it has i don't think calling someone like alex jones a provocateur really captures the totality of how he has used media platforms. i.e. don't think -- they're all -- there are already a lot of categories of speech that are not permitted on twitter. would david be comfortable with pornography being on twitter or snuff films for russian propaganda or chinese propaganda? i think the idea of conflating the notion of free speech with political arguments about, right censorship is a straw man used to describe a problem that doesn't exist to the same extent misinformation does and i don't think elon musk has much of an interest at all in solving the misinformation problem on twitter and putting things in place that would allow for responsible vetting, n

elon musk is fixated on free speech. jack dorsey stepped down as twitter ceo in the last weeks of november last year, and agarwal became ceo, elon musk tweeted a meme that had agarwal pushing -- as joe's install and -- joseph stalin. the idea was that elon musk was not a fan and there were ideological differences. there was a concern about content moderation on the platform. he would expect that to start. guy: why is the stock at 47, not 54? ed: the market being sanguine. the market not jumping the gun. i'm referring to the text of the letter that elon musk sent to twitter. he says if the offer is not accepted, this is his best and final offer. if it is not accepted, i would need to reconsider my position as a shareholder. it seems like every possible outcome is still on the table. this is the problem with the situation. if we are going on the regulatory filing, he says this is his final offer. what role is the s.e.c. going to play in this? this is the problem with how elon musk operates. there are notes that have come o

we won elon musk is twitter app largest shareholder. nvestment in twitter? google sounding the alarm over a hidden apps on your phone. it can track your location and record you without you ever knowing. soon ukrainian president zelenskyy will address the security council. he had a firsthand look at the devastation left behind by russian forces in bucha. alex hogan is on the ground in will file her report next. ♪ ♪ i'm the latest hashtag challenge. and everyone on social media is trying me. i'm trending so hard that “hashtag common sense” can't keep up. this is going to get tens and tens of views. ♪ ♪ ( car crashing ) ♪ ♪ but if you don't have the right auto insurance coverage, you could be left to pay for this... yourself. call a local agent or 1-888-allstate for a quote today. at xfinity, we live and work call a local agent or 1-888-allstate in the same neighborhood as you. we're always working to keep you connected to what you love. and now, we're working to bring you the next generation of wifi. it's ultra-fast. faster than a gig. sup

elon musk offering $43 billion to buy twitter. that prompted an emergency meeting today for twitter employees. so what happens now? good evening. i'm raj mathai. what you might not know about elon musk and that possible takeover of twitter. also, we're going hear from steph curry about his status for the upcoming play-offs which tip off on saturday night. but we begin with this, the rain off and on all day, and it's not over yet. you see the green still popping up on our exclusive storm ranger radar. that detects rain at a street level. nothing too heavy, but it's still a welcome sight. a slice of winter you can say here in the spring. and our snowpack is alarmingly low. we know that. but this storm bringing a lot of fresh snow to the sierra. let's walk over. we're joined by jeff ranieri. really good to see you. we were chuckling about it. it's nice to see the slice of winter because we couldn't get any winter here. >> we couldn't get this if we tried in january and february. totals good over e over the north bay. oakland hills, .

jonathan: elon musk slaying solo with an offer.scinated to see what he does with this company if he can close it. futures at -0.8% on the s&p, on the nasdaq down by 0.9%. good morning to you all. the situation in china shaking up this market worldwide. >> i think we are going to end up living with more inflation. >> stagflation has two parts of it. you've got to focus on the stagnation as well as the inflation. >> many consumers are going to falter even further under the weight of what is likely to be more interest rate hikes. >> i don't think the markets should take comfort in that. >> this is still an economy that is operating above trend that can be resilient to some shocks. >> this is "bloomberg surveillance" with tom keene, jonathan ferro, and lisa abramowicz. tom: good morning, everyone.

the company forward in that direction, only elon musk knows. just forward in that direction, only elonn that direction, only elon musk knows. just on the fact that i should point— musk knows. just on the fact that i should point out _ musk knows. just on the fact that i should point out it _ musk knows. just on the fact that i should point out it might _ musk knows. just on the fact that i should point out it might get - musk knows. just on the fact that i should point out it might get more| should point out it might get more unpleasant, there is already a fair amount of criticism that twitter is already quite a grim place to be, and as you say, the likes of donald trump, if they do come back onto the platform although he said he won't, what's that mean for users? what you see happening there? if what's that mean for users? what you see happening there?— see happening there? if you look at what joe see happening there? if you look at what joe biden _ see happening there? if you look at what joe biden says, _ see happening there? if you look at what joe biden says, he _ see happening th

elon musk has spoken about free _ people. elon musk has spoken about free speech _ people. speech when - people. elon musk has spoken about free speech when it - people. elon musk has spoken i about free speech when it comes to twitter. 0ne about free speech when it comes to twitter. one of the richest men in the world, facebook, instagram, whatsapp, owned by mark zuckerberg, tiktok owned by the chinese government. what are the alternatives? that by the chinese government. what are the alternatives?— are the alternatives? that is exactly what _ are the alternatives? that is exactly what we _ are the alternatives? that is exactly what we need - are the alternatives? that is exactly what we need to - are the alternatives? that is exactly what we need to be l exactly what we need to be asking ourselves. what policies are needed to ensure we have more competition in the tech markets. first, us congress should pass the various acts that would allow for more competition. beyond competition, we need to structure social media in a way that isn't privatised in these walled gardens.

what did elon musk do? he tweeted a meme, of course, and the meme depicted basically, there you see on your screen, him as joseph stalin, the soviet dictator, pushing the secret head of police, jack dorsey, into a river. all we ever have to go off with elon musk is cryptic tweets and memes. but you read into that that perhaps elon musk does not have the best opinion of the current twitter ceo. we have not had a response from twitter yet, by the way. that is what one action could be , raising the question of leadership in the company. guy: there are others that want to build social media platforms. this is a buy, not build strategy. donald trump wants to build. what does it mean for his spac? ed: the spac taking donald trump's media company public is down pretty significantly this monday moaning. there's news that two executive directors of that spac have resigned. but it is interesting, much like trump that criticized mainstream media, musk has chris sized mainstream media. -- musk has criticized mainstream

be making this kind of moon on elon musk's part?— elon musk's part?npredictable and we - elon musk's part? well, he is unpredictable and we also - elon musk's part? well, he is i unpredictable and we also don't really understand fully what his true intentions are and i don't think he necessarily will care too much about the rules and regulations that may or may not arrive in different countries. i think parties because he has the money and the interests of doing this and he is the world's richest man and also he has issues with the sec in the united states and his use of twitter and this will certainly rile them about how he is performing on the platform and i think he doesn't like the way that the platform he has got a huge following of 80 million on there, how it is run and how he wanted to be run in the future so i think there's lots of factors in play here but i don't think he cares too much other than what he wants out of it.— wants out of it. briefly, what is twitter— wants out of it. briefly, what is twitter doing _ wants out of it. briefly, wh

elon musk came famous as a businessman.rth by doing that. elon musk is not from the united states, he grew up in south africa, and get he has a keen and precise understanding of how our system was designed to work. as he put it on twitter last month, "free speech

coming up, elon musk is now the biggest shareholder in twitter. why did he wanted, and what change will he push for? or now that shares have shut up 27%, could he just sell? we have discovered from all angles. plus, we will hear directly from okta ceo todd mckinnon his first interview since that massive third-party breach was disclosed. what really happened, and how are they addressing customer concerned? we will have all the details in an exclusive interview. and coming out of crypto's breakout year of 2021, what trends should we watch for now that greater adoption is underway? from inflation to regulation. we will speak from a top exec from the crypto platform gemini about their latest global report. first to the biggest story of the day, elon musk and twitter. the tesla and spacex ceo is closing in a filing he now owns a 9.2% stake in twitter worth somewhere around $3.7 billion, making him the company's largest shareholder. the big question, how will he use this new power? let's bring in ed ludlow. the big question is just how active is elon mu

dani: what is elon musk's motivation? is complex and there are a number of motivations in play. firstly, free speech. he sees this as a bedrock of democracy. he has been critical of censorship on the platform and thinks there should be more transparency around this, and a lot of engaged users on twitter are angry that someone like former president donald trump was censored whereas the taliban could still post freely. he likes that twitter is a polarizing platform and he wants those on the most left and right of the spectrum to be equally unhappy. i think this next week will be telling. essentially elon musk once a twitter to go back to its heyday. he is critical of accounts like barack obama and katy perry that have far more followers than elon musk but barely post content. if you were born before 1970, it is essentially a troll. dani: i feel like you were just trolling the boomers, i like it. laura wright will be on the program throughout the next few hours, keeping us on top of the twitter story. next is bloomberg marke

jonathan: the offer from elon musk is $54.20. twitter trading pretty close to it as all reports suggest could, i emphasize could, have a deal as soon as today. tom: in all the reporting over the weekend, the single sentence, i'm going to give bloomberg credit for this, morgan stanley steps in in some way to assist here. there is a difference between mr. musk alone and mr. musk wall street. jonathan: and it is not just morgan stanley. it was mufg, bank of america, barclays, a whole range of banks backing up elon musk's offer. that is clearly what changed things for this board, taking that offer seriously. at the time it came out, the jokes about whether this was serious or not. once we you get wall street involved in you throw them over to the board, that is when the board takes this a whole lot more seriously. tom: michael nathanson will brief us on this this hour. we got to look at every thing else as well. some catharsis, to say the least, friday afternoon. jonathan: this for me over the weekend continues, and it really bleeds

it is day two of elon musk's twitter board member joining. after a huge spike in shares, how are investors feeling about twitter today? >> it is definitely the story of the week. twitter over the last three days, you are looking at the rally that elon musk built. shares are up almost 30%. they did decline a little bit today, but held off in a broad-based selloff. if you look at the big board you can see the yield curve held onto its steepening trend. you have those long bonds continuing to sell off. if you look at oil prices, you saw crude oil dip low $100 per barrel. crude down 5.6% this session. meanwhile, volatility picked up. but it was the chip stocks that were your underperformer today. the philadelphia semiconductor index down 2.3%. let's stick with the chips because this is part of a broader selloff we have been watching all year. nvidia, amd, qualcomm all down double digits than some. if you look at the index level, the philadelphia semiconductor index down 19% year-to-date. so, definitely a sector to watch. emily: katie greifeld, th

my guess is that he is generally sympathetic to elon musk and a lot of the things that elon musk sayswould love to see happen if they were really possible, although not to completely abandon moderation, one of the things that musk seems to be implying or saying he might do. he doesn't say it straight out but he sounds like he is interested in producing moderation. one thing that jack did last week was he tweeted cryptically -- everybody stop and hug. what does that mean? does that mean the board of twitter should hug elon musk or vice versa? it does suggest that probably he thinks negotiate a resolution being possible but we are reading tea leaves here. emily: michelle, is there a potential for a negotiated resolution? what would that look like? >> when i spoke to lawyers and bankers on this matter, they said every possible bid ends up as a friendly bid if it turns into a deal and for this to work for elon musk, he needs the board to remove the poison pill. even if he gets the offered done, the bill is contingent on that. this has shown that he is serious about the offer and it is goi

elon musk and twitter. he says he owns a 9.2% stake in twitter worth somewhere around $3.7 billion now. making him the company's largest shareholder. the question is how he will use this new power. let's bring in ed ludlow. how active will he be? quite the devil is in the. you are only eligible to do this if you have no intention of changing or trying to control the operations of the issuing company. you are a passive investor. and look at the board. at 27% gain on twitter. various asset classes not moving strongly in either direction but that gain is having an effect. come with me to my bloomberg terminal. this is the biggest jump in twitter stock since november of 2013. i know you were there in 2013. you witnessed the masses -- the massive surge in twitter. this is a stock that was underperforming year to date. but things have lost momentum in 2013. emily: i was on the floor of the new york stock exchange when twitter went public. i will stick with twitter. joining as is the general partner of moxie ventu

had a plan, a post elliott activist investor plan to get its business on track and then here comes elon musk saying i'm not as interested in the business as i am in this as a tool by the way, musk doesn't like the core of twitter's business strategy so a lot of questions here i think that's one reason why we are seeing so much skepticism from analysts. >> yeah. it would be an unprecedented surrender, carl, for the current management and board to just hand over the reins to elon musk you're offering way less than the 52-week high and no confidence in management, here you take it. they might do that maybe they don't have -- >> he says he has no confidence in the board and he hasn't detailed the financing so it would be -- i can't think of a precedent and david faber this morning couldn't think of one either this morning, carl. we'll see. >> i think dow jones was the we could think of you have a big family contingent. >>> sticking with twitter, musk says free speech means different things in different countries leading to retaliation against both tesla and spacex. bring in nilay pitel interesti

elon musk describes. it is a global communications network that if it did not exist, you would really want to invent it. i think a lot of people are getting hung up on what he said about free speech. they are not looking at what elon musk really thinks about which tends to be elon musk and what he wants to do next. acquiring twitter is a great way to do this. he has a lot of fights going on with the securities and exchange commission in the u.s.. the sec says that affects the price of shares. shares that he might own, shares he does not want to own. i think it is a bit simplistic to just go along with what he says. i think you need to look at it more deeply. also, just making everything free-speech, having less content moderation. he needs twitter to make more money than it ever has before in order to justify this takeover. the simple answers are not actually the solution here. >> ukraine has received its highest level of visits by u.s. officials since the war began. the secretaries of state and defense m

elon musk has clinched a deal to buy twitter.d they wanted to make the social media platform better than ever. the russian foreign minister, sergei lavrov, says nato is in effect engaging in a proxy war with russia, and that weapons delivered to ukraine from the west would be what he called legitimate targets. the authorities in beijing have announced they're expanding a mass—covid testing campaign to another ten districts after a sharp rise in cases in china's capital. people have been stocking up on food, as fears grow that the city could be locked down. millions of residents in shanghai are still in the middle of a lockdown that's lasted for more than a month. i'm joined by professor yanzhong huang, senior fellow for global health at the council on foreign relations. just how serious is the situation right now? if just how serious is the situation right now? if you 'ust situation right now? if you just look _ situation right now? if you just look at _ situation right now? if you just look at the _ situation right now? if you j

elon musk tweeted on saturday.ceptionally difficult quarter due to supply chain interruption and the zero covid policy outstanding work by tesla team and suppliers. save the day what do we expect from tesla for the full year? we have not seen much change in the expectation on wall street 1.45 million vehicles expected to be delivered this year. that would be a huge jump from the 936,000 that we saw last year by the way, the run rate, at this point is expected to be 2 million vehicles annually by the end of the year. it doesn't mean they will deliver 2 million this year. the production run rate. that is the expectation at this point. this is the huge week for tesla. they have the gigafactory in austin opening, officially, deliveries starting on thursday. that will be a giga-rodeo according to elon musk coming up in two weeks on april 20th, that is when we get the q1 results. we will hear from elon musk at that time. we think we will hear from him he said in the past that sometimes he may not be on the earnings call

elon musk may want to change the model.e he moves into this market, the more he will overlap with regulatory worries. tom: the central contradiction for air -- for elon musk as he looks to take over twitter. interesting to see goldman sachs offering a loan. francine: i have a fashion designer that opened a pop-up store in london overnight where you can now pay crypto. tom: it is becoming even more mainstream. the futures stateside, losses of 0.3%. digesting the warnings from amazon and apple. stay with us. this is bloomberg. ♪ ♪ >> now, we always have to be, take a look, and no one is predicting a recession now, some are predicting there may be a recession in 2023. >> i want to acknowledge the challenges we are seeing from supply chain disruptions driven by both covid and silicom shortages to the devastation from the war in ukraine. we are not immune to these challenges, but we have great confidence in our team, in our products and services and in our strategy. >> there no indicators that we are seeing a weakness in consume

twitter has its challenges, elon musk aside. they are a social media platform with 200 million users and they are seeing not a lot of growth because other sites are becoming popular including instagram and tiktok. they have challenges as a social media platform. now you add a noisy and prolific and very washed agitator mike -- watched agitator like elon musk. there is talk of a poison pill so he would not buy a bunch of shares and doing what you were saying, because a lot of hype and then say, never mind, i have sold my shares, he walks away with a profit but the market tanks. it is not how you want to be spending your time especially if you are twitter, which is in the midst of trying to take on the challenges of building their own social media network at a time when they are being challenged. kristen: here is the 64 million dollar question, what does elon musk really want? does he actually want twitter? if he gets twitter, which you can predict, what is he going to do with it? or those going to be good for consumers? you want

i'm just very hopeful that elon musk stays the course. i'm prayerful that elon musk is protected.ause what he has done, again, with its climate change from a changing of the climate of twitter is incredibly threatening to this democratic authoritarian style of government, this move of marxism and trying to mimic the behavior of china. he has disrupted everything. i don't know in my career in 30 years in journalism 35 may be, i don't think i've seen anything this disruptive as what he has pulled up here. and i just delight in the fear that it has caused and the panic that is caused among the left. that he's over the target. this is incredible. this is an incredible time to live and to witness this. they have ignored all of the warnings here are the warning signs that this was coming, that people were eventually going to rise up and say you cannot feed these lives forever. you can't intimidate me and send out your antifa thugs and black lie matter thugs and get away with it forever. the storm is coming. i just am happy to be a witness to it. >> tucker: amazing. you are rooting for t

host: if you think elon musk will improve twitter, (202) 748-8000 is the number if not that number is (202) 748-8001. plenty of beds in today's papers. this is from the washington post, there are policy that musk could alter and could immediately improve the public discourse. he could show tweets in chronological order which would make users engage in order. he could add the re-tweeting function. it would also make twitter a less viable business. the things that are easiest to fix are the things that must stand. there will always be gray zones because not anyone wants and unmoderated forum. that is from the washington post. this is cindy from miami, florida. caller: i don't agree. i think this is becoming political. i heard a gentleman saying that c-span is leaning towards the democrats. why even say this, this is about twitter. i'm afraid that he is opening twitter to the band individuals. the reality is, he has turned this world upside down. that is all i have to say. go entertain yourself with something else and leave twitter the way it is. host: joseph from washington dc. caller:

now to have elon musk come in.s dorsey is saying twitter existed on lots of dysfunction and changes. it doesn't mean it needs a huge new injection of life. that's the way i read that tweet. someone couldmisinterpret it we don't need a massive takeover on twitter to help survive twitter has been adaptable the last thing i would say, brian, twitter made a change a year ago in the business model that is where you are getting the pressure maybe they are not seeing the returns on the subscription business. >> great poibnts. the ceo is under 40. he made comments a couple of years ago saying free speech is not our priority whatever he meant by that, that's going around and people are going after. this fight is nowhere near close to done. sarah fisher, thank you very much for coming on the program odd stuff by jack dorsey we will to more in a few minutes. >>> and coming up after the break, the ceo of coldwell banker with the rates of housing and the one thing all homeowners should be doing now but most aren't at cdw, we ge