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

thank you. | to the us now where billionaire elon musk says that he has found a new chief executive to he bought last year for $44 billion. mr musk did not name the 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. first of all, i think it is important to mention thatjust 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 was going to be the next chief executive, and he told me he had already made a dog chief executive. it is hard to know whether he is joking executive. it is hard to know whether he isjoking or executive. it is hard to know whether he is joking or not. executive. it is hard to know whether he isjoking or not. it does seem like he is serious this time and that would be a significant moment for twitter. first of all, his avenue chief executive is a machine. i think thatis executive is a machine. i think that is really important. the

saying the bank would be too slow to lower interest rates you can watch the entire interview with elon muskn our premium service, cnbc pro. >>> and nadella hit back at musk's openai claim. the boss made the statement to fox and called for a pause in developments remember elon musk is one of the co-founders of openai. nadella sat down to discuss it >> i see it as factually incorrect. as i said, openai is very grounded in their mission of being controlled by a noncommercial board, we have a great partnership in it, and, quite honestly, i'm very comfortable with working with a company that's pursuing this technology that's going to be controlled by a nonprofit. the last time i checked, we are the only for-profit company comfortable with a nonprofit company. >>> major interviews with others over overnight. but do not miss the interviews of nadella and elon musk. >>> you see the heat maps behind me the stoxx is dipping somewhat. this is a week after the u.s. stockmarkets a lot of focus on the macro data u.s. retail il sales, the core disappointing. home depot is a harbinger for weaker spending b

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

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

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. again

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

about 1/3. 1/3 of what elon musk paid. easy for me to laugh. 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 the

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

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

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

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

elon musk facing major criticism tonight, both of his decision to block content in turkey and for tweets which have been condemned by the israeli government. here is what mr. musk said just a few hours ago on cnbc. >> he said he wants to erode the very fabric of civilization and hates humanity. when you do something like that -- >> that's my opinion. >> but why share it? why share it, i mean, why share it when people who buy tesla's may not agree with you? advertisers on twitter may not agree with you? >> it's freedom of speech. i'm allowed to say what i want. >> you absolutely are. but i'm trying to find out why you do. >> i'll see what i want to say and the consequence of that is losing money. so be it. >> so be it. luckily kara swisher is here to discuss all of. it she is an headed tour and host of the podcast pivot and on with karen swisher. kara, explain this to us. why is elon musk permitted a shareholders, employers, his board, to behave in a way that no other ceo in the world can act? is it all just, well, he controls his board, and he's made a lot of money with tesla? >> that's

next time. >> laura: david can you give us a sense of the room because we were like were you guys elon muskere. was in like your on? we didn't know where anybody was. >> elon and i were in a conference room in twitter head coaches, a bunch of years gather canned around us and again it's because we've never had an event like this on social media where you have like a million plus people trying break down the doors to get into twitter space and the only way to check the availability is to get to the next level of scale. so we had engineers helping us out and we made the switch to my account. then like you said it worked perfectly and we were trying to use my phone and we used his phone so it worked out great. desantis was in florida. so this was the magic of twitter space. >> that was fun because we had no idea where anyone bass, we wanted photos of all of you. last ukraine, an issue i'm against a lot, i'm blowing a lot ever money and not sure what we're going to get out of it in the end. but if desantis wins, what do you think that's going to hold on that i don't think we should be in wars o

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

ron desantis' decision to announce his 2024 campaign on twitter, with ceo elon musk, has unleashed new of musk and twitter. a new article declares twitter is a far-right social network. the author of that article, charlie worsele, joins me now. charlie, long-time reader, first-time caller. musk has been sharing conspiracy theorys for months. why make this declaration now? >> well, i think that you can just see over the last couple of weeks, honestly, you know, despite what elon musk is doing with his own tweets, right, you've seen the platform as basically -- like a safe haven for people who either lost their seyndicate on cable news or demode de demonitized on twitter, like tucker carlson, who lost his tenure on fox news. those people have seen twitter as a safe place to go, and perhaps to share revenue. and elon musk seems to be, you know, welcoming them in with open arms. yesterday was sort of the last sort of making all the subtexts texts where, you know, he's inviting ron desantis to come and launch a political campaign there. so i think, you know, this isn't about the content tha

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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

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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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

new ceo of twitter and linda yaccarino will bring advertisers back to the platform this is after elon musk tweeted he found a new ceo to run the social media site with the start date in six weeks. musk will transition to executive chairman and nbc universal is the parent company of cnbc. we have reached out to yaccarino for comments >>> janet yellen will speak with board members from the bank policy institute with the lobbying group headed by jamie dimon and jane frasier this comes after the meeting today with president biden and house speaker mccarthy was postponed until next week. >>> tesla recalling almost every car it sold in china chinese regulators say 1.1 million cars tesla built in shanghai or imported since 2019 through april of this year will require an over-the-air update in order to fix the issue. frank. >>bertha, thank you very much. >>> just one brick in the wall of worry for the market. the issues include the standoff over raising the debt limit and hard landing from the aggressive tightening cycle since the 1980s. we have been asking our guests on "worldwide exchange" where

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

>> elon musk endorsed ron desantis a couple months ago for president. n. their i had logically sim pottic yoe. musk moved to the right in the last couple years. elon musk has talked about transgender people. and desantis is going after them. the idea of transgender people is the corner stone of the campaign to be the republican nominee. >> not surprised. >> but he isn't formally endorsed him. he added that caveat. you know, he's been retweeting tim scott's campaign videos as well as' announced, of course, the quet is who does he formally endorse? i think most people watching have no idea what twitter's space is. not many people are on twitter. certainly community journalists and reporters are. but when it comes to twitter, there is a risk on the technical side of this. >> sure. yeah. i think it's a sort of an unusual platform. i think this will be audio only. >> yeah. >> so, desantis, i don't know, will have to have a good radio voice, i suppose. and then, you know, whatever is happening there will be turned to audio for television or be covered in the n

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

governor ron desantis will announce he is running for president during a discussion with twitter's ceo elon musk so we expect last year musk tweeted support for desantis, saying donald trump is too old to be president. if desantis ran against president biden he would win easily he wouldn't even need to campaign, says musk. here to discuss more is cnbc tech and media correspondent julia boorstin and cnbc.com political finance reporter brian schwartz is musk trying in some way to be a political conservative kingmaker here >> i certainly think he is and i think he wants twitter to help him in that regard, the social media company he now owns. it is not just him who could be that kingmaker really. there is also another player and that is venture capitalist david sachs who is going to be moderating this discussion between elon musk and ron desantis this evening when desantis announces his run for president. for mr. sachs to focus, someone close to him and a few other tech leaders, sachs is trying to position himself as a voice for himself and allies in the tech community and clearly he could be a kin

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

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

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

a se are all dying to like what you guys together like was was elon musk evene there was in europe. we didn' ot know where anybody you know, elon and i were together in a conference room in twitter headquarters, uh and there were a bunch of engineers gathered around us . and again, it'gathers because wa never had an event like this thi on social media where you'ven ps got literally a million plusg b people trying to break down the doors to get into a twitterh space . and the only way to really testt the scalability of a techo th platform is you just get tof that next level of scale. so we had engineers there who are helping us out and we just made the switch to my account. thenthen, like i said, it worked lt perfectly, but it wae and elon sitting next to each other. and we were just we tried usinyg his phone that we tried using my phone and it worked out great. so desantis was in, i think, n florida. and so this is the magic of twitter space is that everyonec can be in different places. >> so that was fun.space. because we had no idea where anyone was. we wanted photos of all of you

lauren fox, thank you. >>> elon musk asked followers if he should step back as the platform's ceo. yes. musk now says he found a new chief executive. we have the details next. >>> and it's a she. >>> and the boston celtics narrowly escaping elimination thanks to an epic fourth quarter perform bns a jayson tatum. mom: we're having triplets. no, what does that mean? it means you're gonna need more tide. -see? -baby: ah. more likikes? more tide. the momore adorable? more tide. everyone's gonna need more tide. ♪ you're gonna need- more tide. it's a mess out there. that's why there's 85% more tide in every power pod. - [narrar] we just signed the lease on our third shop. i guess we're a chain now, right? we worked so hard to get here. my assistant went to customink.com to get our new uniforms and merch with all the location names. our custom gear helps him get our brand out into the community. he takes care of all of our custom ink orders. he was able to find great products, upload the new art, and have boxes sent directly to each of the shops. custom ink makes it so easy. get started to

and you are saying it is not about elon musk.not comparing the time before, as in before he bought it, and the time after? when you compare, saying it's gotten more angry, what ar time periods are you comparing? >> we are not comparing to before he bought it and after. we did our study over two weeks in february of this year. what we are actually comparing it to is what you would see if you just saw tweets from people who you follow. there are two timelines, the algorithm timeline, the for you tab, and the chronological timeline. kristen: i see. the serving it up to you thinking you might like it thing, that is algorithm that seems new and purposeful in the last few months? >> no, that's actually pretty much been there since they introduced algorithmic ranking in 2016. in fact, the algorithm is open source now. so if you look at the algorithm, it is pretty much a very standard recommendation algorithm. there's nothing super elon specific or even twitter specific to it. blaming it on elon from the real problem here which is the wa

>> i don't know if the elon musk constituency per se.nda sanchez is doing this on twitter because donald trump is not there. he's on another platform, he's got his own sort of social media platform. and he was on another cable network at a town hall. so, for rhonda sanchez, this is an opportunity for him to have a platform himself, at least for a short period of time, to be able to make this announcement. and there's still a lot of, you know, i think republican trumpists that are still on twitter. he will get some kind of an audience. but i think, to shermichael's point, ultimately, the voters may not really remember this, unless there's a big gap, and that could very well happen. maybe something goes wrong with social media. if it goes down, and he's done. maybe we'll remember it for ways that he didn't intend. but ultimately, as shermichael said, you've got to meet the voters where they are. and he probably should have done something very public, you know, like a town hall or like a big rally, to show a sign of strength, as we always s

elon musk has acknowledged he overpaid for 20 -- twitter.s market valuation fleetingly crossed the $1 trillion threshold after the ai prospects vaulted it into an elite club of five american companies. alphabet, amazon, apple, and microsoft are the only u.s. businesses have $1 trillion valuations. fewer than 10 companies globally have achieved that distinction. financial terms were not disclosed, sources tell us that gic is paying for less than 25% stake. messer is using it to gain full control of messer industries. we are a little bit over one hour away from the australian open. let's take a look at how futures are tracking. we are shaping up for a weaker opening. the futures right now -- we have new zealand trading at the moment flat. little change in the aussie dollar. that is been slowly grinding over the past month. at the top of our, the reserve bank of australia governor will front the senate legislation committee. you can watch that testimony here on bloomberg on the terminal. we have the yen in focus today. we will be hearing from t

elon musk does not pay rent, one member of the transition team told hawkins, the plaintive. member of the transition team put it more bluntly. they said elon told me he would only pay rent over his dead body. >> elon musk does not pay rent? why? >> 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

desantis, set to reveal his presidential run in a discussion with billionaire twitter ceo, elon musk,ive streamed on twitter spaces, the site's platform for audit chats, according to three sources familiar with the plans. musk first tweeted his support for desantis last year, and a source familiar with conversations between murveg and the governor's team tells nbc news that musk does not think republican front-runner former president trump can win, and believes desantis is the future. >> my preference, and i think the preference of most americans is really to have someone fairly normal in office. >> musk saying he won't be making any endorsements wednesday. >> i'm not at this time planning to endorse any particular candidate. but i am interested in, you know, sort of a public town square. >> the florida governor will instantly become mr. trump's top rifle. >> ron desanctis. anyone heard of that. >> the feud has been escalating. >> we can never allow warp speed to trump informed consent in this country ever again. >> reporter: now the sunshine state ground zero in a growing republican

people can do that. >> martha: good for elon musk. a lot of people will figure it out. >> it's interesting. and the in ceo of twitter, this is happening a week after it's announced that she's coming on board. it's a big deal. it will hopefully build on the momentum that elon musk had out of the david faber interview where he said he voted for joe biden. i didn't know that. i think that that is important in terms of -- >> martha: i think trump said that's a lie. i think he said that. but i want to get your thoughts on what he put up as well about the age issue. he said it is lick a big cloud. you can't avoid it. every time somebody asks this question, it's a big number. >> it is a big number. it's a big number on the donald trump side as well. i thought that hillary clinton did a good job of saying it's okay for you to be concerned about this. it would be silly for us to be telling you that you should have no concerns about someone that is 80 now going to be 82 and we should talk about it. joe biden should talk about it more instead of

here's what is ahead the fed is lacking, working from home selfish, and china invadin taiwan elon muskn't hold back in his interview. we'll debate all of those biggest moments investors are still talking about today. plus, the ramifications and we'll run through three debt ceiling scenarios. and mortgage demand drops as interest rates hit a two-month high could home price declines be next we'll tell you what you need to know if you're in the market to buy a home we begin with today's trading session. just one word for it, dom, wow >> wow is right. as for the comments i had off camera, kelly, we don't share them because they're not safe for work we have a nice rebound out of yesterday's down session it wasn't down by a whole heck of a lot but today it didn't rise by a lot either it's notable, because we have green across the screen and we're just about near session highs today. the dow, 33,401 the last trade there. 390 points to the upside, up north of 1%. similar percentage move for the s&p 500. still solidly now above 4100 4152 is the last trade there and just for your context here, u

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

we heard from elon musk last year that he was supportive of desantis' candidacy so this fits in withbudding relationship between these two gentlemen. but this is going to be a multi-day kind of rollout. this is one bite at the apple to make it official. then he'll have all his donors in place in miami, start dialing for dollars, get coverage of that. following memorial day he may give more of a traditional hometown kind of a speech in florida and then head out to early state travel for the first time as a presidential candidate. all of which will get serious coverage because in the polling he has proven to be the most serious contender to donald trump. >> devil's advocate for a moment here. twitter is a big space for a certain portion but not a giant portion of the population, right? from a news perspective, you cover the announcement, you don't cover six chapters or acts to the announcement, right? is it one that has the broadest reach for a presidential candidate in this day and age? >> well, again, he's going to get coverage, i think, at each stage of this, whether it's roadblock

thank you, have you had conversations with elon musk? bucks i have it. >> mr. did mr. musk placed any information question part of the general lady yelled for a second? >> as long as my time is not used text you try to get journals get their sources? it sure sounds like it too. >> if you let me finish. you had conversations with him, he said you were not going to agree who your sources were i'm not asking your source and ask if you had conversations with the owner of twitter. and to mr. musk placed any conditions on your use of the e-mails or documents? >> you know in fact i was told explicitly we were given a license to look at present-day twitter as well as past twitter. >> you had unfiltered access to twitter's internal communications and systems? >> yes brickwork to those in cute hr files? >> no, no, no we did not have access to personal information of any kind. in fact we signed a waiver. >> could you produce that waiver to members of anyone on this committee or any staff? have you? >> i haven't but i'll be happy too. >> have you given all the access to what you we

somebody who could really shore up those relationships with advertisers and really build -- complement elon muskd business. >> i remember feeling sort of not awe struck but envy when she interviewed elon we'd love to have him come in and sit down on "squawk box" and i don't know whether that's when they developed such rapport where this could happen. i'm sure it didn't hurt, right >> so about a month ago -- elon musk has been making these efforts to strengthen his relationship with the ad community, nbc universal and twitter have had this content advertising partnership. think back to all the times that the olympics are putting clips on twitter they have had this longstanding relationship which they had been working to continue and to strengthen so linda yaccarino did interview him about a month ago. they were one of the largest ad conglomerates earlier this woke. so they were together at this conference in napa certainly they would have interacted there so they were clearly in touch and we'll see as this plays out whether there's an announcement, whether we could hear something more today, elon

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