. >> james murdoch -- >> james murdoch. >> you think they knew about this >> no. i'm saying -- >> i wonder. because typically if you were actually thinking about doing something like this, you go to your board your board sets up a special committee and they immediately start a process not to mention they put out an 8 k. none of that happened here i don't know who the general counsellor is at tesla this is a side show from the main course of whether or not you can actually e mass the funds necessary to take the company private. i haven't talked to anybody who would be in the business of financing that thinks you can. but there are disclosure questions here, no doubt. >> how about the bonds bonds traded up. you have to make the bonds whole. and people believed it bonds were going down. i think the bonds are better judged than the stock. he rolls in 20%. you're taking an $80 billion deal, roughly. i think you throw in the debt in there already. >>ive -- i've seen 88. >> all right. >> okay. but the point is, you still need $60 something billion in equity or debt. unle

particularly for james murdoch? he was brought on late.cussion on "bloomberg surveillance," yesterday. do you expect board members to resign on this mr. musk does not get it going? david: it sends a very negative message. turning around on twitter, not the correct channel for this sort of thing, stating you are considering taking the company private, with unsecured funding. if you're sending out the rationalhat, this is a tional behavior you would expect from a creator type, which he is. but there is a lot of controversy around this company in recent months. mr. musk could look to take a different role in the company, more focusing on innovation, and looking to someone else for day-to-day management. he does like to be in control. francine: thank you so much. us, peter dixon of commerzbank and kamal sharma of merrill lynch. i don't know whether this goes to innovation, whether this company would be better off private. it is spearheading a movement in the industry, because of the hotspots between elon musk and analysts. >> if you look at ma

what do you presume james murdoch will do in the coming days? or does he say, see you. >> if he resigns come that would be pretty dramatic. resigns, that would be pretty dramatic. i think the times said they are desperately trying to get him to stop tweeting. they are trying to reduce their legal liability. i guess if they thought the situation was out of control and the legal liability was acceptable, a new member of the board like james murdoch might conceivably say i don't want to be part of this. tom: what do the lawyers and consultants to the board going to say to the board? >> you have such great questions. it is happening at such speed. many advisors and consultants don't know they are advisors and consultants at the time they are announced. i think they will say, could we have a meeting? that is the first thing they will say. this situation is unprecedented. i think we have to keep in mind, like i said at the beginning, if you buy shares of tesla coming you are buying into this kind of situation. it is all about one man's vision, and the

what should we look for next >> certainly the board members, also james murdoch of the murdoch familyhich is a interesting thing, i would keep an eye on him and i think i would guess that the extent this board has been low profile, they'll have to take more public leadership. i don't know this to be true but wouldn't be surprised if we eventually heard from them directly -- >> they have to assert their independence, right? >> exactly, in an effort to show they are running an organized process here, they understand the demands of being a public company and engaging in proper disclosure, it's interesting that elon doesn't appear to have been muzzled yet, right, based on for example -- >> last night. >> him telling us who the advisers were before that was officially revealed. so for the moment, he seems to have a good degree of ought tonmy. >> like president trump where all of the advisers -- >> he's taking a page from that, right? a very similar feeling. >> kate kelly, always good to have you here. >> thank you. >> of the "new york times." >> we'll look at the big movers on this tuesday

francine: if james murdoch it's your law form -- law firm and a passion into you, what would you telloard of directors of tesla? i would tell him that i think they need to get on board with a public disclosure that is in a recognized distribution .hannel they need to fully explain the facts and circumstances around this tweet. whether or not it's true or if there is money secured. whether or not there has been board approval of this. whether or not a tender or offer was made. , under thehe rules exchange act rule, you can't make -- you can't say you are going to make a tender offer if you don't do it. the company needs to come out and in the chaos and confusion and let us know what's going on the tesla. when you do disclose something, not only does it have to be true, you have a duty to update it. we need these tweets to be updated to make them accurate. francine: thank you so much. let's get straight to the bloomberg first world news with sebastian. closeran: turkey moving to a full-blown financial meltdown. the lira resumed its record fall against the dollar and is headed for its wo

james wilby won silver in the men's 200m breaststroke — his second silver of these championships. gold went to russia's anton chupkov. ross murdochut on bronze. alice thomas took bronze in the 200 metres butterfly. bit disappointing for her as she did win the commonwealth title in this event earlier this year. she was slower this time round, but afterwards said she made the games on the gold coast her priority for the season. well, there's plenty more still to come in glasgow with diving starting today, and golf, triathlon and bmx racing all still to come but much of the focus will now turn to the german capital of berlin. the athletics takes place here because berlin had already been scheduled to take place here before the european championships became a multi—sport event. the olympic stadium in the city staged the olympics back in 1936 and then was renovated in time for the world cup final in 2006. britain will be hoping for some notable track and field medals here. but the team has been dealt a blow today with the news captain dai greene won't be able to race because of injury. our reporter ade adedoyin, who's in berlin, can t

the medals in the pool didn't stop there, with james wilby claiming a second silver of the championships in the men's 200m breastroke. ross murdochropean omnium title she was beaten by dutch world champion, kirsten vild, despite winning the elimination race, the third of the four omnium events. that brings archibald's medal tally to three, after claiming gold in the team pursuit and silver in the individual pursuit earlier in the championships. it was a bit of a non—race because gold was unachievable and silver was already done so it was kind of this horrible, i can't go there, there is nothing to defend here, what am i doing? so, yeah, a bit dejected. britain's ethan hayter and ollie wood won a dramatic bronze in the madison. the pair took the final sprint of the 200 lap race, worth double points to move themselves onto the podium. it's hayter‘s third medal of the championships adding to his gold in the omnium over the weekend. we could have a breakfast go at that, flinging each other along like that. we've already done that. around four years ago. you didn't watch? it was before my time as well. didn't you know that? every morn