this is lincoln financial.s richest man buying one of the biggest social media platforms, elon musk purchasing twitter for $44 billion to cut costs, grow the business and foster free-speech. it is barron's cover story. alex, twitter, hugely influential, enormous platform but only makes half the revenue per user of facebook, no one has figured out how to monetize it. elon musk fixes it? >> the best news is twitter has needed to be fixed for years. it is not a high bar. and not a lot of opportunities for musk to fix the platform, won't even know financially what happens. he has a long leash here. he will cut the company's r&d, $2 billion a year to play with. one thing we know he doesn't need is a pr shot. he's basically a 1-man publicity machine. jack: he talks about free-speech but it takes more than that. alex:we really don't have a 10 point plan. free-speech is a good talking point for musk but also puzzling. he says free-speech is what matters the law but we know free-speech doesn't even apply to private comp

this is lincoln financial.r me, one of the best things about life is that we keep moving forward. we discover exciting new technologies. redefine who we are and how we want to lead our lives. basically, choose what we want our future to look like. so what's yours going to be? andrea: you see things as a parent-- what your expectations are for your kid growing up, the milestones going to school, graduating and getting married, having kids. and cancer was never one of those milestones in my head. st. jude has given us hope, love, a home away from home. and it feels like home. you're more than just a patient or just another family here at st. jude. allergies don't have to be scary. spraying flonase daily stops your body from overreacting to allergens all season long. psst! psst! flonase all good. spirit walk about a grade of the big show the works for next week and premix returned to wall street every friday at 7:00 p.m. eastern. as we look ahead to the week ahead. plus this weekend i'll see you on fox news for su

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this is lincoln financial. okay season 6! aw... this'll take forev—or not.o i just focus on when things don't work, and not appreciate when they do? [dog groans] so whatever is at work to pull all this off, it's working. as are those earrings. ♪ ♪ even work works! i just booked this parking spot... this desk... and this conference room! i am filing status reports on an app that i made! i'm not even a coder! and it works!... i like your bag! [people cheer at concert] real-time ticket upgrade! meaning....i get to meet my childhood idol. that works. i named my dog joey fatone. co2 levels-- if i may! all this technology is helping the world work, so you can focus on making the world work better! so i say...lets work! ...or i think that's what we're both saying. when your digital solutions work, the world works. that's why the world works with servicenow. hey! whats good your highness?! >>> a busy day ahead for investors. at 8:30 a.m., a double whammy of economic data and the first look at the first quarter gdp tech earnings roll on with apple, amazon and intel.

this is lincoln financial. mobile runs on america's most reliable 5g network, but for up to half the price of verizon so you have more money for more stuff. this phone? fewer groceries. this phone? more groceries! this phone? fewer concert tickets. this phone? more concert tickets. and not just for my shows. switch to xfinity mobile for half the price of verizon. new and existing customers get amazing value with our everyday pricing. switch today. >>> good morning amazon and apple are both lower. apple after warning of supply constraints and china effects and amazon posting the slowest revenue growth since the dot-com bust a loss you say ev details straight ahead. >>> new filings show elon musk sold $4 billion in tesla shares. we will tell you what he tweeted as the sale became public. >>> it is called woodstock for capitalists. we take you live to the berkshire hathaway meeting where warren buffett is set to hold court. it is friday, april 29th, 2022 monday is may. "squawk box" begins right now.

this is lincoln financial. >>> and while there was confusion, it was certainly better than expected fordcast, despite supply chain disruption ares and rampant inflation, company's really doing well and indicated the semiconductor shortage might ease up in the second half ford announced the full product launch for the electric version of the most popular pick up truck and the line is long to get one. that's the long-term story and we we own this big for are the travel trust let's take a closer look at jim farley the straight-shooting ceo. hear more about why he's optimistic for the rest of the year welcome back >> hey, jim, how you doing >> i'm look athyour numbers and not only do i like the better than expected, i like the cadence. looks like things started out slower but by march and hopefully april, things have taken off. >> yeah. for sure boy, do we are have a lot of demand for our product everyone is saying that because they're sold out but we put a lot of pricing in the market and it stuck >> can we try to figure out where exactly the strength is? we have this internal combustible e

this is lincoln financial. it was not just tech stock consumer discretionary spending also getting walloped. down more than 20% from its most recent high, so technically you would say in a bear market a lot of concerns about construction and the consumer spending swoon some of the biggest droppers in the space, you've got names like penn national gaming, wynn resorts, under armour, and etsy. they're down now, but they were big on the most recent highs a lot of concerns about travel and spending coming up in the second half. right now everyone is enjoying it what happens late oren in the year is the big worry. >>> all right, there's a huge piece of news getting lost in all the stockmarket headlines, one that may be contributing to the recent volatility, and that is that russia has cut off natural gas supplies to poland and bulgaria they did that yesterday. they say unfriendly nations pay for russian gas in rubles. they won't do it they say gas will be halted until those payments are machltd bulgaria says it's al

this is lincoln financial. (vo) verizon is going ultra! the offer you just can't miss. for a limited time, get a 5g phone on us! (mom) delightful. (vo) with no trade-in required. (dad) i love it. (vo) what's not to love! verizon is going ultra, so you can get more. >>> welcome or welcome back. jeff bezos weighing in on the elon musk deal to buy twitter. bezos tweeting suggesting that china may gain influence over twitter once the deal is done. did the chinese government gain leverage over the town square? bezos appearing to hint it ties the business to tesla in china >>> 40% of american small businesses plan to raise prices by 10% going forward that according to a survey for the national federation of independent businesses >>> apple has hired an anti-union law firm as part of the growing fight with the retail workers in atlanta. they filed for the union election the law firm is known for high-profile clients like starbucks and mcdonald's and ni nissan >>> time now for the rbi once again, let us stay focused on stocks and money. with the m

this is lincoln financial. ♪ ♪ i came, i saw, i conquered. (all): hail, caesar! pssst caesar!e, you should really check in with your team on ringcentral. i was thinking like... oh hi, caesar. we were just talking about you. ha ha ha. yeah, you should probably get out of here. not good. ♪ ♪ ♪ ringcentral ♪ >>> it is time and then the lightning round is over are you ready? al in pennsylvania al >> hey flr. buy, wait, or avoid? >> which stock floor? no under no circumstance you cannot buy a stock of a construction company in this environment. nick in new jersey >> boo-yah, jim. nick from jersey city. how are you? >> long day, nick. i'm okay how about you? >> excellent glad to hear it. i'm dying to sink my teeth into a high dividend company. is all plains all american the right one? >> i'd rather do enterprise partners, but plains is making a comeback tim in illinois. tim. >> yeah, transocean limited. >> 4 bucks, you know, look, they can only -- stocks stop at zero. offshore drilling according to schlumberger is making a comeback anthony? >> boo-yah mr. cramer, my question is tilr

this is lincoln financial. ♪ ♪ we believe there's an innovator in all of us. ♪ that's why we build technologyd every person... to come to the table and do more incredible things. (vo) for me, one of the best things about life is that we keep moving forward. and every person... we discover exciting new technologies. redefine who we are and how we want to lead our lives. basically, choose what we want our future to look like. so what's yours going to be? asya agulnik md: st. jude was founded with an understanding that no child should die in the dawn of life. to work with many partners all over the world, nothing stops in the way of us achieving that mission, not even war. marta salek md: when there is a need, people stand up and do what is right and ensure that they restart medical therapy as quickly as possible. carlos rodriguez-galindo md: any child suffering today of cancer is our responsibility. stuff. we love stuff. and there's some really great stuff out there. but i doubt that any of us will look back on our lives and think, "i wish i'd bought an even thinner tv, found a lighter light be

this is lincoln financial. >>> welcome back to "the exchange."the highs a short time ago, we're there right now, the dow up almost 595. that's the session high. the nasdaq the strongest of 2.7% as the indices try to undo some of the damage from earlier this week teladoc trading near its 52-week low. the shares are down. one expressing significant uncertainty to the outlook align technology trading at lows we haven't seen since 2020 the makers of inadvice line cite omicron head winds lead to staffing shortages revenue climbed 58%. peabody signed deals to sell c coal at $84. shares down 7% today despite being able to hike prices, business in china, concerns over future demand due to lockdowns cat only down 2.5% today a 20-year high for the dollar index as it rallies big against the japanese yen and the chinese yuan and the euro is not immune from weakness. seema mody with the moves and the reasons behind them. >>> yeah, the rest of the world, japan is holding out saying it's not strong enough, here is why it matters the japanese yen at a key level

this is lincoln financial. (all): all hail, caesar! pssst julius! check in with your team on ringcentral. oh hi caesar. we were just talking about you. yeah, you should probably get out of here. ♪ ringcentral ♪ charles: there are lots of great financial and stock market voices on twitter, one of the very best goes by the handle, @dollars and data. nick also has a blog of dollars and data. he is also the chief operating officer at ritz wealth management. while he has written a book, a new book, just keep buying. he joins me now. nick, first and foremost, congratulations on the book. people i know love it and raving about it. what about the book makes it the right time? >> thanks for having me on, charles. there has never been a better time for retail investor in the united states. free trading on platforms and fractional ownership, just keep buying is more relevant than it has ever been. back a few decades $8 a trade. if we keep buying then it would be expensive and very quickly. today that is no longer true. charles: when i became a broker, 2 or 300

this is lincoln financial.e to the show, former cabinet secretary bill mcginley, sir. thanks for joining us. we have got gop lawmakers like darrell issa, really digging into the documents to tee up an investigation into hunter biden's overseas business dealings. what is your take on all of this. >> i think these documents on the computer, all the electronic data they have there from the emails to the text messages to the photographs and other calendars, this is giving them a clear road map what they need to look at when they take control in january. let's also remember that we've had recent disclosures that the white house visitor logs are showing that hunter biden associates meeting with then vice president's staff, the question what was discussed at those meetings in addition to all the air force two trips, that hunter biden took with his father overseas, that the allegations are this was nothing but business development for hunter. this is going a lot of different directions. none of it is good for the white

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this is lincoln financial. you're a one-man stitchwork master. your staffing plan needs to go up a size. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire (all): all hail, caesar! pssst julius! you should really check in with your team on ringcentral. oh hi caesar. we were just talking about you. yeah, you should probably get out of here. ♪ ringcentral ♪ charles: well this has been a tidal wave of economic data over the last 24 hours and i've got to be honest its got my head spinning and as you can see this market dipping. now we know inflation is taking a toll but when it does, when does the pain end, right? that's what we really want to know and i mean for everyone, for consumers and for businesses i want to bring in lili gil vall etta and brian b renberg. first we learned that the economy contracted in the first quarter and then we saw consumer income and spending come in better-than-expected, but we also saw savings go down yet again,

this is lincoln financial.overy of clean, green nickel at its flagship property in central british columbia is paving the way for low-cost, low-carbon nickel production for the booming electric vehicle market. fpx nickel. liz: 24 hours since twitter's board accepted elon musk's bid to buy the company for $44 billion or $54.20 a share. look at twitter $49.90 down, 3.5%. kinda blowing out yesterday's 5.7% gain. that may have less to do with the market selloff and more to do with the rating moody's in the last two hours since its putting twitters ba.2 rating under review for possible downgrade, the review is based on whether the funded debt portion of the deal will result in material weakening of twitter's credit metrics. no way around it. the broader picture, make a cap getting hammered looking at the worst monthly selloff in years. in less than half an hour quarterly reports from microsoft and alphabet, tomorrow were getting it from meta, facebook spirit and of course thursday, amazon, apple and analysts expect

this is lincoln financial. >>> and a programming note, this saturday, a cnbc.com exclusive berkshire shareholder meeting back in person in omaha. what warren buffett and charlie munger will be taking the stage. and if you're a shareholder, you're rich. no if you're a shareholder, you still have time to submit your questions. and be sure to tune in live at cnbc.com/buffett now this saturday to watch the annual meeting itself, the day's events kick off at 9:45 eastern. >>> still to come, ford reporting first-quarter reports. we're going to dig through those numbers with the cfo >>> and we're expect being the latest read on jobless claims. dow up 282 points. s&p up about 65 points one on us! (mom) delightful. (vo) with no trade-in required. (dad) i love it. (vo) what's not to love! verizon is going ultra, so you can get more. this is hannah, she's a posh virtual receptionist (vo) what's not to love! at the ready 24-7 to answer your calls and assist your clients. you can't be in two places at once. let posh answer. posh virtual receptionists. >>> ford's first quarter results were in line

this is lincoln financial. >> lift off, go falcon, god's be speed crew 4.y this one a, four astronauts on their way to the international space station. that was impressive, another musk launch. lauren: isn't it amazing? the seventh space x elon musk launch in two years time, this one is historic because four astronauts, one of the more black woman are en route to the international space station and will talk at 8:00 tonight and conduct experiments, research investigations that will help nasa prepare for longer duration stays on the moon and assess is eventually mars. the cost is extensive, $55 million per astronaut. it is 85 million for the russians. really cool thing billionaire is doing with rockets and space and social media. stuart: i don't resent it. these guys made that money, they employ millions of people, give them high paid high benefit jobs and now they are expanding into other areas and other industries. lauren: they think outside the box. stuart: the left are just jealous. i want yours. we are going to take a look, general motors doubling down

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with christian ministers who want money for their ministries and they go to lincoln seeing if he can support them either financially or by giving them passes to travel through the lines to be able to go into the south and so that they can minister to former slaves some of them have to do with black recruitment. whether it's soldier, it's men in the north who want to fight or men in the north who want to be recruiters for black. soldiers and then after black men joined the union army some people go to the white house to push lincoln to make sure that black soldiers get equality and on that point another chapter focuses on three delegations of african-americans who travel from the south to push lincoln to support black suffrage and so one of the things that you can see, is that the themes kind of change over time as new issues arise in the war. there's different themes that i i was able to focus chapters on yeah, i i noticed that and i found it very i found it very intriguing in that there are different reasons why people visit with him and so it's going to be for different reasons. starting with okay you spent a lot

has said the country rejects lincoln's quote. deplorable statement also emphasized the importance of maintaining peace and stability in the taiwan strait. chinese financial analyst frances learn believes washington's plans for taiwan are simply about to touring beijing us. we couldn't kill you to fly to the taiwan to try to try and i'm in based on taking over my lawn that you see the policy you have be applied to taiwan for that case is going to be selling more, but still not be selling the most advantage rep and what everybody want to see is the sale. make this quote, nothing changes. i think that would be the best for everybody that you and said, trying to economy a so much so in, in the china where the us, us, china, so they, they have to talk to each other africa said to lose out on an unprecedented $11000000000.00 worth of food supplies, as grain exports have been disrupted, mid the conflict in ukraine with wheat prices skyrocket. already the price of wheat has gone up about 60 percent. mays and other grains will also be affected. there may be a fertilizer crisis, as there would be about a 2000000 metric ton deficit. and that will affect food produc

lincoln project ad on toyota. >> toyota's number one at finding ways to financially reward the very party that took our nation toce a moment that violently sought to take votes away from american customers. not to mention toyota's own employees. >> what are you trying to achieve here with that some what tongue in cheek yet also serious point? >> we used to visual tropes and motives of a real car ad, but we made it clear toyota has decided they're going put their customers, including -- let's get back to one of the thins those people voted for on 1/6. they wanted to invalidate the votes of hundreds of thousands of african american voters in georgia and pennsylvania and ohio in particular. they were trying to disenfranchise their customers. they were trying to disenfranchise america more broadly, and so toyota has decided they're going to be investors in this. they're going to join the sedition caucus. as you note about desantis, they're going to be funding the movement that essentially replaces american free market capitalism with, you know, cuban style authoritarianism, or soviet style authoritarianism where win

lincoln's quote deplorable statement. he also emphasized the importance of maintaining peace and stability in the taiwan strait. chinese financial analyst, frances loon believes washington's plans for taiwan are simply about deterring beijing. us continue to fly to taiwan to try to try and i'm taking over my lawn. that is, that the policy, you know, can be applied to taiwan for that case is going to be selling more, but still not be selling the most advantage rep and what everybody want to see if they will make this quote, nothing changes. i think that would be the best for everybody that you and said, trying to economy a so much so in, in the china where the us, us, china, so they, they have to talk to each other. russia has slammed as a provocation, ukraine's promise to occupy the neighboring breakaway republic of trans. mr. if mulled over request and key of earlier accused moscow of the stabilizing the situation. their transmitter is a breakaway region of mult, over where russian peacekeeping forces have been station since 990 s. it also has a long border with ukraine. the security situation in the area has deteriorated in re

lincoln thought he would be the best choice. i found a comment he made after the day he nominated chase, and he said the two things chase will do is defend his own financial system and defend the rights of the former slaves. those are the most important issues the court will face and he will be right on those issues. there was also a certain amount of political pressure. there's a wonderful letter quoted in the book, a lot of the senators basically came to lincoln and said, look, if you nominate anybody other than chase, that nomination is going down in flames. i think it's dana who writes to a friend saying lincoln nurses a grudge as well as any other christian, but the pressure to nominate chase became so intense that he felt he had no choice. >> well, i mean, if he could take patsy with stanton, he could certainly do it with chase. quickly i want to get to the point of treasury because that's an important part of his life. what was his position on callenization, and we don't know where he did speak but we know he had that invitation. he comes much earlier to the lincoln to view that colonization. during the civil war when lincoln is still thinking abou

and that they were britain and financial accountant on the verge of supporting the confederacy in part because their economic interests were so entangled in it, but lincoln recognized that he made the war specifically and declaratively about slavery that britain and france which had in the decades prior recently immense or abolish slavery in their countries and said that we are we are like abolitionists nations that they would not then support an institution or like a territory that was fighting a war predicated on maintaining and expanding the institution of slavery. so part of it was to keep britain and france out of the war which would have significantly changed the trajectory of the war part of it was a recognition at the way that the country was moving the way the politics were moving the way the war was moving. it's just wasn't feasible to allow slavery to continue to exist. even if when you if and when the south were was let back in and also as you said it didn't apply to states in the north. it was a military document. so it only applied to the confederate states. it didn't apply to the border states. so there were four states where people were m

financial district around fisherman's wharf and the south of market. they want to eliminate pedestrian deaths in san francisco. this project would cost about $6 million over three years. officials at lincolnof a teenage gorilla. zoo caregiver say visitors would press their cell phones up to the guerrillas, glass enclosure and 16 year old tamar would seem transfixed by the images. they noticed that he was spending more time looking at cellphones , then engaging with his companions. it's very important in these bachelor groups that they spend a lot of time learning to be a gorilla. these are sort of teenage boys going up together with these other teenage boys, and they're slowly learning the rules of gorilla society and learning to sort of become adults. the zoo put up a sign prohibiting visitors from showing their cell phones to omar to help him control his addiction. maybe we could learn something. maybe we could don't know. alright time is 6 19. we can learn about the morning bay area traffic from james torres. you say things are starting to get a little better in some places a little bit better, a little bit better. thankfully, we don't have gorillas driving cars, so they're not going t