predates musk's offer.t starts with the current twitter ceo and basically what they seem to demonstrate is how that relationship deteriorated quite quickly and elon musk basically said, i'm going to put a deal and to put a deal into take twitter private. max: one thing you learn is that elon musk is targeting a lot of people and having direct relationships with many people in all different domains, politics, all these billionaires, and he's detecting away with twitter ceo. and he's kind of working things out as he goes. and with the text with twitter ceo, you see what seems like pretty diligent efforts to work with him and then the deterioration of the relationship have been almost immediately. we saw a play out by way on twitter when elon musk famously tweeted a poop emoji at the ceo of twitter. it's pretty interesting to see this in black-and-white. ed: we learned the background of how elon musk went out to raise capital, outside equity financing for this deal, and in exchange with larry ellison he said y

dorsey wanted musk on twitter's board, but the board members didn't dorsey texted musk on march 26th saying the board is super risk adverse and saw adding you as more risk. also on that day, dorsey texted twitter started as a protocol, it should have never been a company. that was the original sin. the musk responded, i'd like to help if i'm able to. a little over a week later, musk announced plans to join twitter's board and then he pivoted to buy the company after musk tweeted publicly asking if twitter was dying, it was texted it's my responsibility to tell you that it's not helping me make twitter better in the current context. next time we speak i would like to provide perspective on the level of internal distraction right now. musk said he would not join the board texting this is a waste of time and he intended to take twitter private. another key text on april 9th, purging fake users will make numbers look terrible, so restructuring should be done as a private company now, by april 14th, musk made his offer for $54.20 per share to take twitter private. so we're going to have t

so where did elon musk draw the line?he answer of how many bots are there on the platform. it is not clear what elon musk�*s team did, right. so to me they can choose any threshold they want. twitter�*s bot claims are also at the very least questionable. this is clayton davis, one of the researchers who created botometer. twitter has slightly conflicting boundaries, on one hand they care about credibility but they also care about having high user numbers. that charge was backed up by twitter whistle—blower and former head of security, peter zatko, who claimed that twitter executives are financially incentivised to count bots as people. this all comes down to how twitter actually counts its bots and it is way less techy than you might imagine. their chief executive parag agrawal described in a tweet how they do this: "our estimate is based on multiple human reviews". elon musk says that is totally unscientific. and yet the creator and maintainer of botometer, the tool that elon musk is using thinks that twitter�*s methodol

but twitter and elon musk _ is a human. but twitter and elon musk are _ is a human.mply cannot agree how many bots twitter has and that is the fundamental problem — perhaps no—one can. that is james. i have been at the ambit friend festival to find out how tiktok is giving comedians the chance to spread theirfunnies further. i comedians the chance to spread their funnies further. i wanted to get the opinion of a more traditional stand—up comic. tt is such a dream to be on click, i love the show.— is such a dream to be on click, i love the show. when he is not devouring _ i love the show. when he is not devouring past _ i love the show. when he is not devouring past episodes - i love the show. when he is not devouring past episodes of i i love the show. when he is not devouring past episodes of his. devouring past episodes of his favourite tech programme, phil wang is one of several huge comedians whose gigs have been filmed for streaming services. in fact he also kick—started his career using online video. my his career using online video. my first solo show in 2013,

but by july, musk had called it off. twitter tried to force the sale.hich could see it sold for $ $44 billion. >> elon musk apparently believes that he, like every other party subject to the lower contract law is free to change his mind and trash the company, disrupt its operations, destroy stakeholder value and walk away. reporter: elon musk is contra serene, claiming that twitter misrepresented the number of bouts in a bid to distort its value and drive up the price he would be willing to pay for it. the twitter versus elon musk trial ischeduled for october in delaware, where twitter is incorporat, and it could last up to five days. kate: one of the people that could testify on elon musk's behalf is a former executive turned whistleblower who was speaking to u.s. lawmakers today. elon musk's lawyers will include allegations by peters atco, a hacker who worked as twitter's head of security until he was fired several months of her. he has been attending a senate hearing in which it was revealed at least one chinese agent was working at twitter. he said

what it means for musk's attempt to get out of the deal. my one-on-one with melinda gates from the gates foundation that shows the world is not doing so great. also the changing philanthropic landscape and how she is taking action post roe. her relationship with bill. all of that in a moment. let's get a look at markets with stocks plunging. especially tech. ed ludlow is joining us now. ed, what happened? ed: for focus on the consumer price index and inflation print which came in hotter than it was expected. we built up anticipation that inflation would be cooling off and it did not. the full focus on the fed meeting next week. look at the nasdaq, the s&p 500 the main gauge of u.s. equity , the s&p 500, the biggest drop since june 2020, the nasdaq with the biggest drop since march 16, 2020. you and i remember that day in the context of the pandemic era. there was a push higher in yields, bitcoin was caught up in this broader risk off sentiment. dropping 10%. back down to 20,000 u.s. dollars. we are really reconsidering where we stand with t

does elon musk end up having to buy twitter?t to buy twitter without serious ramifications and a long bout of litigation the courts may move quickly to have specific performance to go ahead with the transaction then what happens to the company with a reluctant leader? not the best scenario. >> not the best. laura unger, thank you very much we appreciate your thoughts. >>> coming up, your morning rbi. with a dip in inflation figures, it may mean little relief to the home heating and electric bills. >>> and some of the top trending stories as we go to break. elon musk's college girlfriend is auctioning off items to pay for her stepson's college tuition. a never before seen birthday card bids have crossed $10,000 for the birthday card. yes. >>> two ticket stubs from michael jordan's game from 1984. they have an estimated value of $200,000 to $300,000. >>> and flying for the holidays? air fare is expected to be the most expensive in five years as pandemic fears subside average fares stand at $350 a piece. a 22% increase from 2019, p

elon musk said he was going to buy twitter with no diligence. that is on elon musk.hy are these additional claims relevant? >> the whistleblower raised issues about lax computer security and privacy concerns. if twitter did not disclose those things to mr. musk as part of the deal, even though he didn't do due diligence, they still have legal duties to disclose things like that, representations and warranties. if the judge finds they should have disclosed those things but didn't, it could sink the deal. emily: lots going on here. we appreciate you here to give us the play-by-play. jeff ely in delaware, very busy guy for us. thank you. two of the world's most influential ship companies in the midst of their legal battle. -- is suing qualcomm for trademark infringements after qualcomm bought a new video which uses licenses that can't be transferred without permission. armor created much of the underlying technology for mobile networks. coming up, why not even joe rogan may be able to save mark zuckerberg's metaverse. this is bloomberg. ♪ >> you won't be able to have th

about twitter before musk's $44 billion takeover deal. it's revealing more and more that jack dorsey didn't like what was going on behind the scenes of twitter. he said it was completely stupid and backwards. >> amazing; right. it's fascinating to watch the two billionaires go back and forth and watch jack dorsey trash his own board of directors at the time and endorsing musk and his bid to take over twitter. liz, this has never been a well run company and tech companies and it is vastly underperformed from a stock value perspective and the whole issue that we've talked about on this show where musk has alleged and conservatives alleged and anybody staying sober allege that had twitter is actively jumping into the political game by being activists. we saw how they acted right before the 2020 election when they censored accounts, suppressed information regarding the hunter biden laptop story and censored the new york post report that turned out to be 100% correct and twitter to this point has been the democrats ultimate super pack along wi

musk has put all of his ships in terms of defense arguments. emily: clearly, both parties will be watching this testimony with bated breath. any word from twitter about the latest, how this potentially changes their plans? >> they basically came up and said we do not buy the argument that the separation agreement is a viable excuse. i know the twitter camp will also be watching this closely. as will shareholders potentially making their voices heard in shareholder votes tomorrow. i would think if things go farther down the line, privacy concerns, there is interest in data security unrelated to the acquisition. that would be another thing to add to the list of twitter ceo's big ticket items to care about. twitter has not been brought in as often as larger social media peers. internally, you could argue there is a lot of distractions at the company right now and if they get traction in terms of legislators arguing data privacy should be more important, i would add that to the list of ancillary concerns outside of operating the business. emily: al

the upside for mucks ing is the chance -- musk is the chancellor allowed musk to include the whistle claim in the counter claim. let's get to gerri nadler in the news room. >> good evening, liz. after three and a half hours of arguments, you said it, the delaware court ruled the trial will take place as scheduled on october 17 out of fear that pushing it four weeks would harm twitter and ruled musk can add the whistle blower allegations. the allegations in question are from twitter's former head of security, peter zakco who was fired earlier this year saying twitter had egregious security issues and twitter undercounted the number of body counts on the platform and of course musk made a similar case in his attempt to drop the $44 billion twitter takeover deal and the court will allow musk and twitter to negotiated on targeted document discovery and the two sides traded barbs in the courtroom yesterday with twitter claiming musk wanted out of the deal over fears of a world war of russia's invasion of ukraine and then musk's team said trying to get discovery information from the tech c

. >> also happening, the latest twist in the elon musk battle with twitter. attorneys for the san francisco-based social media giant are deposing musk as part of their ongoing legal battle. twitter trying to force musk to live up to his $44 billion deal to buy the company. musk has tried to back away. this case is playing out in delaware where twitter is incorporated. the deposition may continue through the middle of the week, all of it behind closed doors. a trial to either force musk to buy twitter or allow him to drop the deal is set to begin next month. >>> developing now, ian is now moving at hurricane strength through the caribbean. this morning it passed near the cayman islands as a category 1 storm. you can see the impact the storm is having. now it's moving toward cuba. the storm is also on a path toward florida and it's expected to strengthen as it moves across the gulf of mexico. nbc's sam brock is in tampa. >> reporter: it's been an active morning in tampa, one of the 67 counties or every county in the state of florida currently under a state of e

liberal left attacks elon musk for being a moderate.in major looting slamming businesses in democrat-run cities but the mayor of chicago attacks mcdonald's ceo for calling out chicago's crime wave. a dire cop shortage has murder capital new orleans trying to hire regular taxpayers to do police work. i'm elizabeth macdonald. "the evening edit" starts right now. ♪. elizabeth: welcome to the show. thanks for joining us. another brutal day for stocks. investors fear federal reserve rate hikes will tip the u.s. deeper into recession. the 10-year yield hits 3.9% for the first time since 2010. now investors have lost more than $7.7 trillion under president biden. the federal reserve see as significant slowdown of just 0.2% growth this year but this good news. u.s. manufacturers did regain jobs lost in the pandemic shutdowns 1.43 million jobs right now, manufacturing, that is net gain of about 67,000 jobs. now lauren simonetti has more on your money what happened with the stock market today. lauren. reporter: liz, early comeback failed to hold.

musk seems to be doing it after. >> cart after horse. jon? >> yeah, nilay, this is the problem, right, this is back six years ago. that iger looked at this, and saw that they were a bunch of bots which, by the way, elon musk knew already because he was arguing about how he was going to be the one to solve the bot problem at twitter so is this really helpful at all? i mean, what, elon couldn't have called up bob iger and said yeah, did you see a bunch of bots when you looked in there six years ago? and elon himself from the beginning was saying there's a bunch of bots yet he still waived due diligence, does that make any sense >> it doesn't to me, you know what alex pointed out to me after the question and we were talking, iger looked at twitter before twit erroled out monetizable active daily users his bot notification was unrelated to the current stakes of this trial where elon is saying the number is false and they're defrauding people. that wasn't relevant at the time they hadn't rolled out that number yet i'm not sure what is going to hap

musk tad the whistleblower allegations to his counterclaim. the $7 million payment may be contractual. we don't know if this was per a severance agreement with mr. zatko. i wouldn't automatically recoil at the $7 million number. we need to find out what that is about. i doubt we will learn that tomorrow. emily: how are you expecting this testimony from zatko tomorrow to be folded into the case that of course was building up to this trial coming up in mid october? >>'s testimony tomorrow about the national security staff and potential spies within twitter's employee group are the things the senators will be focusing on. the folks we are concerned about our -- is going to be his allegation about spam and robot accounts invented within the customer base. and twitter, his colleague's lack of interest in finding that out. that is the key question in the trial coming up, because that is where mr. musk has put all of his ships in terms of defense arguments. emily: clearly, both parties will be watching this testimony with bated breath. any word from

musk locked in an escalating legal battle with twitter after trying to pull out of the deal musk claims spam and fake accounts on the platform but twitter's spokesperson says the company properly disclosed that information to musk and to investigators. the deposition won't be public and still unclear whether he will appear in person or by video. as for the trial, that's set to start next month in delaware and skedz yuled to last just five days cnbc's technology correspondent steve is with us what's with the last minute change >> reporter: it's a little confusing right now, but it was due to personal reasons. the twitter ceo was also supposed to do his deposition with musk's side of the lawyers, as well, so none of that happened today, but this is really setting the stage, shep, for that trial, this is where they can underoath depose musk and for the first time, really get him to tell the truth about his claims >> but you wonder what twitter's lawyers think they're going to get out of him he has a combative streak. >> reporter: yes, this might surprise you, but this is not his first laws

musk and the twitter board are engaged in serious settlement talks.opes may be misplaced at this moment. it is not to say that there will not be serious settlement talks between now and when the trial and delaware commences on october 17th, but it doesn't appear to be the case right now. the story that was reported by bloomberg fully accurate and interesting in and of itself which is that mr. ari emanuel, the ceo of endeavor, the super agent, also close friend with both elon musk and egon durbin, a board member of twitter and founder of silver lake and one of the major investors in endeavor, mr. emanuel being close to both of them tried to encourage them initially at his wedding some months ago, you know, to come sort of a settlement, to talk, to avoid court and try to figure out if there was a way that avoid endless litigation i am told as well that mr. emanuel followed up with mr. durbin, but, still, a number of months ago perhaps or a couple of months ago saying you really should give this a shot it doesn't appear that he was pushed to do this by m

the twitter handle elon musk, changed to noddyusmaximus.er given what you know? >> it depends on the price. >> fair enough. >> the twitter stock price started day moving lower but turned around during the hearing leading up to the shareholder, one of the few stocks on a down day, still below the $54 plus musk offered in april to buy the company and elon musk and twitter have a court date to fight things over this acquisition set for october and that is where the saga will turn. there is more cavuto coast-to-coast coming up after a quick break. there's a differ hiv. it's every-other-month, injectable cabenuva. for adults who are undetectable, cabenuva is the only complete hiv treatment you can get every other month. cabenuva helps keep me undetectable. it's two injections, given by a healthcare provider every other month. it's one less thing to think about while traveling. hiv pills aren't on my mind. a quick change in my plans is no big deal. don't receive cabenuva if you're allergic to its ingredients or taking certain medicines, which may

we will see elon musk today, frank. tesla holds the ai day >> it seems like elon musk finds a way to keep himself in the news bertha, thank you. >>> uk prime minister liz truss is expected to hold an emergency meeting with the head of the monetary watch dog today after failing to calm the panic over the future of the country's economy. earlier this week, the bank of england announced plans to start suspending the gilt and start buying long bonds in an effort to calm the turmoil amid the budget let's talk about this for the future of uk and global economy with martin weale. a former member of the bank of england monetary policy. good morning, martin >> hello >> first, over in england, they are raising rates now and buying long bonds now is the uk behind the curve >> i don't think the uk is behind the curve i think what happened was the chaos generated in bond markets in particular as a result of the budget last week and the mini budget last week and that meant that pension funds were facing liquidity problems and the ban

that will be a huge focus for musk's team on this, saying that twitter was not being honest with muskore they sold the company to him, while twitter is going to say that you had a chance to do all the due diligence you want, where an open book, you said that he would i the company. by it. >> steve kovach, thank you so much. >>> a cnbc news investigation, uber drivers that are used as unfitting drug mules. hear from the drivers themselves, and coer ancnsbout the lack of screening with the package delivery service uber connect. >>> investigating what happened to an innocent three-year-old boy, why a relative would have allegedly pushed him into lake michigan, and the new charges that are now being considered. ...replaced the windshield... and installed new wipers. that's service on her time. >> grandkid: here you go! >> tech: wow, thank you! >> customer and grandkids: bye! >> tech: bye! don't wait, schedule now. >> singers: ♪ safelite repair, safelite replace. ♪ >>> a three-year-old boy has died after his on pushed him into lake michigan. it happened last monday in chicago, but official

musk has certainly had.s from here but, again, twitter, which we've covered very closely, up almost 4% carl, over to you. >> i was going to say, david, between the message about world war iii, the timing of this, the ongoing discussion about would have been disclosed during diligence, but there was no diligence. i wonder if you've ever seen an maeve maye transaction like quite like this one. >> no, never in fact, this will probably be a trial unlike any other and perhaps of greater consequence because the thought is at this point that if the judge were allow mr. musk to exit, based on what we know -- and again, we still have to wait and see -- it would -- you know, it would send a bad message to those who enter into such contracts. so, it is going to be a very important trial. yes, carl, it is unlike anything i think we've ever seen. that goes without saying when you're talking about elon musk because he is kind of unlike anything we've ever seen as well >> yeah, indeed. of course, you know, a lot of what mu

he felt, and is elon musk similar -- >> yeah, musk is similar in being extraordinary open, how he feelser, but he has a -- more complex life than, let's say, i have, and he's transparent. that's transparency is part of his genius >> weird >> his willingness to be so open and transparent makes him -- >> i think he might do it for chip i am not sure it's about money, but to keep track of the chips >> in terms of -- >> in terms of being the richest man in the world >> but you would not start a rocket ship company going to mars >> this spectrum idea and this idea that he is an unemotional person that doesn't care what people think of him, i don't believe that for a second. i think this is a person that cares deeply of what people think of him >> collective people, but maybe not -- >> but this is the interesting element of it, right you look at the way he feels about president biden, and -- >> he is very annoyed at president biden that general motors is leading the way -- >> he desperately wants to be loved and beloved. >> right, especially by humanity, and not necessarily by the humans >> y

musk's attorneys want the court to allow them to revise their response to the twitter. a lawsuit. twitter is suing in an effort to force musk to go through with his 44 billion dollar purchase of the company. musk has been trying to find a way out of that deal claiming twitter did not disclose the huge number of fake user accounts. the trial is set to begin in 3 weeks. the deadline for congress to pass government funding is looming tonight. it's set to take a key vote on a spending bill. and if lawmakers can't pass a funding bill by friday. >> there will be a government shutdown right now. democratic leader chuck schumer is proposing a stopgap spending measure called a continuing resolution that would fund the government at current levels through mid december and give more aid to ukraine. but the bill also reforms the permitting process for energy projects and that provision is a big sticking point for some lawmakers. >> the poison pill is a funny attempt to address an important topic. a permit or 4. we have to have a real permitting reform. what i don't understand is th

verse twitter and there's a lot for musk to lose.eve if he does not negotiate with twitter ahead of that in terms of lower price, high 40s, $50 for twitter, he'll likely end up owning twitter at a current price. that's really right now going -- this could make the johnny depp trial look like peanuts relative to what we'll see. >> that's exciting. ashley: i like game of thrones anyway. costco and fedex reporting after the bell today. >> for fedex, they preannounced; right. you kind of already know what the numbers will be. what we're looking for is more clarity on strategy and cost cutting and they said they'd fly fewer planes and close more than 90 stores. many are thinking is this just a fedex problem and not industry wide? you had ups reaffirming their financial targets for the year. so is this a fedex issue since they're the only ones right now in the industry that is cutting their own forecast. for costco, we know it's a strong discounting retail environment. for us the market is looking at whether or not they'll raise the member

this is really been a point of contention between elon musk and twitter. he says that there are a lot more bots on twitter than they say they say it's less than five percent of accounts our bots. we don't know that's the thing and that's kind of the basis of this suit between elon musk and twitter is you know, he says that twitter is lying and you know, we had a whistleblower say that twitter is also underestimating how many bots are on the platform. we really don't know twitter hasn't you know, given us all the information but they continue to say that it's less than five percent and when that case goes to court in october, we'll probably find out more details, october. everybody's got a circle down their calendar it promises to be very juicy. i'm sure has twitter may meaningful change though to crack down on bots or misinformation. you know, it's something that a lot of platforms struggle with and it's something that doesn't look good for companies and it's something that they you know, you don't want users to feel like bots are an issue. you don't want

leno calls musk one of the great innovators of all time hard to debate that.to him about the future of space and humanity >> we're trying to achieve the holy grail of rocketry, which is a fully and rapidly reusable rocket no one has ever made a fully reusable orbital rocket and never one that can be rapidly reflown like an aircraft and that is actually the essential sort of invention if you will that is necessary to make humanity an off the planet species. >> joining us is our friend jay leno host of "jay leno's garage." jay, welcome good to have you with us >> thanks for having me. >> it's fantastic to have you with us. what was your impression of elon musk as you toured his facility down there >> well, you know, i live in hollywood, which has a lot of dreamers people dream of making a movie but oh, here's what happened we almost got there. we almost got -- he's a dreamer where the dream actually comes true i first met elon back in 2007 and he came by with his tesla roadster that was the original two-seater, small, electric sports car and i thought it was nic

the timing of him going public was a bit fortuitous for musk. about one person. this is about something that everybody should care about with large companies, which is, you know, the honesty and the truthfulness of the data that's being presented publicly represented, national security implications and whether users can trust their data with these organizations. >> so that's peter zakko who is by all accounts a credible whistleblower, he is a legend in the cybersecurity community. he has also now been deposed in this as has former ceo of twitter jack dorsey. it's all kicking off in three weeks' time in delaware is the trial, it's expected to last a week. we will be down there covering it every step of the way. if you have recommendations for restaurants in wilmington, please slide into my dms on twitter. >> there you go. >> we will be there -- >> i know a guy in d.c. now who probably has some recommendations if you are balking about delaware going out on a limb there. you will be moving to delaware, i'm surprised that's only expected to be a wee

musk also claimed on twitter yesterday that his tweets are being suppressed.this all mean for the lawsuit that is set to start on october 17th, how do you think this plays out? >> the specific allegations that musk is making against twitter to get him out of the deal aren't the same as the ones we saw from the whistleblower but the judge in that case has allowed them to be entered into the case. so we will see -- again, things that are actually legal matter a lot more with problems with the company that maybe musk should have looked into doing due diligence before he agreed but twitter can go forward and push back on elon. it's sophisticated court there. they deal with the issues all of the time. i think they'll be a lot of substance that comes out of that. we will learn a lot about twitter and a lot about the deal and as you said that start in earnest in october. maria: meta, twitter, youtube, tiktok expected to testify today before the senate homeland security committee jessica. clearly the surveillance campaigns will come up now that we know the fbi warned

musk's law team as well.es not appear to be the case, at least from what i'm hearing from various people close to the situation >> and the stock -- thank you, david. the stock is moving. i love the best part about that story is on the back of a yacht in the mediterranean, as one does that's where all things happen david faber, appreciate that we'll go back to you we were talking about chinese real estate and the risk here. is this like a communist party bailout? the communist party -- i guess you call it an election. they basically decide president xi will be king xi the rest of his life that's coming up in a few weeks. do things flip after that or do things deteriorate >> i think we'll see, perhaps, some new policy approaches to try and really juice the economy again. it's unsure what those policies will be. this sector, brian, has to find some priorities on the list of things the real estate sector, the property development sector is such an important part of china's economy. it also has political and other

it's got nothing to do with this musk deal.ewers, earlier this year musk pledged to pay $44 billion to buy twitter. now the company has -- the value has dropped significantly since then. and he is trying to rely on this argument that actually i didn't know there was so many bots on twitter than there actually is, and that's how he's trying back out. ultimately the judge in delaware will decide. i mean, it's going to be a very big decision. if mask ends up being the owner of twitter against his wishes, you know, he's -- he has said that he would allow former president trump back on the platform. given how much we've seen that president trump is doing with qanon, that would be a big and significant decision. >> there are implications for all of us in this decision. thanks for keeping an eye on it for us. >>> okay, text messasages obtaid by cnn reveal a key figure in the plot to overturn the 2020 election. messaged then-white house chief of s staff mark meadows on plan to seize voting machines. what does this mean for meadows? mor

and, obviously, elon musk is a very powerful businessman. you know, my expectation is the contract law is very clear on this, but how it comes down, i think, is largely going to be a political matter we'll have to see. i do not know. i would say by all rights you should expect musk will be forced to follow through on the contract, but then again, when is any billionaire forced to follow the law in recent years it just is not the practice in the united states anymore. >> billionaire he's a -- i mean, he's beyond -- you know, 250 of those billions. >> well, that's my point >> yeah, he rarely seems to follow the rules, right. but the law is the law, roger. i mean, really you're quite cynical. >> well, i feel it's appropriate. and i think it's appropriate because as an investor, the law really matters we depend on property law in order to be shareholders as a consequence, when people ignore contracts, when people ignore property law, that's a huge threat to investors you know, david, because i've been on this program talking about this before, t

elon musk lawyers say that if the accusations are true, the company's merger agreement with elon muskminated. twitter's ceo has maintained that there was a blower complaint is false and lacks important context. twitter sued elon musk in july, after he walked away from a $44 billion deal to buy twitter. elon musk countersued, saying the company misrepresented how many bots, or, mr. presented how many users were on the platforme platform. the . he also requested to delay the trial to november but the judge denied that request. it is expected to start next month. >>> it is apple day, and today we got our first look at its newest iphone lineup. maybe the bigger surprise? prices are not going up. here it is. the iphone 14! it looks a lot like the one you're holding, right? the ceo, tim cook, says these new ones have better displays, better cameras, and a slightly new design on some of the models. our technology correspondent steve kovach was at the unveiling and with this live from apple headquarters in cupertino. what stood out to you in the announcement? >> reporter: you actually said it

>> those who are tracking the deal with elon musk points to a lack of a smoking gun. the whistleblower would talk about the president's -- presence of bonds on the platform. it is a focus on the security vulnerabilities. the chaotic nature of management and so, we move on to this trial as much as we started today, nothing has changed. the judge has the same issue to consider. the allowed whistleblower filing in that anyway, the stock is interesting. the spread that is a gap between the current share price and soft indicator of how the market seems to go. the stock went up in a savage market today, we take that as a soft indicator along with our repertoire specialist, the deal is happening and it is still high. haidi: not just before weight saw the big fed steepening, we saw yield surging? >> we saw that policy sensitive two year yield do with the highest level since 2007 as we saw the yield curve starting to come further inverted. it has been inverted for a while and throughout the day as traders were continuing to anticipate a 100 point rate hike and in the afternoon

emily: so, one win for elon musk.n use the complaints of this whistleblower that recently emerged, to an explain. ed: this is the whistleblower who filed a complaint on august 23, basically saying that twitter had security deficiencies making its platform vulnerable to hackers and in this complaint that he had been told by a senior twitter executive that there was a spot issue. another judge is saying that incrementally, the musk team can go out incrementally ahead of the trial to include the information that was in the august 23 whistleblower filing in their liberal armory, so to speak. but it all comes down to musk having to prove the same impact, the same legal point that he had to along, which is material adverse effect. street analysts and bloomberg intelligence analysts see this being in twitter's favor at this point. emily: alright ed ludlow, thank you. meantime, tuesday night, alphabet ceo sundar pichai defended the company in response to claims that it is anticompetitive. he also commented on google's decisio

so we'll see if musk really does get that license to print money. thank you very much. and support in new york, the european union's 5 biggest economies of said they will introduce a global minimum culprit tax next year by any means possible. even if hungary refuses to end its opposition to the move finance ministers of france, germany, italy, spain, and the netherlands made the joint statement at a meeting of the e u counterpart. and proc hungary halted the blocks adoption of a 50 percent. minimum tax in june is what germany's finance minister christian now had to say is, is an enormous progress or form of fairness on the international level. and it allows us to reach the financial needs of our budgets without a higher burden for our people. and as this is why we are standing ready to transpose the international minimum taxation into national law if necessary. but of crosby i in favor far coordinated approach is in the european union, and our member states are and invited to support as e, a minimum and taxation. and now to some of the business stories you is working on

elon musk and cathie wood are warning of deflation and barry sternlic on "squawk box" today said ceo confidence is miserable and the economy is breaking hard >> now that inflation arrived and actually it's headed down, they are raising rates too aggressively this will be the fifth rate rise this year. >> so is the fed being too aggressive, and is a hard landing maybe a very hard landing ahead? joining us now, rubilo faruqi, and peter boockvar, cnbc contributor. do you agree with what some of these business leaders are saying in that being as aggressive as it is, the fed is courting a recession and maybe a serious one? >> the fed -- good afternoon the fed is in a tough spot right now. you are seeing slowing momentum in the economy, but inflation is too high, and the message is really on inflation and inflation expectations so what we saw in the cpi data, we didn't really see any -- we saw an improvement on the headline, but we didn't see knan improvement on the core februarys. what we're seeing on rent inflation, it really doesn't leave the fed with a lot of choices, especially coming

musk counter sued saying the company misrepresented how many users were on thethe platform.he platform it is expected to start next month. >>> it's apple day and today we got our first look at the newest iphone lineup. maybe the bigger surprise? prices are not going up. here it is the iphone 14. looks like the one you're holding, right the ceo tim cook says these new ones have better displays and better cameras and a slightly new design on some of the models cnbc's technology correspondent steve kovack is live from apple headquarters in cupertino. steve, what stood out at the announcement >> reporter: shep, you said it just like you and me and everyone at home, apple feels inflation, too people are walking in thinking the prices were going to increase on the iphones. in fact, they kept them stable that is a good sign that apple is really seeing demand strong for iphones and tells a did story of the consumer as we faced a looming recession, shep. >> they revealed safety features some of those were surprising. >> reporter: right now, the new iphone 14 line is able to talk to s

we start off with elon musk. set to kickoff the sit down with twitter lawyers over his bid to abandon the $44 billion takeover of the social media company. musk will have a deposition today and tomorrow and possibly wednesday ahead of the trial next month on the deal that will decide if the tesla ceo must go through with the takeover bid it is not known if musk will appear in person or video for the deposition >>> unilever announcing plans by the ceo to step down from the company. alan jope will exit the role at the end of next year the board will start a search of internal and external candidates this after jope tried unsuccessfully to buy gsk this year >>> credit suisse is on track with the review according to the reports. part of the strategy divestures. it is working to return to profitability after a string of losses and missteps. credit suisse will report third quarter results next month. >>> when we come back, oil fief facing pressure on the fall. >>> and italy set to see the first female prime minister an

. >> byron york, taking on tech, elon musk against twitter today as tech sector sees worst two weeksc began cfra respectful senior equity analyst here to talk more about that. you are watching "mornings with maria" live on fox business. . . maria: welcome back. want elon musk will sit foring deposition today and tomorrow will determine whether or not goes through with 44-billion-dollar twitter taker to look ahead cfra researcher equity analyst angelo zino i know you studied researched twitter tell me where you see this going you think twitter has an advantage here; right? >> yeah, no, absolutely we do think twitter has upper hand the peter zacco situation makes this situation messier to say the least, he was whistleblower also the former security chief at twitter, but if you -- make messier, at the end of the day we believe our legal team believes there is 80% probability elon musk will be i am soar twitter will be victorious defined as twitter, having to kind of get full price, or elon musk to having pay a slight discount for that 5420 original offer price at this point in time we s

>> well, twitter certainly will be arguing that musk has hurt their share price, hurt their value.y this thing for $54.20 a share. as you mentioned, it closed at $41.58. twitter is not a stock that is rallying. it's down again today as a few minutes ago, about $41 a share. this is going to be part of twitter's case here they're going to say he has hurt us by dragging his feet. as many legal analysts opposite out, he agreed to buy it without looking inside of it. this may be for nothing if in the end in court it's proven that he has to buy this thing because he agreed to it. >> jake ward, thank you. >>> scientists believe it's happened before and could happen again. an asteroid hitting earth. but nasa is launching a bold mission in hopes of one day potentially asserting a global disaster. it's pretty reminiscent of a hollywood plot. >> is this going to hit us? what kind of damage? >> damage? total, sir. it's what we call a global killer. ller to your routine. new science shows it gets in between teeth to destroy 5x more plaque above the gumline than floss. for a cleaner, healthier m

whose companies got more money than elon musk yet. but i do i do like fact that he has kind of woken up to the dangers of wokeism that he is now like this show doesn't have any. for example, he wants to he's an advocate of free speech and i have to you know, you have rights, you have the right to say what you want to say. i have the right to say what i want to say. this idea that i don't like. what's peter you're saying? so i'm going to shut your voice down. i don't think that's you know, we're pretty rare in this country among all the countries in the world that we have the bill of rights, which are really to sacred, you know, the right of assembly, right of religion, the right of free speech, you know, the right to bear arms, the right the right of a fair trial, all of these things are really in history, not very prevalent. so i admire that about elon musk at the end of godzilla. you have some reforms that you suggest to maybe get off this hamster. yes. and there are a lot of them are thought experiments, but if you want to ask me a

all that coming with musk trying to get out of the deal to buy twitter. now it's not. largely because twitter's stock price has cratered sincere sayi twitter somehow did something inappropriate in this. so far, that's not working for him. musk desperately now wants to get out of that deal and keep his 44 billion. >> eamon javers, good to see you. thank you. also on the hill, new pushback today against senator graham's new proposal to restrict abortion access. we've heard from the top senate republican saying this. after graham introduced a bill that would ban abortions across the country after 15 weeks of pregnancy. watch. >> i think most of the members of my conference prefer that this be dealt with at the state level. >> even the name of the bill is getting pushback. he's calling it a quote late term abortion ban. that's a non-medical phrased. generally refers to abortions after 20 weeks of presidency. it comes as the majority of americans think abortions should be legal in all or most cases. i want to bring in scott long from capitol hill. let me apolo