elon musk is a meme starter.f the biggest meme tweeters, he's the but of a number of memes as well. what do you think him owning twitter means for the platform? >> when he first started making hay, i thought it would be nonsensical. now that it is going through, one of the things that we looked at is what does elon musk like to tweet? he tends to get right in the middle of very important world, historic, geopolitical flame wars. just recently with zelinski about the war in ukraine. he's not a politician, but he's very much a political figure. and he now has bought one of the most consequential communication technologies of our present day. and so we have to be on alert and very careful about charting these changes. when he said he was going to buy the platform, many good employees left right away. i'm afraid that the people who are there that are doing excellent work are not going to want to stay there because of the political climate that their new boss brings. emily: you make a good point that in the last 24 ho

elon musk is denying it.avid: categorically, elon musk -- ed: categorically, elon musk has denied he spoke directly with vladimir putin. one source said he spoke to elon musk about two weeks ago i had not planned on revealing that conversation but decided to in his own newsletter after he saw elon musk's comments on twitter about ukraine and he said that muscat told bremmer he had spoken to putin about the issue of ukraine, which was controversial. musk denied its, then went further and said he hadn't spoken to putin for 18 months, which predates the current conflict in ukraine. emily: d.j., why do you imagine musk would present the starlink issue to the public, and whether he spoke to putin and the controversy over his twitter poll in general? d.j.: i find it dumbfounding. musk got into a lot of trouble, politically as well as reputational he -- reputationally, for making this statement about russia. he got a lot of favorable press in russia, not a good thing. the timing is very bad. because it is on the hee

>> i think musk saw the writing on the wall.ng into court in delaware -- >> i've got to interrupt you we've got our david favre standing by. >> sorry to cut off dan there, but i did want to give your viewers more sense of what's going on it appears that last night a letter was sent from mr. musk to twitter also filed at the court although still under seal right now indicating his desire to drop the litigation and follow through on the deal as already in contract or specified previously to acquire twitter at $54.20 so basically a letter in which he proposed we will move forward with the deal, please drop the litigation, twitter, and i will buy you at $54.20 as had been, of course, negotiated earlier this year. what we're waiting for now is both getting the court involved from the twitter perspective is my understanding so that there is assurances that this is not some sort of ploy for them to get them to drop the litigation prior to him actually buying the company, and we're also waiting for news i'm looking back over my shoulder

musk public leadership.nline, something he could do. it's a complex area that doesn't seem to interest him when it comes down to the work. so, when you put aside the texts and all the people praising him, there's other accounts that note the trial and even more information coming out could shatter the myth of the tech genius that musk cultivates. that's how one writer put it. there's no doubt musk is good at several things -- innovation, business, driving and shaping debates rather than responding to them. every one of his business projects would really define any other person's entire career, the success, from the disruption of electric vehicles to private space travel. so, i want to be clear, it's still certainly possible that mr. musk would bear down, buy twitter, and improve it. in one sense you could say this platform for sharing texts, for sharing sentences, would seem less complicated than the literal rocket science that musk taps for his other work. and i say that in all seriousness and fairness. but

and what is musk's end game?'ll talk about that and more in a moment. >>> welcome back to "power lunch," everyone twitter soaring on reports that elon musk proposed to buy the company at the original price he offered back in april, potentially ending one of the most contentious takeovers in recent memory.looks at what this for twitter and the social media landscape. good to see you. put it all in context for us how valuable really is twitter i think of it as sort of fourth in a three-company race or fifth in a four-company race i'm not sure >> maybe it's just on its own race, tyler. one thing is for sure, the company that it appears that elon musk is going to be buying for $44 billion faces far more headwinds now than it did when he originally made the deal to buy it for that price tag 5 1/2 months ago take a look at the massive decline in value of other social stocks since the april 14th date when the deal was announced. since then, meta shares are down 34%. snap shares are down about 68% now, if anything, twitt

musk or twitter to release the letter, and we are waiting for news from twitter right now. that news not likely to be we're done, it's all over. we've agreed, we're closing on this date. more likely to be what i'm sharing, we received this letter from mr. musk and we're waiting for the court to sign off on things to make sure if we drop the litigation, he will therefore move forward with the deal, and as i have been indicating earlier in earlier reporting, john, he could close this thing very quickly at the least, 15 days, or at the most, i should say, because that's the marketing period morgan stanley has and the contract that's allowed if it wants to exercise that if they were to waive that, they've gotten all the other approvals, regulatory, shareholders, so you know, it could be a matter of days if morgan stanley waives that marketing period. >> we don't have the final box score on this situation that's an important caveat here strange things can and probably will still happen, yet twitter's management and its board have undergone withering criticism over the years, it

the bird is freed, says elon musk.y, trust and safety. the man who made the decision to permanently suspend donald trump. what does all of this mean? how is a musk takeover going to shake up the platform? it takeover going to shake up the latform? . ., ., platform? if confirmed, that would be — platform? if confirmed, that would be huge, _ platform? if confirmed, that would be huge, he - platform? if confirmed, that would be huge, he has - platform? if confirmed, that| would be huge, he has swept away the entire top team of twitter, and the chief executive parag agrawal, it's a real statement that said, i am the boss of twitter and i don't like the direction twitter has been directed in. parag agrawal, the chief executive, and previous to that, jack dorsey, the former ceo, are the two people elon musk really believes mismanaged twitter. what we are now going to see, almost certainly, is more free speech and potentially an invitation to donald trump to invite him back onto the platform. this has massive ramifications fo

it started with a poll by elon musk. >> elon musk sent several tweets throughout monday. the two key points were that first he suggested a negotiated settlement between ukraine and russia, implying that crimea, which is an annexation of russia, should remain with russia for good. obviously these are strong words for elon musk we saying. -- for elon musk to be saying. he posted a a further poll later in the day saying citizens of those areas of ukrainian territory that russia is trying to annex, whether or not they should be given an opportunity, to vote on their own futures. there has been a sharp reaction from all corners of social media and diplomatically to what elon musk has had to say. emily: including from president himself, responding with a twitter poll of his own. which elon musk do you like more, one who supports ukraine, or one who supports russia? david, what is your take on all this? david: it's fairly easy to have a take on, i must say. i think musk falls prey to a number of dangerous ideas. one is, if i'm so rich, i must be smart enough to solve anything. t

only elon musk knows _ some other ideas? only elon musk knows exactly - some other ideas?other ideas? only elon musk knows exactly what his i musk knows exactly what his plans are, and there are two courses of action here, doubling down on advertisers and ensuring that it is an advertising friendly place however, that is at odds with what he wants to do, relevant to loosening moderation, if there is more disinformation and hate speech on the platform, that becomes a place where it is not safe for brands and advertisers are going to pull out. the other option is for it to become a hybrid or full subscription service in order to gain revenue but that is notjust order to gain revenue but that is not just a order to gain revenue but that is notjust a switch that you can turn on. is notjust a switch that you can turn om— is notjust a switch that you can turn on. interesting. one thing we — can turn on. interesting. one thing we know— can turn on. interesting. one thing we know that _ can turn on. interesting. one thing we know that in - can turn on. interesting. one thing we kn

musk assured that they continue to support ukraine and in the future i will only be here.t to clarify that from february in 2022 , ilona maska's company spice e.e.e. spacex spent about 80 million dollars on launching and supporting the work of its starlink online store in ukraine, which was just mentioned by my colleague sashko shevchenko, however, ilon musk, the richest man in the world, made similar proposals. well, for example, the adviser to the head of the president's office mykhailo podolyak believes that musk made his statements in order to divert attention from the discussion of tesla's negative quarterly report. and there is a version that through the mask, the kremlin sends signals to ukraine and of the world, in particular regarding the negotiations well, maybe musk is another version sincerely afraid of nuclear war, he also mentioned this threat in his tweets well, and we just talked about it with pavel klimkin now we we will consider all these options oleksandr kraev , director of the north america program of the foreign policy council, ukrainian prisma joins

twitter is talking with elon musk.eah, they have not said sure we trust that this offer you have made is legitimate and we would do this. we have not seen any joint statement or any end to the saga. we are staying tuned for what they may decide, and hey, if they do not come to an agreement, then we might see elon musk deposed for next couple of days and disco to court as scheduled. emily: our understanding is twitter could ask the court to provide a consent judgment, if you will and create an agreement between the court, twitter, and elon musk. not just twitter and elon musk, that would be enforceable in a court of law. we are getting a glimpse into his vision for the social media platform. what does he mean by the x app? >> he talked about the idea of having an app that would compete with wechat in china. we have seen this from mark zuckerberg, evan spiegel, no one has pulled it off. i think that is a big ambition of a lot of folks. it's just that the internet may not work the same way here. we will have to see. emily

in terms ofthe concern for elon musk. in terms of the likes _ concern for elon musk.rn for elon musk. in terms of the likes of donald _ concern for elon musk. in terms of the likes of donald trump - of the likes of donald trump being allowed back and some of the plays being banned from twitter, there are concerns about what elon musk�*s strategy will be? it about what elon musk's strategy will be? , 4, , about what elon musk's strategy will be? , . , ., will be? it starts with freedom of speech- _ will be? it starts with freedom of speech. that _ will be? it starts with freedom of speech. that is _ will be? it starts with freedom of speech. that is really - will be? it starts with freedom of speech. that is really why l of speech. that is really why he started to get into this to begin with, going back to april. that is going to be a tight rope when you work with donald trump and other issues twitter has had because that is part of its problem because you cannot monetise anything and it has been a cesspool as we have seen from a content perspective. monetising is goin

day one under musk. what happened? ed: not as much as we had hoped.e know the deal closed last night, equity investors were informed. i am hearing a lot of the work we have reported is ongoing. there tesla engineering staff inside tweeter being pared up with twitter engineering staff. they are basically having meetings to review the source code behind the twitter platform. that is what is happening minute by minute. you would have seen the tweet from musk about the content moderation. the conversation seems to be moving quickly from how the deal happened to what does the future of twitter as a platform look like? content moderation and the support of freedom of expression is fast becoming what we want to talk about. emily: we know last night he fired a few key top executives. ned siegel, the cfo. members of the legal team. we saw people walking out of twitter with boxes. are those people getting fired? ed: on the executive departures, sources tell us that for the time being, elon musk has installed himself as ceo. i know a lot of staff were really con

what do you make of all of this happening for elon musk and because of elon musk, really, at once?> maybe i am a bad armchair psychologist, but even before this development today about ukraine, it occurred to me that it might be that all the smoke over twitter was a bid for attention. it's hard to explain how why he would've tried so hard to buy twitter and then tried so hard to get out of it, without any real fundamental changes in his business plan strategy. i think it is all because he has to have attention, just like elon musk. emily: of course we are still waiting for headlines to come out of this deposition, but it should be said that elon musk's companies have had some involvement in the war on ukraine. >> spacex, of which he is a founder and chief executive officer, has for some time been sending star link equipment to essentially keep the country connected during the time of war. the fantastic reporting on the bloomberg terminal about the background and how that came about in coordination with the u.s., but they are all providing that service and hardware and musk had twee

i think elon musk _ new idea of this x app? i think elon musk has _ new idea of this x app?s x app? i think elon musk has docked in - new idea of this x app? i think elon musk has docked in the l elon musk has docked in the past about why does the us not have an app that brings everything together. in china there are popular apps with search engines, e—commerce, and social media all in one app but in europe and north america no company has been able to crack that and i think that is what elon musk is talking about. anything like that would be very much in the future and would take a lot more investment than the 44 billion dollars he has to pay for it. we shall keep a close eye on it. thank you very much for your analysis. we will have more on that as well our business coverage. stay with us on bbc news, still to come: a special concert marking 60 years since the world premiere of the first james bond film. this was a celebration by people who were relishing their freedom. they believe everything's going to be different from now on, they think their country will be respected

musk. >>> separately, elon musk denying the report he is planning to layoff employees prior to november 1st to avoid stock delivery he is saying he is not going to do it. there was a report over the weekend that said he ordered job cuts with some teams hit harder than others. elsewhere, twitter reversing th user verification process. a lot of reports out there and here is what we know twitter considering charging users who already have the blue check mark to pay for it pay $4.99 a month and some reports as high as $19.99 a month. paying for verification may come at the right time as advertisers are rethinking future with twitter. on friday, gm halted paid advertising on the platform as it engaging to understand the distribut direction of the platform. gm competes with tesla think about the motivation musk iss considering bringing back vine as a possible tiktok competitor the idea generated more than 1.6 million votes. and then lebron james. i don't know if you saw lebron upset about people using the "n" word and slurs and terrible things happening over the weekend and saying this is sca

they said musk could close at sooner next week by the 10th.8th date was put out by the musk team and there court filing, when they requested the proceedings happen. that this trial be paused. twitter opposed that in a court filing later in the day. thursday twitter said they did not want to pause the proceedings. the judge appeared to have cited with team musk at this time. emily: the judge is saying she will set a date for november for trial if the deal does not close by october 28. there is still this contingency of the debt financing. are we to understand by this that is not going to be an issue or we believe that the main issue that remains? ed: in the first court filing on thursday, musk's team says twitter would not say yes to the deal that they were hung up on this idea of the debt not being there. which the team indicated was not a problem. in the filing that twitter steam gave us later, they said that musk could discuss closing the deal with the banks. the concern is musk has $12.5 billion of debt, split between the $6.5 billion loan,

musk is refusing the contract obligations.puts the deal at risk they claim the lenders which signed up for the deal are prepared to honor the obligations and accuse twitter of baseless speculation over the finances a lot of war of words here financing really is central to this where is the money coming from does elon musk have the money from the banks are the backers who backed him at the start all those months ago in it for the long run >> i believe morgan stanley among others are agreeing to the debt for elon musk what are the other banks involved in the deal, arjun? >> reporter: when elon musk pledged the deal months ago, you heard binance and larry ellison all involved saying we're going to pledge money to the deal. they have been quiet since then. of course, the market environment has changed so much. we have seen a plunge in tech stocks and interest rates on the rise what does that mean for some of the debt financing in particular and whether there will be investor appetite from the more risky debt coming on to the sn ma

let's get into this musk-twitter back and forth.he deal could potentially close at the end of the month but twitter is saying not necessarily. bloomberg's own kurt wagner has been going back-and-forth now for months. what is the hold up now? why can't they just say let's do it? kurt: there is a huge distrust factor. a few days ago elon basque said let's do the original deal at the original price, and twitter did not jump on that, which tells you that it seems like the two were meeting where they thought they originally were going to in april and today we heard there was a hang up around some of the language and what elon musk ultimately said was that there was a contingency. that was not in the original agreement. now he is saying i have the debt, it is there, and twitter is saying, prove it. we will not sign anything until we have a legal document here. so in the last hour or so, the musk team said we want to pause the trial. the twitter team just responded not that long ago, maybe 10 or 15 minutes ago to say, we don't want to do t

must agreed that musk -- musk try to terminate the deal on the idea that there were too many parts of the platform. the market was assigning that the judge would hold musk to the original terms of the deal. we have come full circle. jon: musk and his team would have had to have been crystal clear on twitter violating the terms of the deal to be deemed successful? >> musk and twitter had a signed contract. in order to walk away from the deal, he would have to prove a material adverse effect and in so doing he try to say that twitter withheld key information , largely about the level of users on the platform that were parts or spam or fake accounts. what he would have to prove in that delaware court is that the withholding of information by twitter was so significant that it essentially blew a hole in the deal. it fundamentally alter the value of the deal and the company's ability to operate. there market thought that there were long laws to do that and twitter would be holding him to the contract was much more likely. kriti: one of the key pieces of this deal was that on one hand elon

elon musk is officially _ minutes? elon musk is officially the _ minutes?n musk is officially the owner - minutes? elon musk is officially the owner of l officially the owner of twitter. long—standing executives and the ceo will walk out of the building with security, so it looks like he is already leaning out and putting his stamp on one of the world's most... inaudible. you mentioned executives have been walked out of the building, who and why? fine been walked out of the building, who and why? one of them is the _ building, who and why? one of them is the ceo, _ building, who and why? one of them is the ceo, it _ building, who and why? one of them is the ceo, it was - them is the ceo, it was expected that elon musk would fire him. some report that elon musk himself wants to become the co—ceo. also the general counsel, the head of safety, who is an interesting executive, she has been responsible for all of the content moderation. musk had supported critical tweets of her, which were attacking her earlier this year. he supported it, so he has been critical

musk has a strong views about free speech.o see that a certain type of free speech environment, eg, one where anything goes, might become a hellscape, as he said, and that might see people leave, in which case advertisers who are paying to be on the site might get concerned, because there will be fewer eyeballs looking at their ads. all of this matters because twitter has become the place all of this matters because twitter has become a place where world leaders, opinion formers and politicians come to share their views. it is a kind of direct line between the decision makers and us, those they represent. elon musk thinks we need a digital town square, a community space for public discussion, and twitter, he argues, is it. several top execs have already been sacked, and for those who remain, they need to know musk means business. i suspect they will want to get some degree of certainty that elon musk isn't going to be running it like he runs his twitter account. his twitter account is full of memes and jokes. people want a deg

musk has promised that won't be the case.oday, i'm not turning twitter into a hellscape or something like that, but the reality is a lot of people who have broken the rules of twitter around hate speech and misinformation and bullying, those people are cheering his ownership and have gained massive numbers of new followers just since musk announced he was going to buy twitter in april. so a lot of clues as to how the platform might change. i don't think he wants to drive people away from twitter, and if it became so toxic, then people would start leaving because it wouldn't be a place of public debate. that is going to be the tension going forward. $41; billion, reportedly worth, what does this mean for the value of twitter and its value for its shareholders? i'm glad you asked, because we have a scoop that twitter was planning to make drastic cuts to its workforce right before elon bought the company. so we know twitter has always had an outsize influence on the world but the revenues have never supported it, compared to fac

musk tweeted the bird is free hours after the reports. he is also said to have fired multiple top executives including ceo, chief financial officer, chief legal counsel. twitter has not responded to a request for comment. bloomberg reports musk plans to take role as twitter ceo. the deal was not without drama and lots of twists and turns. this started in january when musk started buying shares. in april musk made his offer and two months later he threatened to back out. twitter sued. today twitter shares will be suspended according to new york stock exchange. what will happen to the employees? some analysts say for many it's not good. >> elon musk started his acquisition of twitter really by doing a telling campaign instead of a listening campaign. he told them how management wasn't doing the right job. he told them how he didn't agree with a lot of the things they were doing and how bad a company they were. so it's hard to imagine him coming in and suddenly giving everyone a bear hug saying let's get to work. i have to imagine it's going

musk was supposed to be deposed later this week. there are those who believe that he simply doesn't want to be put in that position >> sure. >> and so we can go down any number of roads to try to understand what it was that motivated him last night to tell his lawyers, i'll just pay this thing. but certainly you have to think about a couple of those events as being key. >> the stock is moving a lot, up 13%. still below -- >> it is halted now. >> it moved up, but not near where it will once we see that letter and it begins trading again. >> my question is if we do see it, it could go up to $54.20 is there any regulatory risk ahead? >> everything is signed off on it has been approved by shareholders so the only thing once they sign this deal, again, or he commits to the deal he already signed, would be the 15-day waiting period or marketing period that morgan stanley has it doesn't have to exercise those 15 days, but it does have the right under the contract to say you got to give us 15 days to market our debt they can easily wave tha

the headline is elon musk plans to close the twitter deal on friday. you are seeing shares trading at a 53 handle, a massive spike. we will keep you apprised of the developments there, but this will be crucial given that we are getting closer to the $54 20 cents deal. do you have some sort of merger arbitrage priced into the stock going into friday? that's something we are keeping an eye on. but i want to come back on ups before we continue our twitter coverage and talk about whether this is going to sustain. we heard about truckers last week warning the slowdown is going to continue into 23. will ups'success continue into 23? crayton: whatever you think is going to happen with volumes, and every buddy thinks they're going to go down, it's just a matter for how much and how long. the union has been feisty in their commentary about negotiations, but that contract comes due in june and that could be a major point. a strike is not off the table and that would be a significant disruption for ups and the whole economy. kriti: certainly a lot to keep an eye

it is the elon musk carnival _ musk at the helm?lm? it is the elon musk carnival that has begun . musk at the helm? it is the elon| musk carnival that has begun and musk at the helm? it is the elon - musk carnival that has begun and we are all on the roller—coaster. what are all on the roller-coaster. what do ou are all on the roller-coaster. what do you mean _ are all on the roller-coaster. what do you mean by — are all on the roller-coaster. what do you mean by that? _ are all on the roller-coaster. what do you mean by that? how - are all on the roller—coaster. what do you mean by that? how will this roller—coaster go? element i don't know how it will end up on how many twists and turns that there will be. elon musk now owns twitter, obviously did not want to buy it, it looks as though he has been compelled to thanks to the core in delaware, and now he's trying to put it into his own vision, saying he is doing it for the good of humanity. for the good of humanity you might want to switch it off rather than do anything to it. this

and the parties related to musk they've filed with the securities and exchange commission and musk says he'll go ahead with the deal around the social media company and the plight of $64.20. twitter is accepting and says they have the intention to close out the transaction at that very price. the stock still halted and we are hearing that does not have to and getting halted around 12:05 p.m. eastern time today around news pending and the news is that elon musk will end up buying twitter for $40 billion. let's get to some other individual stock stories here. nasdaq and the ilumina upgraded from market perform to outperform. investment bank has its price target from $220 to $270 and stands at $204 right now and the machine and instrument of choice. take ago lead and zooming higher by 13% after announcing it produced 67% more vehicles in the third quarter compared to q2 and ev van maker reiterating production target of 25,000 vehicles and if you look at lucid and general motors, they are also moving higher and you've got lucid powering up higher and look at ford though, the pop on ford her

things are never dull with elon musk.s, lots of changes and lots of uncertainty, at what elon musk describes as the world's virtual town hall. james clayton, bbc news. that was our north america technology reporter james clayton reporting. with me is our business correspondent theo leggett. we'll talk about the social media site in a moment but let's talk about money because elon musk says it is not about making money, his acquisition about money because elon musk says it is not about making money, his acquisition of about money because elon musk says it is not about making money, his acquisition of twitter, about money because elon musk says it is not about making money, his acquisition of twitter, so about money because elon musk says it is not about making money, his acquisition of twitter, so it about money because elon musk says it is not about making money, his acquisition of twitter, so it is about? it acquisition of twitter, so it is about? , , ., , ., about? it seems to be about influence — about? it seems to be

there is of circulation about what mr musk wants to do.a few months ago —— moments, he wrote that buying twitter is: there is limited detail as to what that means. mr musk is quite provocative, quite playful online, often quite mysterious in his tweets. we know he's a very ambitious businessmen, in charge of spacex and tesla and what we understand as he may be considering an app which would merge things like social media messaging, even payments, somewhat like the chinese listing up we (chanting) and that's what he may have in the pipeline but we don't know the details. the other interesting thing that method uses is whether mr musk, who as we know is an advocate of free speech, the herrig consider some of the bands of prominent users of the 3pp, bands of prominent users of the app, so the name by everyone's lips will be former president donald trump, he was permanently suspended from twitter last year in the wake of the capital riots and it'll be interesting now to see if mr musk, if he does go through with this deal, whether he reevaluat

elon musk said he wants to create an app called x.only elon musk knows. what this means for twitter is less moderation and that could mean more free speech but also more hate speech but also more hate speech and crucially, for the chief executive of twitter, he does not get on well with elon musk and if this goes through he will have to look for a new job. north korea's launch of a ballistic missile over japan on tuesday has elicited a robust response, as promised, from the us and south korea. both countries have fired missiles of their own off the japanese coast. seoul said four short range weapons were used to deter further provocations from pyongyang. washington and seoul also carried out a precision aerial bombing exercise to demonstrate their readiness to react to the threat from pyongyang with more than just words. north korea's missile was the fifth in the last few days. it travelled about 4,500 kilometres before falling into the pacific ocean. karl freedhoff, korea expert at the chicago council on global affairs said its belie

d, the highest margin product in elon musk's portfolio is the brand of elon musk as this sort of wise-cracking billionaire genius, kind of this generation's tony stark. this twitter transaction, i think, threatens that. this was just a blunder from start to finish. a bad investment followed by a bad takeover process followed by a bungled attempt to get out of it now, the geopolitical tensions that come with twitter probably threaten his other brands and portfolio. >> you mentioned tony stark. i'll go d.c. and mention harvey dent and the "dark knight. >> i thought you were going batman. >> i am. you either die a hero or you live long enough to see yourself become the villain, right? this is the moment for elon musk he's had so much success, maybe as a brand, as a marketer. he took on the auto industry he took on nasa. can he take on social media? you would think this might be an easier cast, but many have stumbled before. when it comes to twitter, in particular, carl, his idea to create this sort of super app, is he going to be able to do that again, this has been tried many times with meta, pa

july 12, twitter sues elon musk to force them to complete the deal. musk countersuit.ctober 4, after a trove of inner circle techs are revealed in court filings, elon musk revives his bid at the original offer price, potentially avoiding a courtroom fight. october 6, the delauro chancellery judge pauses the case, giving the parties more time to complete a deal. on 5:00 p.m., it hard deadline is set, otherwise the trial resumes in november. emily: to some of the m -- just some of the elon musk twitter saga we have been living through, but finally the deal seems imminent. in a tweet to advertisers, elon musk said he wants to make twitter a town square with highly relevant ads and less of a free for all hellscape. we are bringing in sarah frier. our latest reporting is engineers from tesla have gone to twitter to review their code, and that the twitter code has been frozen ahead of a pending deal, so no changes can be made at the 11th hour. what is the latest? sarah: it looks to us that the tesla engineers are there to review the code, to help elon musk assess it and to t

elon musk has completed his $41; billion deal earlier this year, mr musk attempted to back out of theurchase. but he announced it would go ahead shortly before the dispute was due to go to court. the tesla boss has said he wanted to acquire twitter to help humanity, rather than make money. earlier, i spoke with our north america tech correspondent james clayton about the deal. twitter haven't confirmed it yet, but multiple it yet, but multiple sources are saying the deal is now complete, twitter investors are saying the deal is now complete. so we can be pretty confident elon musk is now the owner of twitter. a remarkable deal that was on and off again, then it was on again. we didn't know what was going on. right up to the last second, people were still thinking, look, elon musk is erratic and capricious, could he back out again? it does now appear that is not the case, and that elon musk owns twitter lock, stock and barrel, and that could have huge ramifications for the company. among these rumours and reports, stories about several executives being fired — what do we know about tha

spacex and to elon musk.ithout starlink, none of our offensives would be so successful. >> reporter: lieutenant taras baravet is a spokesman for ukraine's military. he told us starlink is crucial for commanding troops on the battlefield. >> it sounds like it's been a game changer for ukraine, just as important as rocket systems? >> yeah, absolutely. >> reporter: but then, earlier this month, musk tweeted a proposal for bringing peace to ukraine, suggesting the u.n. could supervise a referendum in parts of ukraine recently annexed illegally by russia. it infuriated many ukrainians. >> this is a matter of our freedom. this is not something we're going to discuss with anyone, including elon musk. >> reporter: a senior ukrainian diplomat even told elon musk to get lost, insulting language. musk seemed intent on doing just that, recently saying that spacex could not fund starlink in ukraine indefinitely. his company reportedly requested last month that the pentagon take over paying for it. but musk has now done a

musk's takeover has triggered uncertainty among some twitter users. >> elon musk buying twitter and owning twitter will be the end of twitter. >> i've seen obviously people commenting whether they're going to continue using it or not. i haven't thought about it. >> reporter: musk's $44 billion bid to buy twitter began back in april and faced numerous setbacks with musk at one point claiming he was going to pull out of the acquisition. a judge in delaware had set a deadline of today for the parties to close the deal or else go to trial. elon musk has not issued an update on the statement he made earlier in the year claiming he would reverse twitter's permanent ban on former president donald trump. trump was shut out of twitter, facebook, and instagram following the january 6th capitol riot. he has since launched his own social media platform, truth social. >> naomi ruchim in new york. thank you. >>> also breaking overnight, police in oklahoma say that they are investigating the discovery of eight people found dead in a burning house as a homicide case. the fire was reported yesterday in a r

moo elon musk is expected to bring back vine as a competitor to tiktok musk already garnering more than 1.6 million votes, dom i remember vine. i thought it was pretty fun. >> we'll keep an eye on that we appreciate it. >>> to the latest on the home invasion attack on the husband of house speaker nancy pelosi. police have yet to offer a motive on the suspect to paul pelosi that attack spurring plenty of finger pointing and creating fears of political violence with just one week left to go until the mid-term elections drew petrimoulx joins from us d.c. drew, how is this situation developing >> reporter: dom, you have seen it on your social media acts the rhetoric has been heated soming that leads to the environment that these incidents can occur. after an attack on the family of the top democratic party leader, politicians from both sides of the aisle are taking to the air to condemn the violence. >> we have to figure out how to bring the country back together with a civil conversation and we have no violence what happened to paul pelosi is despicable and unacceptable. >> i think it is r

today musk said spacex cannot indefinitely fund the system.n -- which he says cost nearly $20 million aonth. last month musk asked congress to take over the service. felicia joins us for more. how important has this system been to ukraine in this war? >> american and ukrainian officials have described it to us as a total game changer, super important. as us, it helps drone operators, it helps people stay in touch. it's basically a backup communications network when cell phone and internet infrastructure are down and especially as ukrainian forces are retaking area in the west of the country where there's not a lot of ukrainian cell coverage. >> has musk just been donating this? >> it's been a mix. musk and spacex. the u.s. government and european countries have donated some. also there's been some crowd funding efforts but he has donated some terminals as well. >> and musk asked the pentagon which if they could take in over. where do things stand with that? >> the pentagon said they are in active conversations with spacex and musk trying to fi

he is elon musk. he runs two other companies or three or however many he has that are very popular to work at. both tesla and spacex. very important companies, actually. so i think he'll probably tract a lot of people. i think it's just, you just don't know what he's going to do. that's the problem with elon musk. i'm always surprised by the things he says. some is conservative. some is liberal. some is just crazy. some silly. you just don't know. a the hoff people at twitter will leave. and that's the way it's going to be if you don't like elon musk, you really shouldn't work at twitter. >> yeah. what about facebook? facebook also took trump off the platform. but that was not a permanent ban. and that sort of -- it is up for reconsideration in january of 2023. which means trump could be back on twitter in time for a potential presidential bid. can you read the signs on that potential decision in any way at this junk tour? >> it's not had a made by zuckerberg. you know, i don't know. i think they'll c

musk's is this is. -- businesses. but the spread continuing to creep. we are waiting for this to be done. october 28 at 5:00 p.m. is the deadline. the bankers on both sides, they are working diligently to get this done. this report about security reviews kind of came out of left field. this is something we were not prepared for. but it happened and you've got the details. emily: we will talk about that a little bit more right now. biden administration officials are debating whether the u.s. should subject some of elon musk 's ventures to national security review according to bloomberg sources. this would include the twitter deal, tesla, the star link network. u.s. officials are uncomfortable with what they see as musk's increasingly russia friendly's dance. -- friendly stance. i want to bring in the stan and sarah. let's start with you. tell us what we know about this part central -- potential series of national security reviews. dan: in many respects, the views are centering on twitter. and on the consortium of inves

this is an aspect of elon musk that i appreciate.ies to be an ordinary person going about his day changing the world on buying companies for $45 billion. it is amusing, you can't deny. there was an interview in the financial times where he was asked, what are you doing? he said, aren't you amused? he wants to amuse us. it is at the cost sometimes of some serious people that have real consequences. but -- emily: it is not just the people that are really important. what about public discourse? the future of public discourse is not a joke. right? david: we really don't know what he is going to do. he said many different angst. a lot of them are impractical. some of them as i have mentioned are appealing to me, like giving genuine identity to users. i don't view it as a potential unmitigated disaster that elon musk might control twitter. it sounds like an idiotic disaster to lay off 75% of employees because i can't imagine the company could continue to operate responsibly if that were to occur. i honestly don't expect that to happen. it

the court in delaware gave musk a friday deadline to close the $44 billion deal, and musk has reportedly begun having banks process $13 billion of his payments when its management as exemplified with the sort of bold confidence that elon musk will bring. there have to be moderating voices within the organization. dan more. a uc berkeley professor at the hospice nous school, is an expert on leadership and confidence, he says. musk's track record shows a risk of overconfidence that could be a detriment to twitter and his other companies. tesla and space x overconfident leaders get their organizations into all sorts of trouble. and musk provides many examples, including his poorly conceived tweet about taking tesla private . having funding lined up, they wound up in an investigation by the sec. more says if musk does take twitter private without a board of directors, the question is who will balance musk's ego and control of the company? why is responsible leaders? with healthy egos will seek out criticism and doubt themselves when choosing courses of action second guessing whether their in

we will also look at the musk deal.omberg. ♪ >> this is "bloomberg surveillance: early edition" with francine la

twitter have had theirfingers burned by elon musk before.n he did not know it does and you can see from the statement that they put out that they are nervous. they are pretty much set —— said that they will force musk to purchase the company whether he likes it or not. and there was nothing particularly celebratory about the statement from twitter. elon musk has said on twitter that he wants to create and everything app out of tweet cold acts. i don't know what that means, perhaps only elon musk knows what that potentially be like. but what this means for twitter going forward is less moderation meaning more free speech but also more hate speech and, crucially for the chief executive of twitter, it does not get on well with elon musk and if the deal goes through he will have to look for a new job. will have to look for a new “ob. �* , , , ., ., , job. let's bring you the latest on this, job. let's bring you the latest on this. the _ job. let's bring you the latest on this, the north _ job. let's bring you the latest on this, the north korean

number one, elon musk has taken control of twitter.completed the $44 billion purchase of the san francisco-based social media company. he has already fired several top executives, including the ceo. reggie: number two, local police announced the arrest of two people for the shooting available dentist. jobina: number three, north korea's short range ballistic missiles overnight, the first launch in two weeks. the u.s. military warned the use of any use of weapons would "result in the end of that regime." reggie: number four, a animal shelters are asking that people stop surrendering pets because they are overflowing. one reason, any prevented animals from being spayed or neutered so there is an increase of pets being born. drew: number five, we will warm up a bit as we head into the weekend. bringing the fog back tomorrow morning with temperatures in the 60's and 70's for sunday. sue: number six, following your friday morning commute. it is light. here is a look at the drivetime from the bridge into the city, under 30 minutes. jobina: n

elon musk has completed his takeover of twitter.e wasted no time firing four executives, including the ceo. he says he wants more free speech on the platform. that may mean a donald trump comeback. reporter: from avid user to its largest shareholder, a new era began for twitter as elon musk to control. in his first post after taking over, the ceo wrote, the bird is freed. an apparent not to his wish to see fewer limits on what users can post. elon musk, who describes himself as a free speech absolutist, says he wants every free speech about on twitter. critics fear it this could allow hate speech and disinformation to spread. among the first to react to the buyout, was the government. >> we will closely watch all the possible changes to the platform in the coming months. we will draw our own conclusions. that could lead to asking ourselves whether we want to remain present on twitter or not. reporter: cap european union officials are also watching closely. one responded to elon musk's tweet, saying in europe, the bird will fly by ou