charlie, thank you very much. charlie gasparino. so what do twitter employees have to say about a musk takeover, and what should rank and file shareholders do when the stock opens for trade on monday which dan ives telling fox business moments ago the stock could very well gap down. market watch senior reporter john schwartz has spoken directly to twitter employees one of whom, john, calls musk's offer shabby. what are they saying? >> i mean, essentially what charlie just said, i'm going to repeat a couple of things he just said. basically, culturally and politically this is a bad fit according to the rank and file, the idea of elon musk taking over. think about this, twitter is a very methodical company. it's been methodicalling in terms of its growth and what they've done with product. and for someone like musk with his controversial image and percent ifalty -- personality, his disrupter kind of attitude, it's a bad fit. i think with twitter in a sense it's kind of on this even methodical path, and this throws everything up in the

former commodity futures trading commission chairman christian carl ox is here with charlie gasparino to explain how this would all work, you need to hear this but let us begin with a fox market alert traders having a morning after with the dow showing a swing of 462 points from peak-to-trough, and we're kind of still stuck in the trough here we're down 51 points for the dow if you look on the intraday charts you can see the reversal particularly on the nasdaq. take a look at that one after hitting a session high of 273 points, just after 2:00 p.m., boom. to the downside it reversed an early rally and pinned on hopes that inflation had reached its peak, but the consumer price index, which came out 8:30 a.m. this morning, nothing changed between 8:30 and now, except people woke up and realized wait a minute wait a minute. the actual number of 8.5% year-over-year is higher than the estimate. that means that we are seeing inflation continue to climb and now it's at the highest since december of 1981, but former dove federal reserve governor ly ell brainard went full on hawk telling the w

>> you're a clown, charlie gasparino. sad to see the apes even felt sorry for you. you're a disgusting human who deserves no sympathy -- liz: you did get some numbers wrong yesterday, charlie. >> which onesesome. liz: oh, you got the gold, we got the shaft, as if the shareholders. since that deal was announced, stock has -- >> how do you know it's going to be long-term good? liz: well, how do you know home depot's acquisition of a certain company -- >> well, home depoe generally buys nailses and and home fixtures. adam went out and bought a gold mine. liz: okay, well -- >> i'm going to give adam the benefit of the doubt here because he has made money off this deal, flight and, you know, he was a whole business model that they think this deal because they bought it at such distressed levels that this is going to work out long term, okay? here's what's interesting about that deal in the context of what's going forward. what fox business has learned is adam aron is going to go to his board and say we want a shift in our business model. we're not getting out of the thea

charlie gasparino following that. by the way, elon musk himself touched on this friction that he's had with regulators at this big pow-wow going on in vancouver. look at this. >> the sec knew that funding was secured, but they pursued an active public investigation nonetheless. at the time tesla was in a precarious financial situation. i was told by the banks that if i didn't not agreed to settle with the sec, the banks would cease providing working capital and tesla would bankrupt immediately. that's like having a gun to your child's head. i was forced to concede to the sec unlawfully, those bastards. and now it makes it look like i lied when i did not in fact lie. >> neil: all right. you can sense a grudge there speaking at the ted conference, the technology, entertainment and design conference in vancouver. bill gates there, al gore there. even the prime minister of finland is there. we'll get into that a little later. she's under enormous pressure from vladimir putin to not join nato. that's a separate issue. whet

we're back with charlie gasparino. why did the brass think that people would pay for a streaming service that has the same service you see an a colors doing on the air? ? -- anchors on the air. >>some. >> axios reported that last week, two weeks ago fox business was saying the same thing. i think -- and the reason why i knew this was going to be a dismal start is because people internally were saying it. they just didn't think this was a -- very good service. with zucker gone, he was kind of the rabbi for this thing, you know, it kind of lost its way, i think. and, you know, listen, this is easy low-hanging fruit for david sasse solve, the new that head of discovery which bought warner media and cnn because, you know, he has $4 billion in cost savings, and something like this is easy to cut right now. howard: right. you do get ankerson cooper's -- anderson cooper's parenting tips. but sin you brought up zaslav, hundreds of millions of dollars have been invested. >> yes. in any merger there's going to be cuts, but i thi

charlie gasparino with us right now. yeah, could there be -- you and i were briefly discussing in washington what's going on, republican, democrats, you know, both want to chat with elon musk. any possibilities this couldn't go through? >> i think it's zero based on the lawyers that i've spoken to, and these are antitrust lawyers. look at it this way, he's taking it private. this is not -- it's not like he has other social media platforms, so it's not what's known as a horizontal -- alameel: got it, got it. >> not vertical, it's just different. he would have to stretch the law. this is all sound and fury signifying nothing. neil: if he were to take it private, that's the goal, would there be more scrutiny? >> no, because he doesn't have another social immediate immediate -- social media -- to listen to, like, elizabeth warren talk about, you know, democracy, no offense to elizabeth warren, she needs a little refresher course on how capitalism works. there's no payoff at the end. jack dorsey and the other guys, i can't re

charlie? charlie: well, liz, let me just point out that it sounds like it's the quiet before the storm today. the stock is up like 6% i believe right now, but behind the scenes there's a lot of activity and here is a small piece of the puzzle that i'm getting that may foreshadow something bigger going forward. i have plenty of sources at the big private equity firms, kkr, blackstone, apollo, you name it, i know people at all these places. every one of those firms, from what i understand, are crunching numbers about potentially joining musk's bid or at least being part of something that comes down here, because they think this thing is in play meaning twitter. joining musk's bid be or playing at least sort of the indication i'm getting now and who knows there maybe more direct at some later point where they actually bid for it, but that's not what i'm hearing now. what i understand is that they're looking to play a role in the debt financing of the acquisition. that elon yes he's worth 250 bill

you should come on this show and fight with charlie gasparino -- [laughter] because he has no respect for them. and i'm kind of tired of it. charles: yeah, yeah. we've had enough run-ins already. his position is intransgent and so is mine so, you know, maybe i'll come in and just have a chat with you one day. liz: okay. you look like you could take him on. [laughter] let's make that quite the chat. charles: see you later. liz: so many stories coming to a head including disney which, by the way, is extending losses on breaking news. and, of course, investors hoping the merger of warner brothers and discovery would mean the creation of a top sprinter in the streaming race. well, they are fleeing the track right now as we kick off the final hour of trade. in a streaming shocker, wbd, yanking the rug out from cnn cnn+ less than a month after its debut. charlie has late-breaking details. market's got a reversal as fed chair jerome powell invoked the 50 basis point interest rate hike prospect as soon as the may meeting. so we've got the major averages to the downside. dow jones industrials

first to report this on "the claman countdown" yesterday was charlie gasparino. he joins us now with more. what have you got now? >> first report -- and first, to get ripped off by the wall street journal. what can i say? imitation is the sincerest form of flattery. i used to have a joke about they couldn't wear a certain athletic supportive device that i use every now and then, but i'm going to refrain from that, because i'm in the presence of a lady. but in any event -- [laughter] liz: who would that be many. >> that's definitely you. in any event, here's what we know. you could say the chock is ticking on this. i think at some point elon musk going to have to make sure, you know, he's not all hat, no cattle here and come up with some money. "the new york post" just reported that he's thinking of putting in $10-15 with. -- billion. i don't see that as a major development because he would have to to attract debt financing. people want to make sure there's real money behind this if they're going to supply with debt. what we do know, liz, is there are private equi

ow howe i spoke with charlie gasparino, southeastern reporter at fox business network. welcome. >> thanks for having me. howard: earn etch's acting as if elon musk is already running the place. sure, he has clowpt, but wouldn't he have to mount a takeover bid for it to be more than that? >> well, as someone who's covered this stuff for a while, and i've covered elon for a long time, his twitter exploits, you know, his business exploits, he's all over the place, he's a larger than life personality. i think one with of the reasons why people think there will be changes there not just because he has a 9% stake -- which is the biggest stake, let's face it. he's on the board. he's not purely a passive shareholder here. he has this presence, and i think that presence plus being on the board plus owing -- owning 9% means that he'll be able to get stuff done. that's what he, that's why he's there. it's interesting that they, you know, let him come on without a fight. i think that -- howard: they're trying to make nice. >> well, you know, listen, howie, this is more than just a

neil: charlie gasparino the best in the business. were beginning to note the big games for the 28 points we have a lot were covered up including what's happening with oil prices after this. matching your job description. visit indeed.com/hire this is remington. he's a member of the family, for sure. we always fed him kibble ♪♪ get started at longlivedogs.com neil: as horrific the ukraine war has been for 45 plus days it's been going on we are entering a phase president zelenskyy said could make all that stuff pale by comparison. michael walks with us right now this is on the house foreign services committee of former green beret commander you do not miss with this guy. i'm always happy. by asking tough question he cannot hit me. always good to see you. thank you as always for your service. the your thoughts on where this word stands. it is a groundwork in the place to put into advantage and went to the ukraine's need in your eyes? >> i think president zelenskyy is right at about to go from awful to worse. the russians are concent

thank you very much, charlie gasparino. i probably would wager on char ally in a bet like this, but i'm not going to give up. all right, let's go to the constitutional law attorney not on tesla, but i do want to talk about, katie, what's going on with disney and this fight that it's having right now with governor ron desantis who might be scoring points politically for taking away some special exemptions and privileges the company enjoys, but now we're told might be a big legal hurdle to climb. counties involved that would have to bear the cost of a separation are looking at big tax increases, now some are saying that the golf can't even do this -- governor can't even do this. first of all, can he do this? >> well, i think you're right that a governor desantis made move as a symbolic political move to tell corporations if you're going to get involved in political issues, there's going to be potential consequences, and that doesn't just fall on one side of the aisle. hobby lobby and chick-fil-a had it on the other side of th

fox business is charlie gasparino predicted this would happen weeks ago. in response to t that , the spokesman over at cnn, mark dornoch, wrote back and scolded him, quote, for the record, we are very happy v with the launch of cnn..mb plus,ra they're bracing for a long run of success where viewers didn't agree even those cnn plus went on to air severaln bombshell exclusive interviews including one with tony fauci f where he said he's four masked man h and yet weirdly nobody watch charlie gasparino called it right. he's a reporter for foxsi business. our friend joins us tonight. charlie, have youne gotten h coe machine on apologizing? i'm not holding my breath either. you know that i have a deal with flacks complaining about my stories years was they werear in the trump administration. they were the biden administration were all over wall street. so mr. dornoch just get online. you know what can i tell you the interesting thing here, i think, tucker , is why they ever thought this thing was ever going to work. you know, think about it. cnn's program and i

charlie gasparino on that after this. trelegy for copd. ♪ birds flyin' high ♪ ♪ you know how i feel ♪ (coughing) ♪ breeze driftin' on by ♪ ♪ you know how i feel ♪ copd may have gotten you here, but you decide what's next. start a new day with trelegy. ♪ ...feelin' good ♪ no once-daily copd medicine has the power to treat copd in as many ways as trelegy. with three medicines in one inhaler, trelegy helps people breathe easier and improves lung function. it also helps prevent future flare-ups. trelegy won't replace a rescue inhaler for sudden breathing problems. tell your doctor if you have a heart condition or high blood pressure before taking it. do not take trelegy more than prescribed. trelegy may increase your risk of thrush, pneumonia, and osteoporosis. call your doctor if worsened breathing, chest pain, mouth or tongue swelling, problems urinating, vision changes, or eye pain occur. take a stand and start a new day with trelegy. ask your doctor about once-daily trelegy. and save at trelegy.com. we

charlie gasparino on that. another guy, larry kudlow and his hit show, i wonder what larry thinks of this, the markets racing from maybe rate hikes that are going to be a lot more, a lot bigger and last a lot longer than we thought. larry's coming up. ♪ ♪ jessica was born to care. she always had your back... like the time she spotted the neighbor kid, an approaching car, a puddle, and knew there was going to be a situation. ♪ ♪ ms. hogan's class? yeah, it's atlantis. nice. i don't think they had camels in atlantis. really? today she's a teammate at truist, the bank that starts with care when you start with care, you get a different kind of bank. i'm mark and i live in vero beach, florida. when you start with care, my wife and i have three children. ruthann and i like to hike. we eat healthy. we exercise. i noticed i wasn't as sharp as i used to be. my wife introduced me to prevagen and so i said "yeah, i'll try it out." i noticed that i felt sharper, i felt like i was able to respond to things quicker.

let's get the read on this from charlie gasparino. charlie, i've sure you've been working this deal for quite some time. now it's done. there's a big task ahead. what do you believe he does now with this company? >> i've said it's his if they want it. here's what the advisers had. the last nine years, because i covered it, twitter has been looked at by everybody and they passed. twitter doesn't make any money. they have a lousy cash flow. the only person that can buy twitter and trust me, they need to be bought was a rich gazillionre that needed to take a chance. so they had to take this deal no matter what. there was not going to be another bidder. all that private equity stuff that is out there was nonsense. private equity may fund some of the debt but not the equity. here's what's good about this. shareholders are finally getting paid. okay? that's a good thing. 30% premium or something like that from where they traded before elon started -- >> martha: it's bigger than that. it's 38% since april 1 before all of this started. >> yea

let's go to charlie gasparino following all of these as well. charlie, what are you hearing from pros? we're closing the day roughly at session lows. that's not good. what do you think? >> neil, we should point out the young new investors, the new generation of investors coming to the market have never seen a bear market. they have come as amid markets continually going up and the massive amounts of stimulus during covid that propelled them enhigher. they could be the so-called bag holders here when this stuff hits. if you look at everything, just take everything into consideration here, corporate profits are slowing even before the fed has announced its rate increases. the long bond, the bonds are -- yields are rising. that's less of an incentive to buy stocks. you have problems in china. you have now the fed talking about more inflation than before and maybe a 75 basis point increase in the fed funds rate. there are a lot of reasons to sell. because of all that, you know, you get people revaluing stocks. netflix is no longer valued as somethin

thank you very, very much, charlie gasparino what is going on. >> i like the homeless shelter maybe we can get the guys off the street. >> what do you think happened. >> what if you looked at the requirements and realize he has to go to meetings, he doesn't seemed like a meeting guy. >> i think he does want to increase the stake a little bit more. >> you limited at 15%. >> 14-point something, i'm just asking ceos what they think, i think it kind of makes sense, he wants to push them to do certain things, it is hard to do that if you were on the board. if you were on the board you have fiduciary responsibly to the shareholders and you start doing stuff that attacks the company theoretically hurts the stock price, you could be sued, you are open. >> that is why the board wanted him. >> to keep him quiet he does not have to be quiet. the other thing that was happening at this time, democrats in congress were clearly targeting him, i got this from my sources on the hill were saying there is lots of talk among democrats, maybe investigating and raising issues with past statements and whethe

i would not have seen that one coming charlie thank you very much. charlie gasparino. well you probably look at rocket ing meat prices and wondering and i have a bone to pick with my grocer. see what i said? well, guess what? now you have another bone to pick, because they are higher still, after this. trelegy for copd. [coughing] ♪ birds flyin' high, you know how i feel. ♪ ♪ breeze driftin' on by... ♪ if you've been playing down your copd,... ♪ it's a new dawn, it's a new day,... ♪ ...it's time to make a stand. start a new day with trelegy. ♪...and i'm feelin' good. ♪ no once-daily copd medicine... has the power to treat copd in as many ways as trelegy. with three medicines in one inhaler, trelegy helps people breathe easier and improves lung function. it also helps prevent future flare-ups. trelegy won't replace a rescue inhaler for sudden breathing problems. tell your doctor if you have a heart condition or high blood pressure before taking it. do not take trelegy more than prescribed. trelegy may increase your risk of thrush, pneumonia, and osteopor

neil: if you're really betting against charlie gasparino you're probably making a big mistake but i'm going that way. i'm going that way. all right meanwhile, bitcoin, is all the rage right now and has awful time, it's not benefiting from the market craziness well under 40,000 a lot of people thought with the craziness it be backup to 60,000, that didn't last. nevertheless, it is getting more mainstream and plans to include it, as a bitcoin in 401 (k) plans and the like, the department of labor, of course the government is saying it's not a good idea. i look at that saying anyone from the government lecturing me on what i can and can't invest and do with my money that's a little weird but they that as it may, natalie barnell is here, the podcast host. natalie the government is getting very concerned about this , but isn't that fidelity's right, investors right, if they want it, there it is. if you don't want it you don't have to have it. >> that's absolutely right, hi, neil, thank you so much for having me and the u.s. labor department they should be more concerned with all the debt u

he can trade in total stock, a combination, charlie gasparino brought that up in a tweet earlier but i think it will take a long while, it's not going to happen very quickly, there's going to be a lot of people out there coming at it the certain way, somebody overnight started talking about it and it is all coming down to free speech which is front and center, a ton of people think there's a crisis out there. that is how parlor came out, rumble to compete with youtube for more free speech. neil: none of them have done weld whatever your views on social media but certainly they have not been successful financially. that could change, could take a while, what do you make of that? >> they are a fly on an elephant's you know what as of this moment. when you get out front and center, when your twitter or facebook which changed their name, tough to compete and you are seeing in droves you don't even hear it and the president - the truth the came out, not working well also. it is a rough road to compete with these behemoths and twitter does know that and that is one thing in their favor at

charlie gasparino, thank you very much. i want to go to jason furman now, former obama economic council chairman, harvard professor, much, much more. a great piece in the "wall street journal"ed today stating the obvious. obviously, prices are running up, the but the more they keep running up, the more it's going to hurt the wage situation. jason, good to have you. i just want to go to the end of your column in which you say in addition to spurring inflation that outpaces wage growth moving from a hot economy to an overheated economy can also threaten the stability of job growth itself. you could argue we're right there now. >> absolutely, neil. look, i'm someone that believes in a low unemployment rate. i like the idea of running the economy hot. but, boy, did we throw every log on the fire at once, you know, and almost start to burn the house down, and that's not a good way to go about it. neil: so, you know, larry summers has been concerned, former treasury secretary for bill clinton, and obviously this is the danger now

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let's go to charlie gasparino. the only other interested player is the private equity firm that's apparently kicking the tires around. i don't see much coming from others. maybe that could happen. what are you hearing, charlie? >> i'm sure people are crunching the numbers. i mean, i reported early on that there could be a bidding war here to some extent. the problem with private equity involved in this, neil, is that it is a horrible deal for private equity. i mean, twitter if you look at its balance sheet and its financials, it is not growing. i mean, it's not making a ton of money. it is growing in terms of users but not throwing off a lot of cash. i think private equity usually likes a lot of cash. when you start pulling this thing apart to say who might really bid on this, or who could match an elon musk bid, even at $58 or whatever it is today, is it $54.80 >> neil: 54.25. >> there's not a lot of people that are going to put that money up. i don't think there's anybody else. that's my opinion. i'm just a simpl

charlie gasparino joins us here in new york. good evening, charlie. >> thanks for having me. >> bret: thank you for being here. listen, the elon musk story just gets a lot of eyeballs. it really does. >> he's -- >> >> bret: interesting character. >> unique, yes. >> bret: explain to people his move going off the board. >> he bought the 9% stake. they tried to bring him on the board. i guess they tried. it's a good move for them because if he is on the board, he can't attack the company. and, you know, elon musk, in recent years has made, you know, made a lot of headlines attacking twitter going too woke and other issues involving his stock. listen, i really believe that if he were on the board, he would probably try to reinstate donald trump. now, my guess also is twitter received some pushback from its woke workforce to get him off the board. so there is a lot of countervailing things here. bottom line is this. he is not on the board now. he can tweet whatever the hell he wants. he does not have that fish you're responsibility t

that was after an exchange that charlie gasparino had on fox business. the richest man was watching that segment or we like to flatter ourselves. maybe making an overture to president trump to come over to twitter. all is different. all is better. all has changed. madison alworth on that and what is going on with how a lot of folks are digesting big changes to come. madison? >> hey, neil. yeah, the americans that i have spoken to here in times square, they're excited by the idea of elon musk taking over twitter. the electric vehicle and space entrepreneur says he wants to make it the public square again and open up access. he has to do a lot of work to get that done. if you take a look right now at the platform, 10% of the users make up 92% of the tweets on the platform. that is up from just 80% of tweets a few years ago. so moving in the wrong direction in terms of access. the minority on the platform is the most outspoken, not too dissimilar from the critics of musk that are very outspoken of this move tfrment reality is, when you talk to americans in

speculation now abounds as to what musk's next move is and what w of it all charlie gasparino has been talking to some of the street's rainmakers revealing what the they are saying and speaking of billionaires, billionaire investor and milwaukee bucks co- owner mark lazrie made a bet during the covid-19 pandemic that sent his fortunes flying high and if you listened to him on this show back in september 2020 you'd be up 33%, but as fed stimulus goes down and interest rates go up, the ground is again shifting beneath wall street. what is the trade now in this new environment? mark lazry joins us live on how he plans to shoot his next financial three-pointer and as china contends with its biggest covid outbreak since the start of the pandemic manufacturing and export hub shanghai is under an indefinite citywide lockdown. we discussed the impact with the ceo of the largest u.s.- based dry bulk shipping company whose stock has more than doubled over the past year but first fox market alert you can call it a liz: people are not really noticing that this 10 year bull market is really kind of

gasparino. dick so good to have you here. right off the bat i have to ask you what's going on here because this does not look good for the spac way of life. >> well, liz, first, thank you for inviting me. it's great to be back with you. liz: thank you. >> and of course with charlie. charlie: do i get that sanitation commissioner post any time soon, dick? >> charlie? when i'm elected mayor of new york, it will be yours for the taking. charlie: you know, you know -- italian-americans have a very very strong connection with the new york city sanitation department. my father, no it's true. my father, my uncle worked for them. i went to a university like you and that's how we escaped the sanitation department. liz: so dick, should spacs go by way of the trash can, the whole concept, what is happening here? >> well, from an investor point of view, they've been a disaster , liz. just this first quarter of 2022 they're down 27% and if you look at the peak in 2021, they are down 65%. its just been one of

fox business of asterisk charlie gasparino was reporting that "as elon musk offers to buy the rest of twitter, a legal source tells fox business that the sec and the doj have launched what he described as a joint investigation into a myriad of musk regulatory issues, primarily involving tesla." in other words, threaten to allow people to speak freely and we will crush your businesses. that's third world behavior. at "the washington post," owned by also one of the richest people in the world, very much supports stopping even musk. in fact he tells us he must be silenced in the name of democracy. "i'm frightened of the impact on society and politics at elon musk acquires twitter. he seems to believe that on social media anything goes. for democracy to survive, we need more content moderation, not less." really? so for democracy to survive, citizens and the democracy need to talk less, need to express their opinions more guardedly, need to shut up? what kind of democracy are we talking about? it's not democracy as the athenians are the founders of this country understood it. democracy is

charlie gasparino is here. they always launch investigation s what's going on now? charlie: well this is reaching a stage where they're about to charge. at least that's what i'm hearing from legal sources, and my wall street contacts and here is what we know. what is a block trade? a block trade is a huge amount of stock that a wall street firm goes out and sells to other players. when it does that, it usually has to figure out a way to tell people, are you interested in buying in a way that doesn't suggest that you're getting inside information that you can short the stock. it's not that easy, trust me on this. the biggest player in this is morgan stanley, the second biggest player is goldman sachs. there are others that are involved. this is what we understand the justice department is looking at but this is mainly the sec. i don't think there's a criminal case here at least i'm hearing this is mainly just the sec a civil case. they are looking a the whether morgan stanley may have tipped off its top clients to these trades, hedge funds. tipping them off saying es

charlie gasparino is here. we have the poison pill from twitter. now what is his plan b? >> well, you know, neil, i can say what bankers are telling me he plan b is. it's all over the place. he can just walk away. sell his stake and say i'm done. it's a possibility. we don't know what is in his head. he could play with twitter. that poison pill is not that complicated. it's diluting shareholders enincluding current shareholders. it's not very good. monday expert shares of twitter to tank. musk could increase the state to 14.9% and not, you know trigger the poison pile and said hey, i said 56 a share. how about 60? the board would be hard-pressed the to turn that down the something that jack dorsey said as susan just alluded to. twitter has been for sale and i've been covering this literally the minute it went public. disney passed, sales force passed. it's horrible for private equity, i don't care what real bravo the thinking is. doesn't have cash flow. that's bad. they like companies with private cash flow that they can pay off debt and use that and rebuild the company a

let's get to charlie gasparino. let's go to what elon musk said free speech is on his twitter page, kind of makes sense by free speech i simply mean it matches the law he is a free speech absolutist that's what he wanted to buy twitter i am against censorship that goes beyond the law. if people want less free speech they will ask the government to pass laws going beyond the law is contrary too the world of people. i think what he's saying when i take this thing over we are not going to allow illegal stuff to proliferate, we are going to allow opinion to proliferate and i think that is the balance that a lot of people say is needed at twitter. when i talked to wall street executives, when we first made the bid people think the elon musk is a little crazy and people remember him for his pedal guy tweet and for his funding secured. those were aberrations. they also know him as a brilliant guy. they also know that twitter is a real problematic business and what i've heard up and down the line today was simply this from

you should come on this show and fight with charlie gasparino -- [laughter] because he has no respect for them. and i'm kind of tired of it. charles: yeah, yeah. we've had enough run-ins already. his position is intransgent and so is mine so, you know, maybe i'll come in and just have a chat with you one day. liz: okay. you look like you could take him on. [laughter] let's make that quite the chat. charles: see you later. liz: so many stories coming to a head including disney which, by the way, is extending losses on breaking news. and, of course, investors hoping

let's bring in charlie gasparino on all of this on the most fascinating takeover. >> story of the century, a political and wall street story. we will stay away from the politics for a moment. here's the thing, the shares -- if we can get like a one-week chart, it would be really good. you will see how much the stock tesla traded off. it traded off because he's going to finance a large part of the 44 billion dollar bid. there we go. pretty significant. finance a large part of the 44 billion dollars bid with his own equity. >> cheryl: that's a 10% drop by the way. >> right, a large part, i think it's 21 billion in equity that he's pledged, that's the key word, for the bid. here's something interesting. traders are starting to hook up on now or maybe like pin their hopes, maybe being way too pollyannaish about this is that he's pledged it. that doesn't mean he will sell the stock. how that exactly works, i don't know. but here's the theory, he puts -- remember, he created like three shell companies recently. >> cheryl: yeah, in delaware. >> that's been out there. the theory is he doesn't rea

and in just moments, charlie gasparino's coming down. he's got news on whether the securities and exchange commission could again be standing in musk's way, this time to buy twitter. >>> we've got this breaking news, president joe biden giving his vision for economic renewal in the tar heel state, speaking at north carolina a and t university to a room full of students. the president highlighted efforts to rebuild supply chains, lower inflation and improve u.s. competition. the speech comes as the biden administration ramps up pressure on congress to pass his bipartisan innovation act and bipartisan infrastructure law. let's get to edward lawrence live from the white house, and speaking of bringing down inflation, it's an interesting discussion with press secretary jen psaki yesterday that got quite a bit of attention. >> reporter: yeah, it was. i asked did the president take any responsibility for the inflation we're seeing now given his policies going back and forth, and they said -- they listed the whole range of things that we've bee

charlie gasparino just landed at the airport. he is calling in, he's got up to the minute details on this developing story, and the minute the stock begins to trade again, we will let you know. the buyout of the deal, $54.20 and what do we have here? we've got it at 51.63 at the moment again halted. meanwhile, we have seen a reversal of fortune in the final hour of trade, wall street has absolutely shaken off from the hangover of friday's worst trading day since october 2020, but earlier today, the dow was a mess. it was down nearly 500 points but look at it now, gaining 28, so pretty significant swing here , as we see at the moment plug power is giving walmart a lift as it seals a green energy deal, the plug power ceo is here live on how it plans to power the retail giant's fleet of hydrogen fuel fork lifts, everybody is talking about hydrogen cars and trucks, ev's these are fork lifts and boy is there quite an order in, plus billionaire ben weiss made an absolute fortune when he sold his buy drink company for $1.7 billion. now,

charlie gasparino, you're talking evs. we're right by the net jets display, and i know you're all about private jets. >> i'm going on a -- no, i'm actually flying commercial tomorrow. [laughter] liz: yeah. us too. >> yeah, yeah. here's how you know that musk is getting much, much closer to achieving his dream or his goal which is to take over twitter. you know, the $8.a 5 billion worth of shares gets him almost to that $21 billion number. i mean, that's the amount of equity he needs to put in. a lot of people believe all he has to do now is pledge shares against that, he doesn't have to sell anymore shares, or he can get other investors. so this is looking more and more doable despite the fact that we have been reporting, liz, about how the arbs out are there are saying he might not go through this, that's why the stock of twitter is not quite at his $54.20 bid right now. but still there's lots of signs that this thing is going to happen. the numbers are one of the facts that tesla didn't sell off too much the, the fact th

gasparino, aye been listening to his comments, we certainly have heard that it seems likely that all three services become one ike every-service -- uber-service under hbomax umbrella. liz: possibly. >> again, it all comes down to what's the strategy, and i don't think we know yet. in order to judge are you seeing a lot of disruption, i think that disruption executive wise is going to scare investors in the short term combined with sort of the technical pressure. so this is going to be under pressure. no doubt about it. over the course of the next few weeks. liz: right now it's down 3.3 3% even with this new announcement, down 2 -- 42% over the past 5 52 weeks. david saws love, he is a guy who is now being call, quote, mr. hollywood. this is not somebody with a track record yet like a lou wasserman or a peter guber in hollywood. plus the fact that, you know, he took over, what, in 2006? if you go back ten years, the stock is exactly even slightly below where it was ten years ago. how patient are investors going to be? how much time are they going to give him? >> look, discovery is not

charlie gasparino's hoppi

. ♪ neil: the white house played the piano that is a mood setter for charlie gasparino. we've been following very closely at elon musk he is the largest shareholder of twitter he made a billion dollars off of his investment always been invited to be on the board of directors. here is the thing this is total political. elon musk was going to put the pressure and that's why he blocked a passive aggressive. this is twitter proactively after he makes the investment putting them on the board. very smart they know what's coming from the republicans when they control congress twitter is going to be in the crosshairs they have somebody because elon musk is a thinker in the alleged biased. i'm sorry. it sounds like something better here to russia. it's something to blunt that whether it works out i can't tell you, leading up to this investment and being on the board he is good to be hypercritical of them throwing off the babylon the conservative. >> cassie said pushing to bring back -- >> we do not know yet that is the money shot if he tries to bring back trump did you know he ha

gasparino joins us right now. charlie: pay me, baby. i'll go. i'll go. neil: private enterprise, you and i were kids, charlie, who would envision this day where private enterprise is doing it. right? charlie: you remember sputnik. neil: that's fine, that's fine. charlie: [laughter] neil: i was just going to ask how you're feeling, what are you following today? charlie: today is the day that the discovery time-warner deal, warner media deal closes, neil. it's a big day, so it's a $43 billion merger and here is where this merger is going to get really interesting, because yes, there's more to warner media than just cnn but all eyes are on what's going to happen at the cable news network that was famously a foe of donald trump and people, its been criticized as criticized as too far right sometimes they are criticized as too far left and there's going to be some changes at cnn based on everything that we hear it's not the biggest part of the media empire but it's a part that david zazlov, the new ceo of discovery who

i want to go to my buddy charlie gasparino following these developments he was on long before anyone else, concerning cnn plus, the streaming service they are shutting down a little more than a month after starting it up. charlie, what are you hearing? what happened? >> i got the call today around 11:30 and my twitter page we were first to report, andrew forest, head of cnn digital was out and that a major announcement of cnn plus was in the works. the tell was that andrew morris, a long time media executive, jeff zucker's right-hand man. if there was a rabbi for cnn plus, was andrew morris. that was a tell they would shut down the whole thing. for week, you know, we've been reporting that the launch was horrible. it didn't sign up a lot of people. it was, cnn kept denying but the numbers don't lie. on top of that, you have to look at it this way, they're involved in a merger, right? cnn is part of warner media, that has been bout by discovery. they're merging it together. they have to get $4 billion of cost savings. probably the lowest hanging fruit in that whole, mess that david za

charlie gasparino here. good to see you in the flesh. my friend. you look terrific. >> thank you, thank you. so do you. neil: looks can be deceiving. let's talk about this. ing what's dimon saying here? >> let's unpack this. this is like a chorus of wall street guys, top ceos, larry fink of blackrock -- neil: that's right. >> coming out and saying the markets really are -- and investors, particularly retail investor s, you know, the smart investors are out there positioning and hedging, they're not taking this seriously. the fed is going to have to ratchet up rates pretty significantly going forward, probably 50 basis points swing in the next, in the next -- i believe that's in may. neil: next meeting they're talking about doing the same at the meeting six weeks after that as well. >> oh, yeah. neil: oh, okay. got it. >> and this could be much more significant than people are digesting it. and jamie is the latest guy to come out. now, why is it important for jamie and larry fink? i can tell you this, if there are two ceos out there that the fed, po

charlie gasparino making his final appearance here. [laughter] want to go to -- who can rescue us because pierre follows the housing industry, and he was talking about the interest rates and how that could play into maybe a rush for people looking to buy homes to do so now while the times are, you know, are looking good. that does seem to be the case, the latest housing starts numbers coming in stronger than expected and continuing to advance to multi-year highs. so, pierre, what's going on there? do you buy this? is this just a rush to take advantage of rates before they go still higher? what? >> neil, i mean, the first quarter of this year is indicative of the fact that there was a huge rush of demand for everybody wanting to get into the housing market given the fear of rates going up significantly and us potentially never seeing the 2%, 3% range ever again in our lives. and that high anxiety has driven a tremendous amount of demand which has kept up pricing, albeit rates have gone up 1-200 basis points9 in the last 39 months. so wh

david: mitch, i will talk in the next hour with charlie gasparino and others how the editorial content how that might change under the directorship of somebody like elon musk, but bottom line is, do you think the government, because they, so many democrats in congress and of course in the white house are afraid of elon musk opening it up, opening up twitter in a way it hasn't been by its woke management currently, do you think they're using the regulatory apparatus of the government to try to stop elon musk from taking over? >> well, elon musk has been fighting regulators, the sec for one for years. he isn't one to back down from a fight. so maybe they're amping that up a little bit. i do think that politicians, perhaps on both sides of the aisle are a little worried about elon musk but here's the challenge, does congress regulate social media industries and companies and deal with this, you know, arcane regulation about whether or not they are media companies or not, or do they let the free market solve this problem and i think what the left is most concerned about is a free market so

charlie gasparino, the best business reporter on the planet is looking into this. regardless whether he is serious or not, that is elon musk, it is not a slam-dunk he would get this, right? where does he stand with all the regulators? >> a lot of what we reported yesterday, the market today, that is why you have to watch fox business, "cavuto: coast to coast" gives you a lot of market intel and the market intel yesterday that we gave he is under mounting investigation, a joint investigation by the sec and the doj over a myriad of issues. there is -- neil: not all with twitter, right? >> twitter is just one part of it. his past stuff involving tesla, disclosures, whether he violated his consent decree with the sec he wasn't supposed to tweet certain things out or get board approval. neil: promises to behave. >> doesn't behave. you kind of like that about him but these are all regulatory issues that have, some of them are more serious. obviously promising to behave and not is slap on the wrist. give me five million. here you go, pal, go away. like a mobster. $20, lea

inflation -- charlie gasparino says it best, inflation is theft and people have to start making choices, it's not just inflation but gas prices. people living paycheck to paycheck, well, our budget can't afford x, y and z and maybe netflix is the x and hulu is the y. now we have to spend money to go back out again and this is the result perhaps. dagen: you mentioned cnn plus. so we have the newly merged discovery -- warner-brothers discovery, that's $58 million in debt. that's a shocking number. leo, how do you see it for the other streaming services whether it's the warner brothers discovery or does this hurt a disney or even an apple or even an amazon? >> well, i think there's a couple lessons to take away here. good morning, dagen. first, when you're in an investment environment where nothing can possibly go wrong in the future is going to be consistently higher, that doesn't always come true and so as we come out of the stay at home stocks, i think there will be challenges with users turning on the tv as opposed to going out and actually getting outdoors and taking their affects off

so on the topic of how deep the corruption goes, charlie gasparino pointed this out, here's a headline in the new york post, crazy elon musk making major push at twitter bid, but now facing federal heat. pointing out there's now an sec investigation, the timing of which is at least suspicious. the minute he makes a bid for twitter, the federal government's taking an interest in elon musk. >> first, the board tries to stop him. if they can't stop him, henning the apparent shareholders, like the institutions, etc., will try to stop him. if they can't, they then delegate the dirty work to the alphabet soup of the federal government bureaucracy, the sec at times works for institutions like blackrock where first they're passing esg rules that make into law the kinds of illiberal values that black o.k. and others have been pushing in the private sector. they're going to use the federal regulators to do the dirty work by saying he didn't file his 13-d correctly, an administrative paperwork where you own over 5% of a company and have activist intentions. they would not have gone after anybody