>> Dana: AS INFLATION BEARS
DOWN ON AMERICANS A POLL SHOWS
MORE THAN A THIRD ARE DISAIDE
WITH THEIR FINANCIAL SITUATION. THE WORST RESULT IN THE
THE WORST RESULT IN THE
SURVEY’S 50 YEAR HISTORY.
CHARLIE GASPARINO IS HEAR TO
TALK ABOUT IT.
A MONTH AGO GAS WAS $4.30.
IF YOU GO TO THE GAS STATION
EVERY WEEK AND SEEING THE CREEP.
IT IS NOT 5 CENTS.
IT’S 30 CENTS.
>> IT’S INSANE.
THE POLITICAL RAMIFICATIONS ARE
INTERESTING.
YOU LISTEN TO PRESIDENT BIDEN
AND HIS ECONOMIC TEAM MESSAGING
ALL WEEKEND EVERYTHING IS GREAT.
LOW UNEMPLOYMENT, GOOD GDP.
HEADLINE NUMBERS GREAT.
YOU SHOULD BE FEELING GREAT,
AMERICA.
EXCEPT THE AMERICAN PEOPLE FEEL
LOUSY ABOUT THIS ECONOMY.
IT IS THE WIDEST DISCONNECT
I’VE EVER SEEN BETWEEN WHAT THE
PEOPLE FELT ABOUT THE ECONOMY
AND WHAT THE ADMINISTRATION IS
TOUTING.
POLITICALLY THEY AREN’T GOOD AT
IT.
>> Bill: THEY DON’T KNOW WHERE
IT’S GOING.
RIGHT NOW IT IS ONLY HIGHER.
>> THAT’S PART OF IT.
INFLATION IS A TAX ON THE
WORKING AND MIDDLE CLASS,
REMEMBER THAT.
RICH PEOPLE CAN TRADE OUT OF IT
AND FIGURE OUT WAYS TO GET
AROUND IT.
POOR PEOPLE AND WORKING CLASS
PEOPLE CAN’T.
THE OTHER THING IS WHEN YOU
DRILL DOWN BEYOND THE HEADLINE
NUMBERS SOME OF THE UNDERLYING
STUFF IS NO SO GREAT.
WAGES AREN’T PICKING UP THAT
FAST.
IT’S NOT THE GREATEST ECONOMY
IF YOU BEAR DOWN AND GO BELOW
GDP AND GO BELOW SOME OF THE
HEADLINE STUFF.
I THINK THIS IS POLITICALLY A
HUGE PROBLEM FOR BIDEN.
IT DOESN’T LOOK LIKE IT IS
GETTING BETTER.
HE DOESN’T HAVE THE RIGHT
HORSES IN PLACE TO MAKE IT
BETTER.
>> Bill: THAT’S MAJOR POINT.
>> BRIAN DEESE AS THE HEAD OF
THE NATIONAL ECONOMIC COUNCIL
TO HELP DEAL WITH INFLATION IS
THE REASON WHY WE HAVE
INFLATION.
HE IS AN ENVIRONMENTALIST ON
STEROID.
HE DOESN’T WANT TO DRILL.
HIS JOB ON WALL STREET HE RAN
ESG INVESTING.
ENVIRONMENTAL STUFF.
AT BLACK ROCK HE BROUGHT THAT
SAME MINDSET TO THE WHITE HOUSE.
HOW CAN YOU TRUST HIM TO MAKE
THE PROPER CALL ON HOW MUCH WE
SHOULD DRILL?
>> Dana: YOU CAN’T.
ALSO SECRETARY OF THE INTERIOR
AS WELL.
WANT TO ASK YOU ABOUT ELON MUSK.
THIS IS THIS WEIRD ROMANCE
BETWEEN ELON MUSK AND TWITTER.
ARE THEY DATING OR ARE THEY ON
A BREAK?
WHAT’S GOING ON?
THE LETTER YESTERDAY.
MR. MUSK BELIEVES THE COMPANY
IS ACTIVELY RESISTING AND
THWARTING HIS INFORMATION
RIGHTS.
A BREACH OF TWITTER’S
OBLIGATIONS.
HE RESERVES ALL RIGHTS
INCLUDING HIS RIGHT NOT TO
CONSUMMATE THE TRANSACTION THAN
AND HIS RIGHT TO TERMINATE THE
MERGER AGREEMENT.
>> HE IS GETTING COLD FEET I
THINK.
LISTEN, HERE IS THE THING.
I THINK HE SEES THE ECONOMY.
HE SEES THE UNDERLYING NUMBERS
AS BEING VERY WORRISOME FOR HIS
MAIN BUSINESS, TESLA.
HE SEES WAGES ARE GOING DOWN,
FED IS RAISING RATES, COULD HIT
A RECESSION.
BAD FOR HIS MAIN BUSINESS WHICH
IS TESLA.
HE NEEDS THAT STOCK, TO USE
THAT STOCK TO PAY FOR THE 54.20
PRICE, $44 BILLION TO BUY
TWITTER.
HE IS TAKING A HUGE HIT ON HIS
STOCK AND LOOKING FOR WAYS --
WORD ON THE STREET IS HE WOULD
LIKE TO RENEGOTIATOR GET OUT.
ONE THING I WILL MAKE A POINT.
I DON’T THINK TWITTER HAS MUCH
OF A CHOICE HERE.
THEY WILL BRING -- THIS IS A
$20 STOCK.
IF HE CAME BACK AND SAID I’LL
GIVE YOU $28 THEY MAY HAVE TO
TAKE IT.
>> Bill: HE STUCK AND MOVED A
LOT FOR FIVE YEARS ON TESLA.
HE WAS IN THE HEADLINES EVERY
DAY IN THE "WALL STREET
JOURNAL." AND SO IT’S THE SAME
THING WITH TWITTER.
YOU DON’T KNOW WHICH WAY HIS
MIND IS GOING DEPENDING ON THE
DAY.
SEE A CREATIVE GUY AND WE’RE
SEEING IT PLAY OUT PUBLICLY
AGAIN, I WOULD ARGUE, WITH THIS
DEAL MUCH LIKE WITH TESLA.
>> OR HE COULD JUST BE SCARED.
NET WORTH IS EVAPORATING.
I THINK PEOPLE ASSUME TOO MUCH
GENIUS OUT OF THIS GUY.
I THINK HE IS SMART OBVIOUSLY.
CREATED A GREAT COMPANY.
A TECH GUY.
BUT, YOU KNOW, RIGHT NOW IT
LOOKS LIKE HE IS A LITTLE BIT
DESPERATE.
IT LOOKS LIKE HE IS TRYING TO
WEASEL OUT OF THIS THING
BECAUSE HIS OWN STOCK IS
GETTING CRUSHED.
>> Dana: HE HAS EXPOSED ALL
THESE STORIES ABOUT TWITTER.
>> HE HAS EXPOSED THAT THEY ARE
A LEFT WING NEWS ORGANIZATION.
>> Bill: NICE TO SEE YOU.
DANA AND I TALK A LOT ABOUT THE
LACK OF CREATIVE IDEAS FROM THE
WEST WING.
YOUR POINT IS WELL TAKEN.
THE SOLAR PANELS AND TARIFFS IN
SOUTHEAST ASIA.
GOOD FOR YOU IN TWO YEARS ONCE
YOU GET THEM SHIPPED AND
INSTALLED.
>> Dana: THE STATEMENT
YESTERDAY ABOUT GAS PRICES IS
WE HAVE NOTHING FOR YOU ON THAT?
>> Bill: THE QUESTION YESTERDAY
WHAT DO YOU HAVE FOR GASOLINE?
WE HAVE NOTHING TO PREVIEW.