base to 1 million active users. no small feat. the social media platform had 229 million daily active users according to its most recent quarterly results. mr musk s meeting with twitter staff came on the same day that a group of employees at another company he owns, spacex, denounced the flamboyant billionaire s behaviour as a distraction in a letter they sent to executives. let s get some reaction from daniel ives, managing director of equity research at wedbush securities in new york. dan, do you think by having this appearance and doing this video call he may have raised more questions than he answered? i more questions than he answered? more questions than he answered? ~ , ., , answered? i think this was the wron: answered? i think this was the wrong call answered? i think this was the wrong call at answered? i think this was the wrong call at the answered? i think this was the wrong call at the wrong - answered? i think this was the wrong call at the wrong time l wrong cal
calculations. twitter previously stated monetized active daily users stand at 229 million. this is problematic on public record they report earnings to wall street. the documents filed could be an issue if the numbers were wrong for twitter. todd: could be a huge issue, sec won t be happy with that. carley: she s flawless. todd: indiana taxpayers pay $549 million annually to host more than 100,000 undocumented immigrants in that state. ag todd rokita joins me. what makes up that $549 million figure? that is healthcare cost alone
headlines. tesla ceo, elon musk scoring a big win to root out boss on twitter. want tech giant have reportedly agreed to share internal data on spam accounts with the billionaire. until now, twitter has may wanted less than 5% of the accounts are fake but musk disputes that number. last month musk tweeting his $44 billion to buy the platform will be put on hold until he verify that data. twitter has previously stated moneytizable active daily user span at $229 million. we re getting an update on the latest improvement to tesla s cyber truck. the vehicle, which is in a work in progress, will reportedly include a switchblade windshield wiper that appears to be hinge in the middle with two separate blades. it s said to be half the size of the previous model. tesla has not confirmed the design.
and we have got to talk about the future. this is pretty stunning, the personal savings rate being this low. as low as it s been in 14 years comes on the heels of the pandemic. exactly. people stayed home. they weren t going out to eat and buying clothes to go to the office. they saved money. personal savings for the first time in a long time start go up. now we are starting to see that people have spent through and blown through that money. blown through their stimulus checks and 4.4% in april was the lowest personal savings rate in this country since 2008. i will add to that. we are seeing high inflation 40-year high. also seeing debt go up. according to the new york fed, $860 billion in debt in this country in the first quarter. and 229 million new credit cards added. that says to me people blew through the savings and they are back to using plastic to pay for things. will: wow, so the president says americans are saving more reduced their debt and that is in your estimation.
according to data released by the federal reserve, credit card balances in the country reached $841 billion by march of this year. more than 229 million new credit accounts were opened in the first quarter of this year. charles? charles: jackie, thanks very much. let s get to bill simon, former walmart ceo. bill, you know the consumer as well as anybody else. you know what is happening with retail at this point. is this that inflection point where big box stores, they can t pass along the costs an consumers, maybe they can t afford to pay any more. hi, charles. no, i think there s a market overreaction here. i think what we re looking at is actually a healthy consumer. top line sales at most retailers were quite good. some retailers did a good job managing the cost changes. home depot had a good quarter. walmart and target are suffering a hangover from their covid