in twitter from $20 billion to $6.55 billion. that means it owns just under what s half of that, half a percent or around a third of a percent of twitter. 6.55 billion does bring its valuation then of course to a very low number. it makes it around a third of what twitter was worth around seven months ago. of course they hired a new ceo that has been brought to the company. the hope is that twitter will then be able to gain more money. elon musk has said at this point he does see it gaining a whole lot more money and perhaps being cash positive. whether that really happens, well, we ll certainly see. yeah, we ll see. there s always a sense musk overpaid and its value has been reduced by two-thirds. that s an extraordinary number. cnbc s arabile gumede, live from london, thank you as always. return overseas. russia has ramped up its attacks on ukraine s capital. we ll have the latest on the war and what might be prompting this
done here is he s laid out the table. $30 billion in defense spending and a lot of money for border protection. in that money for border protection, he had $1.55 billion. now? he hasn t shifted that saying i need something on the border in terms of structure. what about repairing and replacing some fencing that is there? they have some fences in california, just outside of san diego. they are falling apart. he could rebuild those. and then kick back over actual bricks and mortar. that will start in september. we are going to take it around the table. bob will kick us off. rush limbaugh, if trump caves trump is realizing one thing. he has all these supposes successes.
$30 billion in defense spendingp and a lot of money for border protection. in that money for border protection, he hadf $1.55 billion. now? he has shifted that saying i need something on the border in terms of structure. what about repairing and replacing some fencing that is there? they have some fences inin california, just outside of san diego. they are falling apart. he could rebuild those. and then kick back over actual bricks and mortar.r. that will start in september. we are going to take it around the table. bob will kick us off. rush limbaugh, if trump caves trump is realizing one thing. he has all these supposes successes. buy low-hanging fruit, by signing executive orders.
we ve done a lot to reduce over the years, particularly in the 2001 tax cuts of president bush to reduce the tax rate on individuals, particularly lower and middle income individuals. if you cut those tax rates, you re going to get some economic feedback. the effects will be felt throughout the american economy pretty dramatically. most, if not all of this tax cut will be paid for, but it will have a huge impact on the economy and could drive us above 3% growth by 2018 and 2019. and jon: have to ask you will quickly about the wall. president said he is no longer wedded to the idea of the $1.55 billion in the budget to build the wall. the democrats were threatening a shutdown of the government over it. the presi
air traffic controllers will stay on the job and social security and medicare payments will continue and the fbi will remainly staffed if there s a shut down. back in 2013, the cia did put some employers on paid leave. john roberts is on the north line. is the white house what is the white house saying about the budget battle? they re working hard, shep, to try to cut a deal with the democrats to avoid a government shut down. that i have 4 1/2 days left to do it. midnight friday. portions of the government will run. the president doesn t want an exclamation point on the end of the first 100 days. two things he wants in the spending bill, $30 billion in additional spending for the pentagon for military and a lot of money for border security. some of that money will go to border patrol agents, some ice agents and $1.55 billion will go to the wall. the democrats, as you pointed