republicans who never voted for a debt ceiling period. to govern is not easy. i don t want to be on the wrong side of history. can you get it done without them? yeah, we ll get it done without them. democrats expect the speaker to produce at least two-thirds of his conference, john, that s about 150 republicans and they will fill in the rest. we have started to see some democrats fall off as well, the biggest being progressive chair woman jiapal, and i asked hakeem jeffries, is it a poison bill, fracturing his conference? conference is not fractured at all, had a very conversation earlier today. unity is different, we are going to make sure we avoid default and unified as we move forward building an economy that works for everyday americans, from the middle out, and from the ground up. so john, we are expecting
that he is doing a lot of stuff for attention, jonathan. i m with you on that. in terms of how the board reacts after being told that if musk owns the company, the board salary would be reduced to zero. they didn t take it that well. and he said he could save $3 million for the company by doing that and a poison bill the board says and they could flood the market with shares if musk buys the company without they re professional and then it would give them more time to find a meyer and offering more money than musk and it seems like a high price to play but private equity potentially is one, jonathan. more headlines from emon musk i m sure, i am sure. thank you very much. still ahead, from mask mandates to president biden s revival of his domestic agenda. we ve got a lot to cover with white house deputy press secretary craig meagher joins me in a moment on way too early. .
twitter is fighting a hostile takeover. billionaire, elon musk wants to buy the social media giant and members of twitter s board who once offered musk a seat at the table are squaring off with musk now. tech billionaire, elon musk facing resistance tonight in his fight to rule the twitter verse. the social media giant now fending off musk s $43 billion bid with a business maneuver called the poison bill. they are strengthening their defenses against musk buying the company. if his shares grow to 15% or more, the poison bill kicks in and the company makes discounted stock available to others to
tactic utilized by the company that is targeted, so in this case twitter, if they were to use this, to prevent or discourage a hostile takeover, that s what elon is trying to do. the poison bill allows existing shareholders the right to purchase additional shares at a discount and then effectively dilutes the ownership interest. so a saudi arabia prince says this undervalues twitter, he owns 5% of the company. he could purchase more shares at a discount and that would dilute elon s ownership. and twitter can dilute shares to make them worthless. if twitter were to do this, this shows how much they don t want