this deal ever really start? is was it ever really, well, real? did elon musk ever truly intend to buy out the company, and if he did, what happened? and now what happens? welcome, everyone, i m neil cavuto and happy weekend and not if you re a twitter shareholder on news that elon musk is quitting. the latest from kelly o grady out in los angeles on what went wrong. reporter: hey, neil. what a roller coaster, right? elon is claiming he has grounds to terminate the social platform because they failed to provide key information and that the company appears to have made misleading statements during their negotiations. now, this really all comes down to the number of spam bots on the platform. the reason bots are so important is musk has made no new attempts to grow the revenue, and that risks on act rests on active users. all indications suggest that several of twitter s public exposures are either false or materially misleading. it appears twitter is dramatically understat
i spoke with a propane salesman just yesterday who said people are low income and middle income people are having to choose between energy and buying their medicines, and it s really a problematic situation especially with inflation. consumption is two-thirds of the u.s. economy, and as consumption goes, so goes the u.s. economy. and the consumer s hurting. neil: to your point, propane has doubled in the last year, that s a very good point. but, ann, stepping back from it all, the markets are fascinating to watch these days because good news can be interpreted as good or it can be interpreted as bad. so a strong employment report reinforces the notion the federal reserve is going to hike rates at least another three-quarters of a point later this month, probably another three-quarters of a point in september. where are you on this in how high rates go? i m not sure that a 7. 5-basis point hike in september for the following reasons: some of the components of inflation, the pressure