somewhere enjoying himself in the sun somewhere. happening now, in the newsroom, former white house counsel, pat cipollone spending seven hours with a january 6 committee, what we are learning about his testimony and how it could shape future hearings. the biden administration is celebrating a better than expected jobs report that economists say that could spell bad news for the effort to tamp down inflation. plus, deal or no deal. you on my skier to walk away from his bid to buy twitter, the company s board has to say about that. newsroom starts right now. a very good morning to you, it is saturday, july 9, and we are so happy to be with you this morning. up first, a key witness testifying before the january 6 committee, for more than seven hours. three different sources familiar with pat cipollone s testimony, describing it as very important, and extremely helpful. pat cipollone remember was among the handful of people who spent time with then-president trump as the
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when you agree to buy a company over $44 billion, it is not something that you just write down in pencil, you have signed it in ink, you have done a lot of different things, to commit to actually going through with the transaction. he is trying to get out of it by saying that twitter has broken his side of the deal by not being honest about fake accounts, bots, and controls on the platform. but, he had lots of time for what is known as due diligence to think about whether to buy the company before he agreed. so, we are going to see if he can get out of it or not. the question, brian, is there that portion of the contract, where he could be on the hook for $1 billion, does that still stand, what happens next? that is right, a $1 billion breakup fee is one possibility, but twitter is indicating they want to hold him to the $44 billion, they are saying to him, show me the money. here is the tweet overnight from the board chair, he says the twitter board is committed to closing the tra