Twitter Sues Elon Musk for Backing Out of $44 Billion Deal

Twitter is now suing Elon Musk seeking to enforce the $44 billion deal he made to buy the company after he said he wanted out.  Musk says his decision to drop out has to do with Twitter not providing him enough info to be able to verify how many accounts on the platform are fake and that could be tough to decide as data scientists say isn’t easy to determine.  Sarah Needleman, tech reporter at the WSJ, joins us for the complex metric this legal battle will be centered on.

Next, CA Gov. Gavin Newsom took to Washington DC while President Biden is out of the country on a trip to Israel and the Middle East.  It seems that Newsom has been trying to raise his national profile on issues such as abortion, climate change and guns and even pushing back on his own party for not being strong enough on those issues.  All that movement has sparked discussion on whether he has presidential ambitions.  Hannah Knowles, campaign reporter at The Washington Post, joins us for more.

Finally, Americans are cancelling homebuying deals at the highest rates since the start of the pandemic.  A new report from Redfin says 15% of deals are being cancelled and even homebuilders are seeing cancellations.  Inflation and higher mortgage rates are mostly to blame with some borrowers no longer qualifying for the loans they want.  Diana Olick, real estate correspondent at CNBC, joins us for what to know.

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