{"id":60681,"date":"2022-04-05T08:59:28","date_gmt":"2022-04-05T12:59:28","guid":{"rendered":"https:\/\/www.t3live.com\/blog\/?p=60681"},"modified":"2022-04-05T08:59:28","modified_gmt":"2022-04-05T12:59:28","slug":"coffee-with-greta-musk-joins-twitter-board","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2022\/04\/05\/coffee-with-greta-musk-joins-twitter-board\/","title":{"rendered":"Coffee With Greta: Elon Musk Joins Twitter Board"},"content":{"rendered":"

Editor's Note:<\/strong> Coffee With Greta is a FREE morning update from our newest contributor Greta Wall. Want to get it by email every day? Click here<\/span><\/a><\/strong>.<\/p>\n

********<\/p>\n

DJIA Futures: <\/b>-69 (-0.2%)<\/span><\/p>\n

SPX Futures: <\/b>-9 (-0.2%)<\/span><\/p>\n

NASDAQ Futures: <\/b>-44 (-0.3%)<\/span><\/p>\n

Good morning friends!<\/span><\/p>\n

Futures are slipping as the market gives up Monday\u2019s tech rally.<\/span><\/p>\n

Let\u2019s get right to it!<\/span><\/p>\n

Musk Joins Twitter\u2019s Board of Directors<\/strong><\/h2>\n

Twitter <\/b>(TWTR) shares are up 5.4% in premarket trade after the company announced Elon Musk will join the board of directors.\u00a0<\/span><\/p>\n

In a <\/span>tweet<\/span><\/a>, Twitter CEO Parag Agrawal said he was \u201cexcited to share\u201d they are appointing Musk to the board.<\/span><\/p>\n

\n

I\u2019m excited to share that we\u2019re appointing @elonmusk<\/a> to our board! Through conversations with Elon in recent weeks, it became clear to us that he would bring great value to our Board.<\/p>\n

\u2014 Parag Agrawal (@paraga) April 5, 2022<\/a><\/p><\/blockquote>\n

An SEC filing shows Musk will serve as a Class II director and his term will expire in 2024.\u00a0<\/span><\/p>\n

During that term and 90 days after, his stake cannot surpass 14.9%.\u00a0<\/span><\/p>\n

TWTR shares surged 27% on Monday, marking the company\u2019s best day since its IPO in November 2013.<\/span><\/p>\n

That rally came after a new SEC filing revealed <\/span>Tesla <\/b>(TSLA) CEO Elon Musk had purchased a 9.2% stake in the social media company on March 14.\u00a0<\/span><\/p>\n

His purchase of 73,486,938 TWTR shares makes him the largest shareholder in the company.\u00a0<\/span><\/p>\n

Many analysts expect him to use his stake to push for change at Twitter after being an outspoken critic of the social media platform in the past.\u00a0<\/span><\/p>\n

In a <\/span>tweet<\/span><\/a> Monday night, Musk asked his followers if they want an edit button on Twitter.\u00a0<\/span><\/p>\n

\n

Do you want an edit button?<\/p>\n

\u2014 Elon Musk (@elonmusk) April 5, 2022<\/a><\/p><\/blockquote>\n

Cruisers Are Back<\/strong><\/h2>\n

Carnival Corp <\/b>(CCL) shares are jumping 5.1% ahead of the open after reporting its busiest week of bookings ever.\u00a0<\/span><\/p>\n

Carnival said the week between March 28 and April 3 set a new record for weekly bookings.\u00a0<\/span><\/p>\n

The company saw a double-digit increase in bookings from its previous record week.\u00a0<\/span><\/p>\n

22 of Carnival\u2019s 23 ships are back in operations at U.S. ports.\u00a0<\/span><\/p>\n

The final ship will return on May 2 and a new ship will be introduced in November.\u00a0<\/span><\/p>\n

Foreign Trade Deficit Dips<\/strong><\/h2>\n

The U.S. trade deficit dipped in February.\u00a0<\/span><\/p>\n

The Commerce Department reported the deficit fell 0.1% to $89.2 billion.\u00a0<\/span><\/p>\n

The decline came as exports jumped 1.8$ to $228.6 billion and imports rose 1.3% to $317.8 billion.<\/span><\/p>\n

That was the fourth month in a row imports topped $300 billion.\u00a0<\/span><\/p>\n

The U.S. trade deficit has been volatile as the American economy reopened faster than our global trading partners.<\/span><\/p>\n

Oil Climbs Ahead of New Russia Sanctions<\/strong><\/h2>\n

Oil prices are higher today as the U.S. and Europe plan a new round of sanctions against Moscow.\u00a0<\/span><\/p>\n

West Texas Intermediate crude futures are up 1.1% to over $104 per barrel while Brent crude futures are up 1% to over $108 per barrel.\u00a0<\/span><\/p>\n

Talks remain stalled between the U.S. and Iran to revive the Iran nuclear deal.\u00a0<\/span><\/p>\n

That deal is expected to allow Iran to help alleviate supply issues in the global oil market.<\/span><\/p>\n

Treasury Yield Curve Remains Inverted<\/strong><\/h2>\n

Two parts of the Treasury yield curve remain inverted as traders look ahead to the Fed minutes this week.\u00a0<\/span><\/p>\n

The yield on the 2-year Treasury note is 2.48% while the yield on the 10-year note is 2.47%.\u00a0<\/span><\/p>\n

The 5-year Treasury yield is 2.62% while the 30-year bond yield is 2.53%.\u00a0<\/span><\/p>\n

Several Fed officials are set to speak about the economy today.\u00a0<\/span><\/p>\n

Fed Governor Lael Brainard speaks at 11:00 a.m. ET, San Francisco Fed President Mary Daly speaks at 12:30 p.m. ET, and New York Fed President John Williams speaks at 2:00 p.m. ET.<\/span><\/p>\n

Former Fed Governor Lawrence Lindsey warned inflation will cause a recession in Q3.\u00a0<\/span><\/p>\n

Lindsey told CNBC on Monday, \u201cInflation is eating into consumer spending power, they\u2019re going to have to cut back\u201d.<\/span><\/p>\n

He said the Fed is \u201cnowhere close\u201d to getting inflation under control and he sees those pressures rising further this year.\u00a0<\/span><\/p>\n

In Case You Missed It<\/strong><\/h2>\n
    \n
  • Tesla <\/b>(TSLA) shares rallied 5.6% on Monday after the electric automaker reported a record number of deliveries in Q1. Tesla delivered 310,048 vehicles and produced 305,407 vehicles last quarter. Model 3 and Model Y vehicles made up 295,324 of those deliveries.<\/span><\/li>\n<\/ul>\n

     <\/p>\n","protected":false},"excerpt":{"rendered":"

    Editor’s Note: Coffee With Greta is a FREE morning update from our newest contributor Greta Wall. Want to get it by email every day? Click here. ******** DJIA Futures: -69 (-0.2%) SPX Futures: -9 (-0.2%) NASDAQ Futures: -44 (-0.3%) Good morning friends! Futures are slipping as the market gives up Monday\u2019s tech rally. Let\u2019s get right to it! Musk Joins Twitter\u2019s Board of Directors Twitter (TWTR) shares are up 5.4% in premarket trade after the company announced Elon Musk will join the board of directors.\u00a0 In a tweet, Twitter CEO Parag Agrawal said he was \u201cexcited to share\u201d they are appointing Musk to the board. I\u2019m excited to share that we\u2019re appointing @elonmusk to our board! Through conversations with Elon in recent weeks, it became clear to us that he would bring great value to our Board. \u2014 Parag Agrawal (@paraga) April 5, 2022 An SEC filing shows Musk will serve as a Class II director and his term will expire in 2024.\u00a0 During that term and 90 days after, his stake cannot surpass 14.9%.\u00a0 TWTR shares surged 27% on Monday, marking the company\u2019s best day since its IPO in November 2013. That rally came after a new SEC filing revealed Tesla (TSLA) CEO Elon Musk had purchased a 9.2% stake in the social media company on March 14.\u00a0 His purchase of 73,486,938 TWTR shares makes him the largest shareholder in the company.\u00a0 Many analysts expect him to use his stake to push for change at Twitter after being an outspoken critic of the social media platform in the past.\u00a0 In a tweet Monday night, Musk asked his followers if they want an edit button on Twitter.\u00a0 Do you want an edit button? \u2014 Elon Musk (@elonmusk) April 5, 2022 Cruisers Are Back Carnival Corp (CCL) shares are jumping 5.1% ahead of the open after reporting its busiest week of bookings ever.\u00a0 Carnival said the week between March 28 and April 3 set a new record for weekly bookings.\u00a0 The company saw a double-digit increase in bookings from its previous record week.\u00a0 22 of Carnival\u2019s 23 ships are back in operations at U.S. ports.\u00a0 The final ship will return on May 2 and a new ship will be introduced in November.\u00a0 Foreign Trade Deficit Dips The U.S. trade deficit dipped in February.\u00a0 The Commerce Department reported the deficit fell 0.1% to $89.2 billion.\u00a0 The decline came as exports jumped 1.8$ to $228.6 billion and imports rose 1.3% to $317.8 billion. That was the fourth month in a row imports topped $300 billion.\u00a0 The U.S. trade deficit has been volatile as the American economy reopened faster than our global trading partners. Oil Climbs Ahead of New Russia Sanctions Oil prices are higher today as the U.S. and Europe plan a new round of sanctions against Moscow.\u00a0 West Texas Intermediate crude futures are up 1.1% to over $104 per barrel while Brent crude futures are up 1% to over $108 per barrel.\u00a0 Talks remain stalled between the U.S. and Iran to revive the Iran nuclear deal.\u00a0 That deal is expected to allow Iran to help alleviate supply issues in the global oil market. Treasury Yield Curve Remains Inverted Two parts of the Treasury yield curve remain inverted as traders look ahead to the Fed minutes this week.\u00a0 The yield on the 2-year Treasury note is 2.48% while the yield on the 10-year note is 2.47%.\u00a0 The 5-year Treasury yield is 2.62% while the 30-year bond yield is 2.53%.\u00a0 Several Fed officials are set to speak about the economy today.\u00a0 Fed Governor Lael Brainard speaks at 11:00 a.m. ET, San Francisco Fed President Mary Daly speaks at 12:30 p.m. ET, and New York Fed President John Williams speaks at 2:00 p.m. ET. Former Fed Governor Lawrence Lindsey warned inflation will cause a recession in Q3.\u00a0 Lindsey told CNBC on Monday, \u201cInflation is eating into consumer spending power, they\u2019re going to have to cut back\u201d. He said the Fed is \u201cnowhere close\u201d to getting inflation under control and he sees those pressures rising further this year.\u00a0 In Case You Missed It Tesla (TSLA) shares rallied 5.6% on Monday after the electric automaker reported a record number of deliveries in Q1. Tesla delivered 310,048 vehicles and produced 305,407 vehicles last quarter. Model 3 and Model Y vehicles made up 295,324 of those deliveries.  <\/p>\n","protected":false},"author":41,"featured_media":60685,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[739],"tags":[],"class_list":["post-60681","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-coffee-with-greta"],"_links":{"self":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/60681","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/comments?post=60681"}],"version-history":[{"count":5,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/60681\/revisions"}],"predecessor-version":[{"id":60687,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/60681\/revisions\/60687"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media\/60685"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=60681"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=60681"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=60681"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}