we have more from muska. reporter: russia's prosecutor asked the courts to declare ukraine's azov battalion as a terrorist organization. we have also been hearing a debate on going in russia's lower house of parliament, the state duma, the speaker has said the members of the battalion, who are now in russian defense ministry custody, are so-called nazi criminals and they should not be exchanged. they should not be taking part in the prisoner exchange coming in the weeks ahead. that they are not to be given up that easily and they should be put before a court. we have also been hearing from the chairman of the international affairs committee, is also part of moscow's negotiating team with ukraine. he have much more severe views about what should happen to the members of the battalion that are now in russian custody. this is what he had to say. >> they do not deserve to live, after those monstrous crimes against humanity that they committed, and which are being committed continuously against are prisoners of wa

muska does not take a no for an answer, he is making big issue with the bots, finally, twitter may not have any other options at this point, button renegotiate if that is where musk is taking this. >> another day passed by and musk making headlines. still to come, set to debut after completing the record ipo, we will preview that next, this is bloomberg. ♪ >> let's look at the trading day in india this singapore contract is moving marginally to the upside. they are in play, a bit of a mixed bag, flat in the day -- at the end of the day. the contract -- the indian market is expecting the biggest ever ipo to start training after raising a record $2.7 billion. it is a life insurance company in india, heavy retail demand, domestic investors trying to get a piece of the action. let's hope it doesn't drop, and india's aramco -- is look at the size and scope. >> -- india's -- more than the entire population of pakistan or brazil, it controls nearly two thirds of the indian life insurance market, that has helped it build up $500 billion worth of assets, more than the total size of the countr

kriti: let's put muska side for a moment. there has been this made her talk about twitter reframing. they made rules in terms of monitoring some contacts, flagging content that poses an issue. on top of that, they had a major round of layoffs on the junior and senior level. how much of that is going to get undressed in the shareholder meeting? ed: it is interesting because one of the resolutions, official agenda item, is management compensation. you see a number of pension funds voting is the management proposal because they feel performance is not been good. -- has not been good. you have a situation where you have a number of senior partners from the company put on hold because they are in limbo essentially. we talk to insiders all the time working on specific products, carrying out specific engineering in a building -- the building behind me but they do not know where they stand. if it is elon musk is successful, he has his own ideas for the platform. if he does take the company private, we do not have a clear picture of w

he made mistakes, dealing muska. while germany's chancellor did not comment on the future travel plans to ukraine, olaf scholz did announce all of this. >> the german president and the ukrainian president spoke very carefully to each other. i spoke in detail to the german president beforehand and afterwards. the result of the conversation is that the foreign minister will soon be in ukraine. course i spoke with thomas sparrow in berlin. he gave us this reaction to the chancellor's announcement. >> it was a surprise to hear olaf scholz stress that the first cabinet member that would travel is annalena baerbock. especially after the focus was going to be on the president or on chancellor schultz. after speaking to him in berlin, they had agreed they had decided it would be annalena baerbock. we don't have any concrete details. it is being discussed and it is also important to stress that does not mean that they will not travel. they are also discussing the possibility of traveling. for now, what we know is that it will

reporter: this is how muska could trace its soldiers in ukraine, as professionals. but away from the official images, some here tell a different story. this woman has agreed to tell me her story. two of her sons are conscripts. the kremlin promised they would not be sent to ukraine, but her sons were deployed close to the border. when russia invaded, she lost contact with them. >> i cannot eat, i cannot drink. i messaged other mothers. many of them had lost contact with their children too. i went into the car and started searing for my sons. one of their commanders said they were in military exercises. i said i drove around and they are not there. please do not lie to me. he hung up. reporter: fear in her ss were dead or injured, she went to a military hospital. >> there was not enough medicine or bandages. local residents supplied everything. the soldiers were cold and hungry. reporter: eventually, an admission from the military. her sons had gone into ukraine. >> i was told the terrifying news that my children had signed contracts to be professional soldiers. they

approves a ban on russian oil imports by the end of the gear, the harshest measure today to punish muska. -- to punish moscow. on the ground, russian forces push deeper into donetsk. officials fear it will become another mariupol. the hollywood trial watched by millions. jurors deliberate between pirates of the caribbean star johnny depp and his actress wife amber heard. hello. it's good to have you with a spear he of the european union has handed down its harshest measures yet to russia for his aggression with ukraine. after weeks, members of the european union have agreed to been most russian oil -- ban most russian oil by the end of the year. >> viktor orban is celebrating his 59th birthday at the eu summit here in brussels. the hungarian prime minister, however, already got his presence in the wee hours when eu leaders agreed on an embargo on russian oil, but with exemptions for hungary and others. the eu commission president still considering the watered down deal a success. >> these sanctions are fighting hard -- biting hard. >> the eu plans to cut only russian oil that is transpor

. >> muska says it is declared a three day cease-fire starting thursday morning to allow the civilians out. the kremlin says humanitarian corridors are working but other officials said that's not true. one commander says civilians are still trapped. he said yet again, the russians have broken the promises of a cease-fire. ukrainian mp told us this. >> areouses are bleeding with pain. the people there are not able to be evacuated. the russians are firing everything they have from air and ground to destroy it with people still in hiding. there are people still there in the plant and they are unable to get out. >> the situation is desperate. a new convoy is on its wait to try to evacuate remaining civilians. that is expected to arrive on friday. let me play you this message. it is from the wife of a soldier. >> we ask everybody please act, please do something to help our le our soldiers our civilians. they need our help right now. the situation is really terrible and it is critical right now. they are dying each minute. please help. >> before today, we have seen evacuation's. this was las

outlets that now take a pro russian life which isn't hard to do, given the soft power push coming from muska russian state back news outlets. r t and sputnik have both created french language channels that focus on francophone africa and tend to cost russia in a very favorable light multiplication local authorities. the said, would you possibly amandola just allow me imagine, keep destructive, seduce w, just increase their reach or teen sputnik have made their content freely available to african use organizations and as many as 4000 across the continent have taken them up on that offer. just take a look. this is mileage. it's a popular news aggregator. look where much of the content is coming from. sputnik news. sputnik news. sputnik news draw cause the collaboration a win win because news organizations like his lack the resources to produce this kind of generous. notice on puck up hubbard, we can cover all local news properly, the little lonely tunnel, the new sector. this vacuum was ordered, viewed by french media alone. so, auditing, france on sputnik of allowed us with diversify our sour

thanks. muska didn't actually try to lower the price, but would have had a reason to do so. his dad was over and above the share price of twitter at the time by $11.00 or so. so i think that there is no indication that this is manipulation. i think that he learned about the number of boss and fake accounts on the network and twitter assured him that they would only be 5 percent. so it certainly has every right to say, listen, you said 5 percent are fake and i'm finding out from reports. but it's much higher, that would be a problem and you could try to lower the bid on that basis. and frankly, that would be a legitimate basis. so i don't see how you can sue him for that because as a matter of fact, it was promised that it would be 5 percent or less. so you know, that would be some sort of a manipulation on our twitter itself. so anyway, it's probably discerned that i'm a, i'm a fan of mosque in terms of twitter because i think that need be broken up from the part now broken away from it in order to ensure a greater field of expression on the internet. many thanks for keeping

that is not true, it is seller friendly, and includes a legal provision, it basically means that if muska decides to walk away twitter can take him to court and get a court order that he has to come up with a financing and paper twitter. -- pay for twitter. other options you can take, if you can show that there is a material adverse advent -- event, some change to the business that materially, for a sustained. of -- period of time would change the outlook. he would have to show this, he would have to say, twitter, i'm not going to this deal until you prove to me that bots make up fewer than 5% of account. he also waived his right to due diligence when he was going about this deal and presented that as something that was a vote in favor of the deal. he said he would not do due diligence, he does not have a leg to stand on. finally, twitter is made public disclosures about the fact that estimates bots makeup fewer than 5% of account. insecurity filings have said, and most recent one, that the number could be higher than that. the people that i talked to say a judge would be hard-pressed to

muska tweeted the deal is on hold. germany plans to quit importing russian oil by the end of the year german officials are confident they can solve logistical problems in the next few months. the declined before the war in ukraine. ryanair issued a guardedly optimistic outlook. a strong booking trend could still be disrupted by a number of factors. >> in every past recession we grow stronger and faster because they get more price equity. we will be the beneficiaries of a downturn and i look forward with some optimism to an economic downturn. we keep pressing -- passing on value. >> they are expecting what it calls a reasonable profitability this year. u.s. officials investigating a public act of killing in buffalo as violent extremism. an 18-year-old white man was arrested, posting a document online. global news 24 hours a day on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm ritika gupta, this is bloomberg. ♪ >> other companies i think are growing -

twitter is up, the big story of course here is muska george -- adjusting his financing package on margin components to bring in more equity financing. bullishness that the deal might happen. of course the other big story is broadcom vmware. massive deal, bloomberg, we got official confirmation on thursday. what does it mean for the company? what does it mean for the health of the technology sector broadly? it's really interesting timing. emily: indeed. liana, your team broke the deal being officially announced. talk to us about the things we know now that we didn't know earlier this week. >> the exact price of the deal keeps fluctuating, it will change day by day. we did see that it was 61 billion, a pretty big premium for vmware, maybe not as high as it would have been if it wasn't for the text selloff. another interesting angle on the deal is that they can solicit other offers. we will be monitoring whether there is a bidding war and who else could emerge. they have 40 days to potentially find a new buyer. emily: are you thinking there could be a bidding war? are there other suitors ou

why muska still casting doubt on his ability to buy the platform, next. this is bloomberg. ♪ >> i would reverse the from a band. i don't own twitter yet, so this is not a thing that will definitely happen. ♪ >> he has stated he would not be coming back to twitter and he would only be on true social. this is the point i'm trying to make is how it is not getting across is that banning trump from twitter did not end trump's voice. it will amplify it will amplified among the right and this is why it is morally wrong and flat-out stupid. emily: elon musk speaking at the financial times future of the car summit. his thoughts on the permanent ban of former president trump on twitter following the deadly attack at the u.s. capitol on january 6, 2021. musk thing he will reverse the ban if his bid to buy twitter goes through. for more, i'm joined by ed ludlow and sarah frier who covers big tech. not only did he say he reversed that she would reverse the ban, he repeatedly said if the deal goes through, casting some doubt on it going through at all. what did you

muska saying he will reverse the ban -- musk saying he will reverse the ban of his by through of twitter comes through. not only did he say he reversed the ban on -- he will reverse the ban on former president trump, but he casts some doubt on it going through it all. >> he had a caveat that the deal was not yet closed, that he did reference the idea that it might not go through. investors have speculated that he could walk away potentially. there has been a pension fund to buckle -- block it and you see the sources investigating it paid he basically said that banning does not work and he cited trump setting up his own social media platform where his voice is a heart on the very right-leaning platform and he used this as the basis for an outright ban not working on the twitter platform. emily: musk confirming that twitter should be cautious about permanent bands. that said, the he said he should be ok with banning some individuals and content. besides the case of president trump, what would be different for content moderation under elon musk? >> it is unclear because he says he is a free

muska's offer to buy the social media platform for $54.20. he has said he would reverse the permanent ban on donald trump once he takes control of the company. joining us is quicktake stock alex webb, why are people continuing to doubt whether this deal will go through? that's what that price discrepancy tells us. alex: partly because elon said it himself. he said, maybe i won't because i won't end up being able to buy twitter. we don't know that he has all the financing in place. there are regulatory hurdles. you combine those three factors together and you have this huge spread between the $47} and -- close price and the bid. tom: musk was at the event yesterday, we will get some clarity on his plans ultimately as he does take it over. listen to what he had to say about this question. >> he has stated that he will probably not be coming back to twitter, and that he will only be untruth social. this is the point i'm trying to make, which is that banning trump from twitter would not end trump's voice. it will amplify it among the right. this

twitter making these comments, the board saying that we intend to enforce the muska merger. -- musk merger. we heard elon musk talk about wanting a cheaper valuation given his concerns over the proportion of spam accounts or bought accounts on the site. he had said 20% fake/spam accounts, four times what twitter claims could be much higher. they publicly refused to show proof of that number around 5%. he said this deal cannot move forward until he does. so now we are hearing that twitter is really intending to close that transaction at the levels we heard earlier, the numbers that had been agreed upon. we have seen quite a lot of turnover when it comes to the upper echelons of leadership there. twitter losing three more senior employees including two more vp's, reflecting a great deal of uncertainty as we await this $44 billion acquisition from elon musk. u.s. retail sales grew at a solid pace in april, suggesting demand remains resilient despite rampant inflation. asset management ceo bruce richards tells bloomberg that the figures are not telling the full story. bruce: the consumer is no

so my worry is that if muska opens twitter -- elon musk opens twitter to any sort of post, ultimately what will happen is that twitter itself will be harmed, as will then all media conceivable -- conceivably. susan: ok. to that history. i encourage readers to look back in time farther than i will start, because there is much to learn on great stories about the early days of the republic. but i want to start with the men that authored the piece you referred to, sam warren and louis brandeis. louis brandeis is more familiar. who is sam warren? prof. gajda: he is very important in this essay. he was a lawyer from a very rich family. he went to harvard law school, where he met louis brandeis. they went into practice together in boston. they had a law firm together. warren was of great interest to the media at the time. the reason why he was of such interest, and not louis brandeis , who was becoming more familiar as a lawyer but he -- sam warren , the reason why he was of such interest was because he was from a rich family. his family owns one of the largest paper mills in the country. th

the board statement came as muska appeared to be maneuvering to ditch or renegotiate his offer. global news 24 hours a day on air and on bloomberg quicktake powered by more than 2700 journalists and analysts in over 120 countries. i'm ritika gupta. this is bloomberg. ♪ >> what a lot of economists are scratching their heads and wondering about is if we really have to bring demand down to get inflation in check, is not going to put the economy into recession. and we don't know. jonathan: neel kashkari, they do not know. futures down .7% on the s&p. the nasdaq down by one full percentage point right now. yesterday it was walmart, today its target. target is down hard. end of 21 point 5%. we have seen it repeatedly over the last hour. margins, we have a problem. tom: drew medicine coming on with a nice quick note. he says the distinction is these are largest employers. as i mentioned -- this is a guy who is congenitally optimistic. drew medicine makes real clear large employers with these kind of pressures is a unique unique moment. jonathan: we are in at around 3.5% unemployment

you on muska trying to get a better deal. -- elon musk's try to get a better deal. jonathan: this market has been absolutely bruised and battered. the s&p is up 1.3 percent. this is bloomberg. zero-commission trades for online u.s. stocks and etfs. and a commitment to get you the best price on every trade, which saved investors over $1.5 billion last year. that's decision tech. only from fidelity. >> i think we are in the final

"i'm looking forward to its grand scale," says this muska vite. "we will show the power and strength of our country," he says. though who really needs a reminder? these are the latest brutal images from ukraine. where russia is continuing what it calls its special military operation. the kremlin says this is also a fight against nazis. even though ukraine has a jewish president, it's being drilled into russians that their country's soldiers are yet again battling fascists. it's a comparison dismissed in the west but which many russians seem prepared to accept. "every year i go to these rehearsals," says this man, who gives his name as misha, "but i think this year it's more special because of the special military operation happening in ukraine," he says. "today i wave the flag to support our army. but i hope it will end soon," he adds, a hint of awareness, perhaps, of the horrific cost. this is what victory day is meant to mark, the soviet union's role in the allied victory in the second world war. russia sustained millions of casualties, paying a

muska says he thinks the decision to ban the former president was a mistake, because it ain't related -- alienated a large part of the country. you consume -- as on netflix, the company is expected to start running advertisements on his lower-priced pan and i n an internal memo, they said the plan is expected to launch in the last three months of this year. around the same time, the company is planning to start cracking down on password sharing. this will be interesting to watch. dan: that sure will be. thank you. kristen: there is a new way to cite also. san francisco bay's insta work is connecting people to businesses that need help right away. we are joined live to talk about the partnership with baseball stadiums including the park. >> if you have food experience you may want to pick up concessions and shifts and if you're looking to try new skills, you can work in retail as a cashier or custodial shifts are available. it is up to you to create a work schedule that works for you and how unique it is to get paid. kristen: with so many businesses facing staffing shortages, insta wor

in but twitter stock at an artificially low price earlier ella muska, nancy temporary suspension of the purchase of twitter until the company provides more information on the number of fake accounts. the billionaire assumed he should pay less. if it turns out the boats make up the 5 percent of the platforms, total accounts, michael rex and vote. former new york university professor and also of the google archipelago things. musk didn't actually try to lower the price, but would have had a reason to do so. his dad was over and above the share price of twitter at the time by levin dollars. so. so i think that there is no indication that this is manipulation. i think that he learned about the number of boss and fake accounts on the network and twitter assured him that they would only be 5 percent. so it certainly has every right to say, listen, you said 5 percent or bank and i'm finding out from reports that it's much higher. that would be a problem and it could try to lower the bid on that basis. and frankly, that would be a legitimate base. i don't see how you can do him for that because