On Thursday’s Mark Levin Show, the world’s wealthiest man, Elon Musk, made a $43 Billion offer to buy Twitter to preserve free speech on the platform. But Wall Street investment group Vanguard Group has purchased more shares to become the largest shareholder at Twitter and block Musk. It’s also been reported that the Department of Justice and the Securities and Exchange Commission have launched a joint investigation into Musk’s companies. Countries should celebrate inventive citizens like Musk, not investigate them. Then, Charlie Gasparino from the Fox Business Channel calls in to explain how the Vanguard purchase will block Musk but wasn’t necessarily done to interfere with Musk, per see. Gasparino added that some past federal regulators are sympathizers of Sen. Elizabeth Warren’s kneecapping of capitalism. Later, Russia continues to commit atrocities in various battles in their attempt to take Ukraine. New reports show signs of sexual assault by Russian soldiers. Afterward, the Black Lives Matter organization was a fundraising scam. New York City Mayor Eric Adams questioned where the Black Lives Matters protesters were as he asked the community why young Black men victims are getting shot in Black neighborhoods. Finally, US Senate Candidate, TW Shannon, joins the show to discuss his campaign in Oklahoma. Shannon, a Black, conservative Christian says that America is not racist because if it was, we wouldn’t have Black and Hispanic people from all over coming through our borders.
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Just The News
Newt Gingrich questions McConnell’s strategy for Republicans: ‘As bad as Pelosi’
Image used with permission of Getty Images / Rafael Henrique
Rough transcript of Hour 1
Hour 1 Segment 1
Ever hear this? Publication called Talkers magazine, most of you have not. But in this business, people like to throw it around. And Rush used to tell me, ignore it, ignore it, ignore it, and I should put out the list of the heavy hundred. Based on it’s like The New York Times editorial board. No one is, Sean, that’s correct, number three is this show, this shows number two. The number two show in America. I can prove it. Then they have little editorial comment, such the judgment of the state, what is the point of that? It’s like the The New York Times best seller list. You can have more books sold and they put you at number four behind the number one guy. Then some phony matrix they put out there about audience size. We know what our audience size is. Almost to the person. People have these phony matrixes out there. Oh, look at this. Now, you’ll know when our host is desperate or hosts plural when they keep pointing to Talkers magazine. Look at us, look where we are ignoring. That’s not where they are. Ignore it, which is what I’m going to do right now, we’ve got a lot of important stuff to talk about Elon Musk. A lot of people have great hope for him, as do I. As to why he’s offered 43 billion dollars to buy Twitter. But then we have some breaking news from late this afternoon, early this evening. From post-millennial, dotcom must no longer Twitter’s largest shareholder after Vanguard stock, by now No one. This has to be an effort to block us, but we’re going to find out in 20 minutes when we have the great Charlie Gasparino on who will walk us through this, because this is very, very important. Musk wrote a letter to the board. He left as a board member because he wanted to have the ability to take over this company and as he said in the letter, and as he has said in interviews, what you’ll hear in a moment. He wants to bring free speech and free access back to Twitter in that platform. He’s under vicious attack by the left and the Democrat Party. Vicious attack. In fact, it’s worse than that, ladies and gentlemen. Charlie Gasparino, again, he’ll be here in 20 minutes. He tweeted out the following, As Elon Musk offers to buy the rest of Twitter, a legal source tells Fox Business. That the Department of Justice and the S.E.C. have launched what he described as, quote, joint investigation, unquote, into a myriad of regulatory issues, primarily involving Tesla. So here we have the politicized Department of Justice, the politicized FCC. Going after the wealthiest man in the world who’s trying to take Twitter. And make it a public free speech access like it was supposed to be. But Twitter and Facebook. And the rest of them have become the important mouthpieces and propaganda platforms for the Democrat Party and the American Marxists. So the idea that Musk would come along. With his belief in free speech, he’s quite the libertarian. And. Say, OK, I’m going to fix this platform now, suddenly he’s under investigation, a joint investigation into a whole bunch of stuff involving Tesla. This man is an inventor. He’s a creator. He’s a producer. He’s a taxpayer, he’s an employer. Countries should thank individuals like this country should celebrate individuals like this, not punish them. Not investigate them, not attack them. And he said, when it comes to Twitter, it’s not even about. The financial aspect. It’s about free speech and not just in America, but all over the world, because Twitter has that kind of a reach. So Musk no longer Twitter’s largest shareholder after Vanguard stock by. Vangard. According to The Wall Street Journal, Vanguard Group, an asset management firm, increased its stake in the tech giant to ten point three percent, asset manager Vanguard recently upped its stake in the social media platform and is now the company’s largest shareholder, bumping Mr. Musk out of the top spot. Vanguard disclosed on April eight that it now owns eighty two point four million shares, a Twitter or ten point three percent of the company, according to their most recent publicly available filings with the U.S. Securities and Exchange Commission. You have to report that within 10 days of your purchase, which they did, Vanguard had previously owned sixty seven point two million shares at Twitter, eight point four percent, according to FactSet. Earlier on Thursday, Musk made an offer to buy Twitter outright, saying that the platform needed to be transformed into a private business to thrive once again. That Tesla and SpaceX CEO offered to buy Twitter for more than 40 billion dollars after recently rejecting a seat on the company’s board. Twitter shareholders, Saudi Prince Alwaleed rejected mass bid to take over the platform. Did you folks know that Saudi Prince Alwaleed was a major shareholder in Twitter? Now, let’s listen to some of what Elon Musk had to say earlier. At a TED talk, what the hell is a TED talk, Mr. Producer? None of us know. Because we’re basically social media illiterate, but nonetheless, here we go, cat1 go, why make that offer so? Well, I think it’s very important for there to be an inclusive arena for free speech where all so yeah. Twitter has become kind of the de facto town square. So it’s just really important that people have the both the the reality and the perception that they are able to speak freely within the bounds of the law. And, you know, one of the things that I believe Twitter should do is open source the algorithm and make any changes to people’s tweets or if they’re emphasize or deemphasize, that action should be made apparent so anyone can see that that action has been taken. So there’s no sort of behind the scenes of manipulation, either algorithmically or manually. I mean, this would be fantastic if this occurred and I would rejoin Twitter. Not that that’s the end all and be absolutely fantastic if this occurred. And he’s telling I’d let you know how our algorithms work when a gentleman on a few years ago or remember Mr. Producer with respect to Google, said they manipulated the algorithms to affect elections and particularly to harm Donald Trump. You remember that. And what are algorithm’s, their decisions that are made, what to promote, what comes first when you when you go online, what you’re interested in, it drives the news, it drives attention, and it does it from the left. And he said, no, I want people to know exactly what it is that we’d be doing and why we’re doing it and what to expect. And so the anti free speech, corrupt media, the anti free speech, corrupt big tech oligarchs, including apparently this Saudi monarch, the hated free speech academia, they don’t like any of this. They have. Very nice situation, complete control over what Twitter does and Facebook does and Google and all the rest of the Googles, Googles, ISM’s and whatever, Ms. Here is more Elon Musk today cut to go. Well, I, I think we would want to earn on the spot if in doubt. Let let let the speech let it exist. It would have, you know, if it’s a, you know, a gray area, I would say let let let the tweet exist. But obviously, you know, in a case where there’s perhaps a lot of controversy that you would not want to necessarily promote that tweet if you know. So I’m not I’m not saying that I have all the answers here, but I do think that we want to be just very reluctant to delete things and have just just be very cautious with with with permanent bans. You know, time outs, I think, are better than sort of current advance. And if just just in general, like I said, how it won’t be perfect. But I think we want to really have, like said, the perception and reality that speech is as free as reasonably possible. And a good sign as to whether there is free speech is is is someone you don’t like allowed to say something you don’t like. And if that is the case, then we have free speech. And it’s damn annoying when someone you don’t like says something you don’t like. That is a sign of a healthy, functioning, free speech situation. Amen. Absolutely correct. And then finally cut through go. I mean, I could technically afford it, I, I had, but but but but what I’m saying is this is this is this is a this is not a way to sort of make money. You know, I think this is it’s just that I think this is this could make my strong intuitive sense is that having a public platform that is maximally trusted and and and broadly inclusive is extremely important to the future of civilization. But you’ve described I don’t care about the economics at all. Yeah, and he’s right because he’d be paying an enormous amount of money and you’d have to liquidate some of his other assets, perhaps, and Tesla in order to purchase it. As I say, at the bottom of the hour, we’ll have an expert to help walk us through this. Charlie Gasparino, what Vanguard did today and depending on how he interprets this, I may take all my money out of Vanguard. Look, I put my money where my mouth is, it’s that simple. If Vanguard’s purpose here. Is to tackle and block Elon Musk. And to prevent him. From truly creating a reformation in social media, because if he did this with Twitter, Facebook and the others would die on the vine, if they don’t, they don’t compete on similar terms. If that’s what Vanguard did, it’s time to get out of Vanguard. We’ll be right back.
Hour 1 Segment 2
All right, just in a few minutes, we have Charlie Gasparino walk us through it, but I’m guessing Vanguard was solicited by the existing board to to try and block Elon Musk. I don’t know. And I don’t know what Elon Musk’s options are. We will explore that as well. But this battle of the Titans is a battle essential to free speech in this country. And you heard what Elon Musk had to say, I take him at his word, why else get involved in this? And as a result, although most people won’t draw the line, but I will because I’ve I’ve had enough with our Department of Injustice and so forth, Gasparino, text it out. Earlier today, we tweeted out, coincidentally enough, that that day Elon Musk offered to buy the rest of the Twitter stock. But a legal source tells him and Fox News that the FCC and the Department of Justice have launched what he described as a joint investigation into a myriad of Musk regulatory issues, primarily involving Tesla guys trying to to build up a business he’s trying to contribute to his country of he’s making tens of billions of dollars. Why do we care? What do we care? I’m not going to get the tens of billions of dollars, neither are you. He’s not taking one penny from us, not one unlike the federal government that takes every penny it gets from us or state or local. And then, you know, often uses it against us or our interests or our values. This gentleman is running a company, he’s running an electric car companies way ahead of everybody else. He was ahead of GM and Ford and all the rest of them. And he’s cut out of the Biden administration when they have meetings on these electric vehicles because he’s non-union, because he moved out of California to Texas. Wow. We can’t have that, can we? And here he is. Trying to do, quite frankly, a public service for the United States, and if he makes money doing it, God bless him. Trying to take Twitter. And fix it. So it becomes what it what it was founded to become, the representations that this company made in 1994 to the U.S. Congress to get special privileges. And here’s a guy is saying, why do you say. OK, yeah. There may be times when we have to ban people or. Give them a time out. When I heard that phrase a couple of years ago, that’s when I said, you know what, I don’t need bureaucrats and pukes, leftists at Twitter or Facebook giving me time out. I’m not three years old. I don’t need a time out from them. They need a time out from me. That’s why I left Facebook and Twitter. I left before they did what they did to former President Trump, which is an outrage. An outrage, everybody knows that this is part of the left agenda, everybody. Look what Zuckerberg did in the last election. The algorithms need to be public, he says, what the hell is wrong with that? That’s fantastic. So transparency, competition of ideas, free speech. That’s the emphasis. With certain exceptions. That’s just too much. You see, it can’t have that, say the oligarchs. We’ll be right back.
Hour 1 Segment 3
Charlie Gasparino, Fox Business, Fox News Channel Foxy guy, I guess. Charlie, how are you sir? How are you doing Mark. Appreciate it. Very, very well. You know, we don’t talk enough, but this is very, very important to the American people. I think what just took place, Charlie, in terms of what? Elon Musk. Oh, OK. OK, yes. Well, this is the story of the century. I mean, yes. Here’s the thing that that’s so fascinating about this. This guy is like a WOAK guy. That’s not WOAK. He’s a guy that creates these electric vehicles that’s supposed to save the planet. Yet he tells people we still need to drill and we still need gas guzzlers because guess what? Poor people can’t afford my, my, my electric cars. He’s a free speech zealot, which is a good thing. I got a libertarian yet not. He’s even more than that. I mean, this guy believes we should be throwing stuff at each other and coming to a conclusion, which I think you agree with that. And I agree with that too freely. You know, within obviously within reason we don’t want to be right. We’re not advocating violence here. But I’m just saying he rubs. He’s a Silicon Valley guy that rubs Silicon Valley the wrong way. And now he wants to take their prized possession, the thing that allows them to keep conservatives and libertarians and free thinkers in check, which is Twitter, which is the new public square. Let’s face it, it’s very powerful and popular. And he and if he gets it, which I think the odds are against him getting there, and I can tell you why in a minute he will shut you up. You’ll change that platform for the much better, I believe. And I have a point. Yeah. The other platforms can’t ignore it either. If he does. I mean, if this is an open platform with competition, a lot of people will leave those other platforms and swell into this one. They will. And you know what’s great about what he wants to do? You want to take it private. He also wants to get rid of the garbage. I mean, you know, the fake accounts that, you know, attack you, you know, call you names and just threaten you. I mean, he probably imposed some sort of a thing where you have to put a credit card in. You know, I I mentioned that to the former CEO once we I was at a private dinner with Jack Dorsey several years ago. He invited a few people and I said, why don’t you just make everybody use their real name, put in a credit card? So, you know, it is it would kill like half the lunatics that are on Twitter. And and he said, oh, we thought about it. But, you know, he gave me some B.S. answer. But but Elon is talking about doing something like that to clean up the garbage. So I think it would be great. I just don’t think it’s going to happen. I mean, he’s going to have to up his bid. To be honest with you, it was a financially unsound bid. The fifty three week high mark is was seventy three dollars. He bid fifty four eighty. He’s going to have to go to sixty if he wants to do this and and don’t play by Vanguard. What did they do today. Well now you remember Vanguard, a passive investor, right. That means they might have just had to rejigger, they invest in index funds. So they’re not like being an active they’re index funds represent what’s happening in the market. And they wait. They wait. They’re funds based on a lot of their funds. Based on what? How the market change. So that’s probably a function of just the price change that they have to rebalance their funds, not a sentiment change. OK, you have to check, but nothing sinister. No, I don’t think so, because I’d pull all my money out of there. What’s more sinister, Mark, is what I reported yesterday and Cavuto and today is that as he’s doing is the Justice Department and the SEC a wrap it up investigations. It’s unbelievable. It really it’s funny that I got this leak yesterday. I didn’t know he was going to do the bid today, but. I did get the leak and it’s real, they’re looking at them and they’re looking at past stuff and current stuff and and it’s a joint investigation, you know, who knows what they come up with. But just, you know, the fact that there’s there’s snooping around does give the the board of tests of Twitter sort of an out if they want to say no. But they could say, oh, this guy is under investigation. So ridiculous here. This guy, he he is he’s so creative, so productive. I don’t know anything about him. I have no special A for him. I’m just saying I look at he’s one of the great entrepreneurs. You look you know, he’s he’s like a John D. Rockefeller type, but for modern times. And they’re investigating him because he’s he didn’t report within 10 days. It was 20 days. Is this a joke or what? Is this it? Listen, this is what they do. I mean, I’ve know so many Wall Street guys that, you know, it’s interesting. There are Wall Street people that work for banks that had to plead guilty or settle with these guys just because they wanted they worked for a bank. There’s people that I know that were independent, that fought back and they and they won, but they only fought back because they were independent. You know, one thing good about Musk is he’s got a lot of money and he’s independent. You can fight. So in other words, people are concerned. They don’t want to be bogged down in years of investigation and litigation, which can cost millions and millions and endless harassment. Take your attention away from your business. All right. How much do you want? And you’ll give up your life. I know a guy that couldn’t get out of his bed because they were coming after him every day like it was just destroyed his family. This guy doesn’t care about something stronger. Well, I know he’s originally a South Africa. There’s something about him, though, that’s quintessentially American. Don’t you think that he went on Joe Road? Yes, he went on Joe Rogan show knowing that he’s got to secure because he does the space X, which you got to get to the DOD Department of Defense clearance, which means you can’t smoke pot. You still want a road show and smoke the joint. And he did it with the cameras rolling. He didn’t care. He was like, all right, come after me, go for it. They didn’t in the end because he doesn’t do anything criminal. I mean, you know, it’s all regulatory craftsy. But listen, he’s not this isn’t Bernie Madoff. I mean, this is a joke. I mean, you know, where are they going to put him in jail for their first off, they’re not going to put him in jail. I think they would. They’ll bog him down a regulatory nonsense. They’re going to say, oh, well, you said that your production numbers for the Tesla model, whatever Z was X, but it really turned out to be Y, Y. They just I mean, that’s the kind of stuff I think they’re looking at more. And usually that, you know, that you can get you get in trouble with that. But I mean, I’d say I can’t imagine this guy’s not Jordan Belfort here. I want to ask a question I have. Is that the S.E.C.? Where does the SEC get off talking about you have to demonstrate climate change, progress, all these companies and their filings now, where is the statutory authority for that? It’s a great question. I’ve been writing a lot about that. They have no statutory authority now. They can make it up, which is what they’re doing right now. If you go back, you know, you’re a constitutional lawyer and you probably read about the 2003 and 2004 act. That’s the sort of basis of what created the modern Securities Exchange Commission. There’s nothing in there about them delving into, you know, how companies should make the world a better place. Your company, your generally and this is based on not just the 30, 33 and 34. I’ve a case law. You’ve always been your fiduciary responsibility is essentially to the shareholders. Now, most small companies, all of them, you know, they do care about Schierholz, but they also care about their employees. That’s why they want to keep their employees. You know, we’re not talking like the 99. You’re not talking robber barons here. The modern America is not like that in corporate America. But Gary Gensler, this new excuse is the most woak guy in the world. And I think he’s he’s I think legally it’s suspect that if he pushes this, but. Oh, I challenge it. I would yeah, I would challenge it. It will be challenged. It will be. Now, you know, Joe Biden. You know what’s crazy about Biden? It’s like it’s literally everyone. Yes, I do. By the way, go ahead. Yes. I think I mean, a guy that was like, you know, came from a state that, you know, had all these establishment and I’m not a big establishment guy. But you remember, Delaware is an establishment business establishment state. Right. To control the corporate headquarters. This guy appoints communists essentially to do it very I mean, you got them down the line, not the not quite commies, but they’re kind of close, like the con at the FTC. This one at the Gigi Sohn at the FCC, Gary Gensler at the FCC. It’s really quite remarkable what’s going on here. I just retook this country so far to the left on the regulatory side. It’s I you know, they talk about inflation and they talk about the need to create supply. You can’t create supply if you got this much regulation going up. And are you one of those who believes that it’s the people around him or him or what? I think it’s a combination. I think he’s kind of I mean, he’s obviously not he’s not quite there. I think the people around him have have essentially given economic policy to Elizabeth Warren. There’s no doubt about that. She has a de facto she has a veto on all economic picks. Gary Gensler, the S.E.C. guy I just mentioned, this is a close associate of hers. And I watch his back. And it’s funny because Gary Gensler was sort of a center left, you know, Wall Street guy was a partner at at Goldman Sachs. And then somehow he became much more radicalized, you know, when he went into the private sector right before he came to. So he went the government left. Goldman went into the government, Clinton administration. Somewhere along the line, he became much less like a Bob Rubin Democrat. Remember him? He used to run to. And much more of Elizabeth Warren and Elizabeth Warren is as rabbi right now. I mean, there’s no doubt that he does what she says and he is doing that to position himself to lose the inside track. The inside word is to be treasury secretary. If and when Yellen leaves, it’s did he make his millions? He made millions. Sure. With the free market. So he’s comfortable with it. Yes. Yes. He’s very comfortable. You Goldman Sachs partner. You know, it just drives me nuts when these guys do this. It’s OK for them. But anybody else coming behind them when they make their billions and then they make their billions and they make it make it hard for everybody else to make money. I mean, it’s just really ridiculous. Yeah. And this guy must actually create stuff. He doesn’t just move money around. Well, if you think about it, you know, his company was on the balls of its rear end, you know, a couple years ago. He took it out of that. He was trying to trying to do a mental image of that. But anyway, go right ahead. It’s an old Italian New York Italian thing. My father is here. I’m sorry. Yes. Abuse Jewish. I never heard of it. Right. OK, I can say that it’s it’s you know, he basically brought the company back because it was it was really close to bankruptcy and the cars really good. Have you ever been in a Tesla? It’s not. They go from zero to 60, like very fast and very quiet and very quiet. Now, the question is, is it you know, can you do for the masses? Even he says you can’t. I mean, this is going to take time. I mean, how do I do this in California that already has brownouts and blackouts because they don’t have an electricity? That’s going to be really interesting. No, it’s really nuts. And you know what? People forget, if you want to go totally electric vehicles and musk, I’ll tell you, this is what drives busway bitin hates them. You literally have to start becoming dependent on Russia and China again because they control all the minerals. They can’t control much of the minerals that are needed to make electric vehicles. I mean, the batteries. So they are. Yes, yeah, yeah. All of it. And it’s all and China’s got tons of mines in Africa. I mean, it really is trading one, you know, one thing for another. You know, here’s the thing, Charlie. We were literally energy independent. As close as you can get, it all blows up in twelve months. It’s really discuss that, to be honest with you. And he and he doesn’t. And what’s crazy about the abidance? He doesn’t know it. And he talks about electric vehicles as if it’s some panacea that it could just happen tomorrow. Again, you got to create electricity. How do you know how are you going to create electricity without nuclear power is much actually fossil fuels and nuclear power. And they get rid of hydroelectric plants, too. So what’s left just it makes no sense. And you know what’s also happening right now on Wall Street, because I cover these guys a lot. They’re all nominally Democrats, you know, left of center. But even they’re saying now if you get them privately because they don’t want to say publicly, they don’t have that type of guts to do this on. Guys like Elon Musk have that type of guts. They’ll tell you that his energy policies are destroying the president’s energy policy, is destroying the country right now, put us in a very bad position with not just inflation, but everything else. And we could have stagflation, which means an economic slowdown and inflation because of this. Yeah, you can’t get the products no matter what the product, the value, the characteristics. People are out of work then because they can’t afford it. I mean, it’s just it’s a cycle that I remember in the 70s because I grew up in the 70s. How old are you? I’m 60 years old. Yeah, I’m 64, I grew up in the 70s to get ready to eat and I get even in odd days for gasoline that’s coming to I bet you never whip inflation. Now, of course, the button. Ridiculous. And my brother, you know, you’re terrific. We got to have you on here more often, Charlie. Anytime. I love you. Always been a fan of yours. I love you. Thank you, brother. I love you on Fox. I love your books. So I should bring you on there, too. All right, brother. Take care of yourself. God bless you, too, Negre. Point is, he knows this stuff and speaks in plain English, I don’t know this stuff. So Vanguard really wasn’t running interference as best as we can tell. That said, they don’t want Elon Musk to buy that company. It’s an enormous amount of money that says, I don’t care if you’re worth 150, 200 billion dollars, you got to pony up 60 billion excuse me, 60 billion dollars. He’s not liquid. It’s not like he has it in bank accounts is when they value one of these people. They value their industries that they control or they own or they run and so forth. It’s like Microsoft Gates never had tens of billions of dollars to spend in his pocket. Maybe can leverage it. Same with Tesla. Same with anybody. All right, we’ll be right back.
Hour 1 Segment 4
At Elon Musk, this is the way you do it. We have a lot of entrepreneurial conservatives out there. We have our own Blaze TV media network. You’ve got The Daily Caller, The Daily Wire. You’ve got a number of these platforms. Look at Breitbart. I could go on and on and on. I know I’m missing some very, very important Prager U. Again, I’m sorry if I’ve missed anybody, but here’s the point. Go up against these people, compete against these people. It can be done. It will be done. A couple of things, I mentioned this yesterday with respect to this fat slob. Domestic terrorist Frank James excuse me, Frank R. James, not to be confused. I told you that if this guy. Had been of the. Extreme, right, none of us are of the extreme right, constitutional conservatism is not of the extreme right. It’s right in the center, as a matter of fact. But if he had done this kind of damage and had a Liberty and Tyranny book or American Marxism book, I’d written something down about how he follows the Mark Levin Show that will be splattered everywhere. The purpose of which is to try and destroy me and to try and show all the other hosts. That they ought to find another profession. Have they looked into Frank R. James’s radio listening patterns, television watching patterns, the books that he has is Yemeni. I’m just curious, critical race theory stuff. I don’t know. Does he watch the fantastic primetime line up at MSU LSD? Does he weather slamming away Joy Reid and the others at the white people in the white dominated society pushing all that racist? I’m just curious. Is anybody looking?