Musk Joins Twitter's Board, Markets and Fresh Sanctions, Carnival Jumps on “Busiest Booking Week” and Starbucks Falls on Day Two of Schultz's Return As CEO 4/5/22
Carl Quintanilla, Jim Cramer and David Faber led off the program with the big news of the morning. Elon Musk is joining Twitter's board and while serving on it, he has agreed not to own 14.9% of the company's common stock. The anchors discussed Musk's tweets related to the news and the impact he could have on Twitter, its stock and the social media landscape. Also in focus: Carnival leads the cruise stocks rally after announcing its busiest booking week on record, market reaction to the European Commission proposing a fresh set of sanctions against Russia, Cramer on buying Facebook parent Meta Platforms on the dips, and Starbucks shares under pressure: What interim CEO Howard Schultz reportedly told employees about making decisions based on the stock price.
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