Musk Opts Out, Nio Hikes Prices & Suspends Production, Cleveland Fed President Mester: Increased Recession Risk, A New Era for Warner Bros. 4/11/22
b'Carl Quintanilla, Jim Cramer and David Faber discuss the big breaking news of the morning. Twitter CEO, Parag Agrawal announcing Elon Musk decided not to join the company\\u2019s board. He writes in the announcement, \\u201cI believe this is for the best. We have and will always value input from our shareholders whether they are on our board or not. Elon is our biggest shareholder and we will remain open to his input.\\u201d Musk over the weekend tweeting a number of ideas about how he wanted to change the social media company, which have since been deleted. One tweet suggested turning Twitter\\u2019s San Francisco HQ into a homeless shelter because \\u201cno one shows up anyways.\\u201d Amazon\\u2019s Jeff Bezos responded to that tweet saying it was a great idea and shared a story of a similar initiative at Amazon. Plus, David breaks down the future of Warner Brothers Discovery, which began trading over at the Nasdaq at the open. Carl, Jim and David discuss investor and economist fears of a recession ahead. Including comments from Cleveland Fed President Loretta Mester saying there is an increased risk of recession, but she remains optimistic. Also, Nio shares slumping on news it\\u2019s going to be hiking prices and suspending its production.'