{"id":1431941,"date":"2022-04-11T22:29:55","date_gmt":"2022-04-12T02:29:55","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1431941"},"modified":"2022-04-11T22:30:00","modified_gmt":"2022-04-12T02:30:00","slug":"breitbart-business-digest-musk-gets-what-he-wants-attention-while-mortgage-rates-soar","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/breitbart-business-digest-musk-gets-what-he-wants-attention-while-mortgage-rates-soar\/","title":{"rendered":"Breitbart Business Digest: Musk Gets What He Wants (Attention) While Mortgage Rates Soar"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbreitbart-business-digest-musk-gets-what-he-wants-attention-while-mortgage-rates-soar%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1431941&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><\/div>\n<p class=\"subheading\">Only a couple pieces of major economic data were reported Monday, which gave the financial media a chance to spend a lot of time chattering about Elon Musk and his manipulations.<\/p>\n<p>It emerged on Sunday that the pro-China tech mogul <a href=\"https:\/\/www.breitbart.com\/tech\/2022\/04\/10\/elon-musk-decided-not-join-twitters-board-directors\/\">declined<\/a> an invitation to join the Twitter board. Musk\u2019s super-fans speculated that this is because he\u2019s planning a hostile takeover of the social media platform. Elon-skeptics, however, noted the victory-lap-like statement from Twitter CEO Parag Agrawal which <a href=\"https:\/\/twitter.com\/paraga\/status\/1513354622466867201?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1513354622466867201%7Ctwgr%5E%7Ctwcon%5Es1_c10&#038;ref_url=https%3A%2F%2Fwww.breitbart.com%2Ftech%2F2022%2F04%2F10%2Felon-musk-decided-not-join-twitters-board-directors%2F\">specified<\/a> that the board seat was \u201ccontingent on a background check.\u201d No one other than Musk truly knows why he didn\u2019t join the board, but it is clear that Musk knows what he wants (attention and money) and is getting more of it every day. Though it would be delicious to see the wokesters at Twitter get put in their place, we remain skeptical until Musk makes a bigger move. It would only cost him about another $15 billion.<\/p>\n<figure id=\"D-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"M-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"gmxrevmore\" class=\"H\"><\/figure>\n<p>Meanwhile, Tesla\u2019s Shanghai factory (of course Musk has a Shanghai factory) has been shuttered due to severe COVID lockdowns imposed on the city by the Chinese Communist Party, and there is no sign that it will be open for many weeks. The lockdown\/COVID fear has also made it back stateside, where Philadelphia has reimposed mask mandates. Dr. Fauci has suggested for weeks that Americans should brace to lose more freedoms; don\u2019t be surprised if he gets his way.<\/p>\n<figure id=\"M-ROS-B2\" class=\"a8d\"><\/figure>\n<p>Thirty-year fixed mortgage rates ballooned to well over five percent (they were recently below three percent), the highest in 13 years, according to the National Association of Realtors. While everyone saw this coming, it is shocking to read this figure nonetheless. House affordability already nosedived during the pandemic, when people fled city apartments and tried to get in on the home-ownership gold rush. Now with rates rising for the foreseeable future, many Americans are priced out of the housing market.<\/p>\n<p>If all of this sounds gloomy, you\u2019re not alone. Consumer inflation expectations are over 6.5 percent, which is easily a record. Americans believe that virtually everything is going to get more expensive, and they are not expecting significant wage growth.<\/p>\n<p>Meanwhile, the White House again blamed pain at the pump on Vladimir Putin and greedy oil executives.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Only a couple pieces of major economic data were reported Monday, which gave the financial media a chance to spend a lot of time chattering about Elon Musk and his<\/p>\n","protected":false},"author":16,"featured_media":2315279,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1431941","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1431941","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1431941"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1431941\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1431941"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1431941"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1431941"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}