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Transcripts for MSNBC The 11th Hour With Stephanie Ruhle 20240604 03:14:00

department said that warns should remain sealed, so they must have been worried, in some way shape or form, that if that information got out that it might compromise the investigation, it might lead witnesses to climb, up or evidence to be moved, or something or other. but right now i wouldn t read too much into this except to underscore just the massive amount of alleged lawbreaking that donald trump is involved with. i mean, it is unlike any other president of the united states in our history. john, let s talk about peter navarro. he is not a serious person, he is a hard-core trump loyalist in some part because, basically, jared kushner found peter navarro on the internet under a rock, and getting to work in any administration was the opportunity of a lifetime and now here he is, still behaving like a human shield for trump and using very heated, scary

Transcripts for MSNBC The 11th Hour With Stephanie Ruhle 20240604 03:37:00

this is all about with the best man we know, nbc tech correspondent jake ward. jake, i want you to explain all of this to us. first, re-branding the company as the letter x. you have wall street analysts who believe the company could use billion dollars of brand value, not to mention the letter x on the internet is going to fast-track you to a porn haven. i know, i don t know stephanie. elon musk is so exhausting to cover because he is so indomitable about these ideas which, to any sensible wall street analyst or tech journalists, don t make any sense. the thing we have come to understand in the last few days about is mania for this idea is that he has had it for a long time. it turns out that, back in the year 2000 during his short-lived tenure as the head of paypal, elon musk went after the same concept. but an all in one, online banking and everything app that was going to be cold x at the

Transcripts for MSNBC The 11th Hour With Stephanie Ruhle 20240604 03:38:00

time. he was so slavery devoted to this idea that, in fact, it seems to have gotten him ousted from that job and that is why peter thiel wound up the head of paypal. so this seems to be something like a kind of maniacal return to something that is really, really devoted to in a kind of former life, but it is driving him to, as you say, erase billions of dollars in value. white out a company whose name has become a verb, tweeting has become a verb. there are whole movie plot built on it people. would die for the kind of brand value that twitter had. he s wiping it all out it seems in something that he was into a couple decades ago. x already has a distinct brand on the internet and it has nothing to do with what twitter does. but my question is, can he even pull it off? he may have had an idea for years, but according to reuters, there are hundreds of companies out there that actually hold trademark rights to the letter x, including mark zuckerberg

Transcripts for MSNBC The 11th Hour With Stephanie Ruhle 20240604 03:39:00

who, of course, runs meta. this is the crazy thing about it, not only will it conceivably help, it turns out that it is not enough to be really, focused on this idea and have been that way for two decades. it turns out that it s not that way to have the domain name, he bought it off of table in 2017. you ve got to have the trademark, and it turns out that he doesn t own that trademark. lots of other companies do and, if it was just small companies then you could conceivably surmise that elon musk could outlast them in court, outspend them in court, no big deal. but he would have to go up against marcus october for this one. i was looking at the pattern filing for x under meta s registration. it is for everything, it goes on and on about what it could be four on the internet. the transmission of data on the internet under lame x is covered by a patent registration that facebook holds, not to mention microsoft which uses x in a path filing having to do with xbox. you re not gonna go

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