Mar 27, 2019

Judge sets date for Elon Musk contempt showdown with SEC

Photo: Joshua Lott/Getty Images

A federal judge confirmed Tuesday she would soon hear oral arguments in the Securities and Exchange Commission lawsuit asking Elon Musk be held in contempt for allegedly violating a settlement agreement.

The details: The SEC says Musk should be held in contempt for tweeting "inaccurate" information about Tesla in a Twitter post that was in "blatant violation" of a settlement intended to resolve a lawsuit over an earlier tweet the regulator said was misleading.

The big picture: In the February 19 tweet, Musk said Tesla would build 500,000 cars in 2019. He clarified on Twitter soon after Tesla would build at an annual rate of 500,000 cars by the end of 2019 but it would only build 400,000 cars this year. Musk's lawyers said the SEC's action was an "unconstitutional power grab."

What's next: U.S. District Judge Alison Nathan set the Manhattan hearing date for April 4 at 2 p.m. Eastern, Reuters reports. Nathan will decide if Musk should be held in contempt of court and whether he should be punished.

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Warren sees bump in national poll following Nevada debate

Photo by David Becker/Getty Images.

Sen. Elizabeth Warren surged to 19% and second place in a CBS News/YouGov national poll released Sunday, trailing front-runner Sen. Bernie Sanders (28%) but edging out Joe Biden (17%) and Michael Bloomberg (13%).

Why it matters: The poll notes that only 42% of Democratic primary voters have made up their minds. While Warren underperformed in the first three states, her strong debate performance in Nevada last week may have given her campaign new life.

Pence aide says intel report of Russia helping Trump is "false information"

Marc Short. Screenshot: Fox News

Marc Short, chief of staff to Vice President Mike Pence, claimed on "Fox News Sunday" that the White House has not received intelligence that Russia is seeking to help President Trump win re-election, calling it "false information" that has been selectively leaked by Democrats on the House Intelligence Committee.

The big picture: Short and national security adviser Robert O'Brien both dismissed reports published in the Washington Post and New York Times last week about a briefing provided by top election security official Shelby Pierson, an aide to outgoing acting director of national intelligence Joseph Maguire.

Bernie's juggernaut

Sen. Bernie Sanders speaks in San Antonio last night with his wife, Jane. Photo: Eric Gay/AP

Sen. Bernie Sanders won so big in the Nevada caucuses that Democrats are hard-pressed to sketch a way he's not their nominee.

Driving the news: With 60% of precincts counted (slow, but better than Iowa!), Sanders is running away with 46% of delegates — crushing Joe Biden's 20%, Pete Buttigieg's 15%, Sen. Elizabeth Warren's 10% and Sen. Amy Klobuchar's 5%.