Debt Ceiling Meeting Extended, Elon Musk's New Hire, and Portfolio Protection 05/12/23

Worldwide Exchange - A podcast by CNBC

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The meeting between President Biden and Congressional leaders slated for today has been postponed until early next week. Stifel's Brian Gardner discusses the latest. Plus, Elon Musk says he's found someone to run Twitter and its parent company, X Corp. Vox's Sara Morrison breaks down the details. And, how are investors protecting their portfolios amid growing concerns of an economic downturn? Harris Financial Group's Jamie Cox and Horizon Investments' Scott Ladner weigh in.