I'm Carl Kintanilla. You're listening to CNBC's Tech Check. Our show is live weekdays at 11 a.m. Eastern.

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Good Thursday morning. Welcome to Tech Check. I'm Carl Kintania with John Fortin, Dear Drabosa.

Today, the major indices slipping despite this strong start to the quarter. We're going to check in on a few sectors within tech, including some big calls

today from Goldman on pins and take two. Plus, the state of hardware, stocks and consumer spend,

a key theme going into Q4 and the holidays as the biggest names make big bets on their latest

launches. John is live at the made by Google event in Brooklyn, taking a look at the latest

phones and watches, some of their reported at least sales targets. D, going to get interesting. They will. First, though, you probably know this by now. It is a fast-moving story with a lot of new details coming out. It seems like by the minute. And that is, of course, the Elon Musk Twitter deal. The drama continues,

and our own Julia Borson has the latest. Julia? Well, Deirdre, Elon Musk was scheduled for

a deposition today. That deposition has not been happening. It has been delayed. But the trial,

it is still scheduled to start on Monday, October 17th, and there is time to

take his deposition in the next week if the two sides don't close the deal.

Sources telling me that while Musk has agreed to a price, there still isn't certainty about

the deal closing, and if the deal isn't entirely done, that the trial will go forward as planned.

So I am hearing from a source close to the situation that in recent weeks, Musk's camp did look

for a roughly 10% discount to the agreed upon a $44 billion price tag for Twitter. But now that

Musk has agreed to the price, the question is how it financially

gets done. While Musk does plan to cover much of the $44 billion by selling down his stake

in Tesla, he did raise $12.5 billion from major banks, including Morgan Stanley, Bank of America,

and Barclays, which each committed two and a half

billion dollars. So the question is whether these banks could consider the drama of the last

five and half months to be a material adverse effect and to try to use that to walk away.

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