Court could FORCE Musk's TWTR takeover

Musk wants out, but Twitter wants his money ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ Well, we had quite a weekend.... Elon Musk's Twitter takeover is off. The TecnoKing wants out, but Twitter is dragging him into the courts. Will they force him to go through with it? And does that mean TWTR's price can recover? The government of Sri Lanka collapsed... and it's probably not going to be the last one as countries around the world are struggling under debt and rising inflation. And it looks like Europe is crying uncle when it comes to obtaining Russian gas. But all of that is secondary to the big story of the week. We'll be the getting the consumer price index for June on Wednesday. That's going to set the tone for all trading this week because it is going to show whether the Fed's campaign to control inflation is working or just making this worse. The expectations are that it is going to show inflation was even higher than in May. Traders have mixed feelings about what's going on. Last week's strong jobs numbers showed that a recession is not inevitable. But if the Fed can't get inflation under control... and the central bank decides more extreme interest rate hikes are warranted... Well, that's not going to be good for the NASDAQ's comeback prospects. At a time like this, more than ever, you need to be grounded in a system. There are always going to be breaking news reports and panicky traders, but you can separate yourself from the pack with consistency. Don't miss Chris Hood's column today on how to deliver consistent profits. Keep Moving, Any strategy that makes you money consistently is worthwhile. Though many new traders believe that trading is primarily about indicators and tools, Chris maintains that it is at least 95% about emotional control. This is especially relevant in this bearish, choppy market which has made the trading world extremely difficult. Learn some pro tips to come back from your losses and stay in the game. [CLICK HERE TO WATCH]( WORD ON THE STREET Trump Mocks Elon, Sir Lanka Anarchy, Energy Shortage Incoming - France Braces For Cutoff Of Russian Gas - Bruno Le Maire, French Economy and Finance Minister, said his country should prepare for a "total cut-off of Russian gas," which he called the "most likely option." The country is scrambling to identify which essential enterprises will be guaranteed access to gas. "Due to the energy crisis, due to the war in Ukraine, we could have to face a difficult time, which means that we need to be prepared," he said. - Sri Lanka In Chaos After Government Collapse - President Gotabaya Rajapaksa has not been seen after reportedly fleeing the country following riots which saw crowds storm the presidential palace (and go on to enjoy its gym and swimming pool). Following a plan to transition to "organic" agriculture by banning imports of synthetic fertilizers and pesticides, food prices soared, adding to the inflation already caused by the Russian invasion of Ukraine. Though the president will reportedly resign this week, it's unclear who, if anyone, is in charge in the country, as angry mobs continue to roam the streets. Even as they stormed the presidential palace, protesters waved the national flag - Trump: Musk "Another BS Artist" - In case you really need to ask, '45 used the expletive, but this is a family publication. At a "Save America" rally with congressional candidate and former governor Sarah Palin in Alaska, Trump taunted the Tesla TecnoKing for backing out of his Twitter deal. "Elon, Elon, Elon," he scoffed. "He's not going to buy Twitter. And where did you hear that before? From me." He also promoted his "Truth Social" social media company. Digital World Acquisition Corp (DWAC), the SPAC that is buying the company operating Truth Social, was up more than 15% in after-hours trading Friday. - The Rent Is Still Too, Uh, Darn High - The national median asking rent already surpassed $2,000 for the first time in May and rent is up 27% in New York City over the past year. Rent prices are increasing at a rate four times faster than paychecks, leading to a crisis for many low-income Americans. This "tool" earned over $400k in 12 months. Video uncovers the winning tactics that handed one trader an average $7,300 in profit every week using just shy of $12,000 in capital. [Watch The Official Replay Right Now — Click Here]( HOT SPOTS: What's Going on in Geopolitics - Dueling Offensives In Ukraine - Ukraine warned civilians in occupied Kherson that they might need to evacuate as it is reportedly preparing an offensive to "de-occupy" the territory seized by Russia. Meanwhile, British intelligence reports that the Russians are transferring reserves in preparation for a renewed offensive against remaining Ukrainian-occupied territory in the self-proclaimed "Donetsk People's Republic." We may see two different offensives launched on entirely different fronts, with each intended to drain forces from the other. - Germany Backing Down On Nord Stream - Canada is reportedly releasing a Russian turbine to Germany that is needed for the Nord Stream 1 natural gas pipeline. Russia has cut gas shipments to Germany but said it would release more if the turbine was replaced. Germany faces almost certain hardship without shipments of Russian natural gas. - US "Concerned" With China's Support Of Russia - Secretary of State Antony Blinken said that he told Chinese Foreign Minister Wang Yi that "we are concerned about the PRC's alignment with Russia." The United States is walking a delicate line, trying to prevent China from openly supporting Russia but not wanting to push it entirely into Moscow's arms by bullying. An American official said that there was plenty of "candor" in the meeting, which suggests that it was probably pretty fiery. CUTTING EDGE: What[']( Happening In Tech - Another Bite Out Of Apple - The company's App Store is under fire in the United States and already tied up in the courts. Now, the UK is also taking its shot. The United Kingdom's Competition Appeal Tribunal is letting the equivalent of a class action suit to go to trial. At the top of the charges is "unfair pricing," with the App Store allegedly taking huge commissions, as much as 30%. At that level, one might even wonder why making an app is worthwhile. - Twitter's Troubled Future - Many employees are joyful that Elon Musk will not be taking over Twitter, but that doesn't solve the company's problems. With digital advertising not bringing in the revenue it needs, Twitter may look unattractive if Musk is able to withdraw his bid. Still, we're going to see an interesting legal question - can you force someone to buy something they don't want to buy anymore? And if they say no, what is the criminal or financial penalty? Barring a settlement or a takeover at a lower price, which may be Musk's goal, we're going to find out. - I'm From The Government, And I'm Here To Help - Fed Vice Chairwoman Lael Brainard is taking the lead in investigating cryptocurrency, and she's not happy about what she sees. "Recent volatility has exposed serious vulnerabilities in the crypto financial system," she said at a speech in London. She drew special attention to cryptocurrency lending firms that allegedly "combine activities that are required to be separated in traditional financial markets." The Fed looks like it is moving closer to a central back digital currency, which Brainard thinks "may be an advantage for future financial stability." FOR YOUR CONSIDERATION "I maintain that trading is 95% discipline and emotional control. So when someone has a flashing entry or exit signal on the screen and doesn’t follow it, that’s not the tool’s fault." ignore the human factor. Trading isn't just about math... it's about self-control. The successful trader masters himself before he masters the market. Let's get practical... read Chris Hood today on what this means in real terms... and how it can bring in real money. [THE KEY TO CONSISTENT PROFITS]( Enjoying Dawn Report? Learn something, made some money? 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