Man, oh man, we have a lot to talk about over the past weekend, just some of the craziest things transpired and we got ta get into it in this particular video. Honestly, it blows my mind that uh, what i'm talking about it blows my mind that it's even real numero uno, elon musk, the world's richest man, exposing potentially exposing one of the previous richest men in the world bill gates. That's an insane story in itself, but also on elon. We have another story that whole saga with twitter.

Well, we have the next chapter and that twitter's board might actually be willing to listen to his offer, which is crazy. So that's the recent development there and really what i think is going to come from this or why they're doing it is so they don't get sued to kingdom come obviously we'll be diving more into that and last but not least, numero treso. We got ta talk about the overall market, there's been a lot of volatility on the bearish side. Unfortunately, so i want to be going over why this has been happening and what to look forward to next, because i don't think it's going to be slowing down whatsoever and obviously i'll be ripping through it as quickly as i can just to keep it.

Nice and concise, but we have three important things to really be getting into. Obviously, if you enjoy this type of content, don't forget to hit the like button join up with the moving game by hitting the subscribe button and, besides all that, let's get to it. So maybe you were able to take a little bit of a break from the internet over the weekend and i very much applaud you, but you missed out on some fireworks now before we get into these texts. I just want to clarify that the person who posted the text then asked elon if they were real and elon did confirm yeah, but i didn't leak it to the new york times.

They must have got it through friends of friends. I heard it from multiple people that ted that gates still had half a billion short against tesla, which is why i asked him, so it's not really exactly top secret. I want to bring this up just to know that eli. This isn't just like some random text.

Conversation elon did confirm that the overall either the exact matter or the sentiment of it, is true and obviously like you're gon na know that this is gon na be negative, because he just confirmed that bill gates, betting against tesla, which is elon's company. So you know you're in for a bit of fireworks, but it really starts on the second one here, elon asked bill gates. Do you still have a half billion short position against tesla and sorry to say? I haven't closed it out. I would like to discuss philanthropy possibilities, sorry, but i cannot take your philanthropy on climate change seriously when you have a massive short position against cesar the company doing the most to solve climate change, so a little bit of a dunk right there, but elon being elon.

He just had to push it clearly to the next level. In fact, he skipped a couple in case. You need to lose a boner fast folks. This happened.

This is real life. The world's richest man said this about the previous richest man bill gates, and then he showed this picture in case. You need to lose a boner fast after kind of exposing him for betting against his company, obviously trying to help out with environmental impact there, and then, of course, he has shadow band council. Reviewing the tweet elon he's just been on one lately and it is crazy.

Crazy to see it play out, obviously this latter part a bit more of a joke, but the first part i do find that interesting. I mean really inherently. It is the fact that he's saying, okay and bill gates he's known for getting a lot of people who are hold ultra high net worth to kind of sign on with the fact that they're going to help with the climber or various other charities. But this is a good logical point of well okay, if you're so for the climate and making the world a more green, sustainable type of world, especially through technology.

Why are you, betting against tesla, very, very interesting, but elon, like i said, he's had a lot going on so moving on uh for making fun of gates for shorting tesla, while claiming to support climate change action. So that was a little bit. I guess of a weekend troll just something to keep his own brain juices flowing. I suppose, but remember the big other troll that he's in right now, maybe not actually troll is the whole twitter saga.

We got the newest update for you. There, twitter, re-examines, elon musk's bid may be more receptive to a deal and it's all going down on sunday april 24th, if you're watching this in real time, twitter is re-examining elon, musk's, 43 billion takeover offer after the billionaire lineup financing for the bid and a sign. The social media company could be more receptive to a deal. You might be thinking what changed.

Why are they more receptive? I think it's one of these things that it's now well documented that the board itself doesn't actually own that much of twitter percentage-wise. In fact, elon himself magnitudes more than all the board put together, and it's one of these things where they just kind of said: no, it wasn't put to a shareholder vote or right away, they just kind of said no, and now it's getting into the realm that I've alluded to before of: are they just breaking their fiduciary responsibility? Literally, even if it wasn't a fair value, i mean it was clearly. The offer was at a premium to what twitter's trading app so isn't that something that should at least be considered at a minimum, and now i think that they're at the point where we're like okay well, like let's, let's bring this back - let's re-examine it just so They don't get sued to kingdom. Come twitter had been expected to rebuff the offer which mr musk made earlier this month without saying how he would pay for it, but after he disclosed last week that he now has 46.5 billion.

So he has another 3.5 billion to a little bit of wiggle room. There twitter's taking a fresh look at the offer and is more likely before to seek to negotiate people familiar with the matter said. The situation is a fast moving and still far from guaranteed. Twitter will do so so this isn't guaranteed yet, but allegedly they are speaking today, sunday april 24th.

The two sides are meeting sunday to discuss mr musk's proposal. Mr musk. She said he sees no way. Twitter management can get the stock to his offer price on its own, given the issues in the business and persistent inability to correct them.

So it's that line. Obviously, that's why that highlighted and that's why i wanted to bring it up to you that i really think that it's the twitter board, covering their own ass of, like okay, hang on a good lawyer, can most likely make the case that it should at least have Been considered because it's such a premium and then there's other people issues with the business, persistent inability to fix, said issues, so i don't think that they're going to be like. Oh all, of a sudden. This is great offer.

Let's do it, let's take it private! No! No, no, i think this is very much of the board. I would argue historically doing what they have done of just exclusively looking out for themselves. Mr musk already said he is considered taking his bid directly to shareholders by launching a tender offer now. This is, i think, something that they could legitimately do and by they i mean elon musk and now the people aligning with elon musk, because i don't think that the board is going to take the initial offer that we already see going on.

But remember with the tender offer as you're about to see, there's still a big problem. If he chooses to go that route, it's the poison pill issue, even if he was to get significant shareholder support in a tender offer which is far from guaranteed. He would still need a way around the company's poison pill: a legal maneuver. It employed that effectively blocks him from building his stake to 15 or more so, basically, when it gets up to that, they're gon na offer shares to already existing shareholders.

So now the amount of shares in existence become more that balloons, but mathematically. It's a mathematical sleight of hand that percentage ownership would drop so they're going to stop him from getting above 15.. It's very much cutting off your nose to spite your face because they said basically, we don't want mr musk to have it so we're going to dilute our own stock uh. It's obviously a very, very interesting development.

This saga super interesting and it's more than just the drama. I do admit. I find the drama just to be interesting because you're getting all this great content from elon himself, but the reason i'm bringing it up to you - and this is my question for all of you watching this video is at a certain point. We have to connect it back to the stock and the fact that there is going to be giant gyrations and volatility in twitter, ticker, symbol, twtr and my question.

All of you is, would you invest, would you buy calls, would you stay away from it? Would you buy puts, do you think it's going the other way uh, because with it with all this insanity, it's one thing to like laugh and kind of like be like. It is crazy - and i guess at the superficial level, we're laughing but then below that it's a little bit more serious, because not only is there money making opportunity because that's what you get whenever there's volatility, but on top of it we are kind of talking about A very important aspect like freedom of speech, global freedom of speech, so there are kind of things on the underneath that i think that's why we should continue to pay attention to the story and even if you don't care about that, you're like hey, i'm not going To take on this big political fight, well, you should care at least for your own wallet that, like these huge movements that we're seeing in twitter, i mean man, there's crazy stuff, going on it's currently trading just below 49, and i don't think the volatility is going To slow down at all, especially this upcoming week, and not just because of this story, but because it's earnings we're going to hear from twitter's board before the market opens on thursday of this upcoming week. Uh beyond that you're going to see big volatility in the entire market, the spy, the queues, everything, obviously the overall market, the s p 500 has not been looking the best and i'll talk about that, but even on an individual basis, look at. We are in the heart of earnings season, we have ge, we have microsoft, we have alphabet aka, google, we have visa, we have gm, we have chipotle chipotle's reporting, that's an important one: boeing, spotify facebook, aka meta, paypal, ford, qualcomm, twitter, amazon.

The list just goes on and on mcdonald's intel, huge, huge earnings week. All there's many names on these. This list right here that has the power to sway the overall market, namely right here, facebook and apple. There are gon na be massive names: microsoft, google, we, these are huge huge, some multi-trillion, many big big billion dollar companies.

Uh. It's going to be important to know how they are doing we're already a little bit underweight with earnings season. We had a lot of financial companies report, they all did pretty well. There was a couple who kind of missed such as wells fargo.

Then we had a couple energy and then more so, like airlines, airlines doing very very well, but remember even with this, we're also facing the overall economy in the face and really what i should be saying is we're staring down the barrel of inflation. Remember, may so not this upcoming week, but the next week we're getting the next fed meeting may 3rd to the 4th. This will be big for the overall market. How hawkish are they going to be the more hawkish? They are look for things to go red in this particular scenario.

Really just this isn't always a golden rule, but for what's going down right now, think hawkish is bearish for the stock market and dovish is bullish for the stock market. The reason we're seeing this extreme rent well from a technical perspective. We did bounce off of the 200-day moving average pretty perfectly on april 21st. But on top of that, why did we get that rejection in two very noteworthy red days? Well, there's just commentary from the fed and various other big wig, important, allegedly important people that yeah, i know they're just going to be hawkish they're talking about it's going to most likely be a 50 bips increase on this meeting, we'll get the results at 2 p.m.

On wednesday may 4th and then jerome powell will speak at 2 30., but from there, how aggressive are they going to be with their balance sheet normalization aka balance sheet reduction, really taking that 9 trillion back out of the economy that they were very rapidly injecting into It to get us through that whole rhona period, so crazy, crazy, important stuff going on. Obviously you have this insane stuff of just elon dunking on bill gates, kind of exposing him. We have the craziness with twitter and then obviously we're going to know more about twitter on thursday. On top of that, so many mega companies going to be reporting and then we also have the fed.

So the way to sum this all up is expect massive massive volatility. Now with all that being said, i do have a couple questions for you. Obviously, i'm very intrigued about your thoughts with elon and twitter and what's going on there, but really, how do you think this is all going to go down with earnings and the fed, because we've seen some bullishness in the earnings, but we're also looking at? Maybe not the best really monetary situation right now, as in we have serious inflation four decade high and they're going to be looking to fight it and the way they fight it. A side effect of that is not the most accommodative for the most accommodative environment for markets, so keep that all in mind, but i would love to get your thoughts and a comment below.

I appreciate your time i'll catch you in the next video have a beautiful day.