>> i am going to xle. >> [ indiscernible ] >> dan? >> i like snap. >> all right, thank you for watching "fast money". we will see you tomorrow morning . "mad money" with jim cramer starts right now. there is always a bulwark. i promise to help you find it. "mad money" starts now. hey, i am cramer. i am trying to make you some money. it is my job, it is not just to

entertain, it is to educate and teach on this glorious day. stomach today's action for today's action is what peak inflation looks like. yet the consumer price index number that was down versus last month. what happened? the dow roared 535 points. yes appeasers 2.13%. the nasdaq went up 2.89%. statically put another way, peak inflation is nirvana for stocks, especially out-of-favor stocks like financials. you can purchase everything from mike resolved to wells fargo to target, and even disney. that is roaring tonight after smashing it order. i did tell you, i would have been crushed if it weren't. i would be sad as well.

>> we have a lot of nonsense. this is the main part. we have a lot of nonsense from both x dreams about the trenton number. the president crowd we have 0% inflation, which is absurd. we have plenty of inflation. then we the other extreme, the chancellor refuses to believe that the fed can do anything about it. they have made it personal, as far as i'm concerned. they say this requires a bold and aggressive action. i do not like these people. these camps are motivated by ideology, compared to the facts. it is insane not to recognize that the fed hit us with two 75 point base hikes in a row. that is an extraordinary move, and it is working. for the last month, i said we are at peak inflation because commodity prices are collapsing.

i have seen so many tightening circles, that i know how they play out. there has to be a benefit to being old. this is the only one i could think of. peak inflation starts from the ground up. you have to look at the individual companies that make things. if you did that, instead of looking at the big picture spending numbers, you would have seen this coming. or, if you watch "mad money", i have known this for six weeks. if you do the homework, you know virtually nothing we make in this country is about to be exploded due to supply chain problems that cleared up, truckers that went back to work, crops that survived, plastics in factories that are up and running again, or any number of situations where supply has overwhelmed demand. clothing, cell phones, televisions. at the same time, demand has been crushed through gasoline and travel. it came together at once in this beautiful number this morning. if you missed it, if you are only looking at the macro data before today, i have to tell

you, go get another job. at least get out of my face. what happens next? the extremist will be completely wrong. they will not be written, because they are above the fray. if history is any guide, the fed will raise interest rates one or two more times. the next will be consistent with overkill. why? it is just now getting bad. we are at peak. let me give you the textbook example, this piece of tech, this is a semiconductor, it was in a glut a month ago. earlier this week, the ceo of micron came on squawking saying the glut is far worse than he thought. yes, the homebuilding stocks were strong. we will be looking at lower

mortgage rates. it's way too late for housing to make a comeback the inventory of new and old homes is growing by the day. right prices are going down. don't over think it. what else? we have a lot of different parts and pieces needed everywhere. auto, cards, factories, they have been double ordered. everything has been double ordered. the stuff you need at home depot, they were double ordering. the demand is vanishing. now, there will be future gluts everywhere there was a double ordering. there will be glut in washing machines in axles and windows, and tires. this morning, there was this ad from a dealer. he was crowing that they have 150 new vehicles available right now. we're used to having 1000 cars available that you cannot sell lsu slash prices.

in gasoline, it is plentiful. there is less use at higher prices. there is also more production. this is going by the way. you will hear that all of this is outweighed by the labor shortage. the federal government has thrown acetylene on the overheated job market with the two big ending bills. i also know that [ indiscernible ] will cause a lot of layoffs. they are retails hanging on either fingernails. at the fed takes rate up another hundred basis points, they will be pushed under. any retailer that has a problem with financing, and you know which ones i'm talking about, they might go under in the meantime. amazon reduces the workforce by 100,000 people. one by one, we will hear about belt-tightening at technology companies. newsflash, they are all in that mode. they are not in job offering mode. where will all the college graduates go? they will be going against first-year employees that just

got laid off. many companies went public doing badly. they will run out of money next year. the sales will likely not pick up. why can't see all this? right now, it is on the efficient side. we have the enterprise. you have to talk to all sorts of companies and have your ear to the ground. from my perch, i speak to more ceos than any one of the world. these executives went from not having enough product to having too much, practically overnight. they are not talk about the great resignation, they are talking about the great layoffs. feels like everyone has too many workers and too much inventory. this happened all at once. during a period when they cannot get the goods or the people to work for them, the things seemed frozen. they don't know whether they need to cut prices or strengthen the labor force. they could be promotional, this is what is in flux right now. you will see this every day from dozens of these that just went public that have way too much hope and way too many

people. who needs videogame developers when there's less gaming? who needs the programmers and engineers involved in the internet when the internet is blowing? they all have to be marked down. i know you're thinking? you are thinking, wow, cramer was so excited about peak inflation, but it doesn't sound good. that is true to an extent, if you are running a marginal enterprise, this is a troubling time. if you are running stocks, this is heaven. all of the bearish experts that roasted me are now on the wrong side of the trade . that is because the stocks figured out peak inflation is normal for the economist. the averages rallied nicely, even as the margins will be squeezed as we adjust to the inventory glut. the rallies today, they are simply a recognition that peak inflation is great for stock

valuations. some companies will be hurt by the upcoming recession. others will see the air stocks soar. they're worth more in an environment where inflation is under control. let me give you the bottom line, the so-called experts that scared the big picture economic data the more inflation would be endless, that the fed was pushing everybody astray, they cannot be dead wrong. the stock market on the other hand, totally saw peak inflation coming. you had to be deliberately obtuse to miss this. now, it is undeniable, even the bears and my detractors are trying to deny it anyway. they will have no luck doing so. how about bill from texas? >> good afternoon, how are you today? >> i am doing well, how about you? >> hello? >> you got me, how are you

doing? mech i'm doing great, i wanted to ask your recommendation. i am looking at investing a little money in retail space. i know the big three, cosco, walmart, target, but i'm looking at a fourth company, it is peter lynch said, look around and see where traffic is busy around stores. t.j. maxx and home goods are very busy. i want to know what you think about t.j. maxx? >> you know, i like t.j. maxx. mine is very busy as well. i went there to get compression socks, they do not have them. i got the money where i did not really want. i do say this, be careful, they have a lot of your [ indiscernible ] goods. that is why it is not as trustworthy as it used to be. i am coming for those compression socks. today's action is what peak inflation looks like. it can be nirvana for a lot of different stocks. you should have seen it coming, if you watch "mad money". we have after earnings. do they have what it takes to

electrify your earnings? could oil prices be in our future? we will see what the hot commodities are headed. is the bear market is software finally coming to an end? we will look at the recent deals and i will give you my take. stay with cramer. give us a call at 800-743- cnbc. did you miss something? visit our website.

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until today, utilities were crushing the market. can it continue? the slow and steady stocks will thrive when we go into a slowdown. utilities are up 14% for the year. this is 2% over the same timeframe last year. there were cautiously optimistic about the picture. on the other hand, the utilities become less enticing with inflation. we don't get hit with many more rate hikes. this is a very well-run company. we got big news today. it was a bit sad, but that's okay, the longtime chairman is passing the ceo to his cfo in january. went to know, can the stock keep climbing with the

leadership transition? we will check in with the chairman and ceo of [ indiscernible ] american power. i am a little sad. welcome back to "mad money". >> it is great to be with you again. >> so nick, i'd ask, why the step up at this time? you have been really terrific and the company has been terrific under you. like this is a succession planning process that has been going on for quite a while now. we want to have people ready to step into these roles. we cannot think of a better person. the board elijah lee was the right person. after 11 years, it is time to move on and make sure the new generation of leaders can continue to flourish. i have no doubt that the best is yet to come. >> i think it is terrific that you are doing that. i do want to point out, over the peer that you have been the head, the company has stressed renewables, without any

incentive, or mandates from the federal government. i have said that your company has done it because you and your team believe it is the right thing to do. >> absolutely, there is no question that our customers and our investors are looking for that movement to a clean energy future and removing the risk of the portfolio going forward. nobody knows that better than julie as well. i fully expect that process to continue.>> now, she will be in charge of the period from the carbon emission reduction from 80% by 2030. you are confident you can do that? you are big utility, that is a gutsy prediction. >> absolutely, the 16,000 megawatts of new renewables that we have already put in place is 1384, with the largest wind power project in north america. we have another couple thousand megawatts that are already in the pipeline.

of course, we have other request for proposals for new capacity to demonstrate further commitment around that 16,000 megawatts. there is no question that it will continue. certainly, legislation washington continues to advance that picture. >> what did you think of the bill? some people feel like it will bust the budget. other people feel like there is real deficit reduction. will this be truly a way to get cleaner skies? we look into control climate in a way that we have not been able to in this country? >> i certainly think there are great opportunities here. the first is obviously the renewables that we always take about as far as wind and solar. it also brings in the ask mansion to support the small, modular nuclear reactors, and certainly storage applications that can exist. these are key components of the future as we moved to a clean energy economy. i do see that benefiting customers, in terms of hedging,

whether it is the natural gas processes, or other activities that can occur. it gives us a broader portfolio to deal with. >> are you putting small form nukes in the plan? >> you will be doing it? >> yes, we do regular reviews and integrated resource lands that we follow with various commissions in the states that we serve. nuclear will show up eventually. obviously, one thing that is lost in the legislation is $40 billion of loans from the federal government associated with these types of activities. that is important for us to be able to mitigate the impact to consumers as we go through this process. we see this as very positive. >> julie will come on our show. you have been a fixture. your company has been remarkable. i'm sure it will still be under julie.

i asked you whether she will come on the show after you step off? >> absolutely, she will, it is a tradition. you want to know about the economy every quarter. we will continue to provide that, no question about it. i did not get to ask due to the step up, it seems like it remains very strong. >> it does remain strong. the residential increased 1%. we continue to increase as result of the stay at home and work at home environment. that continues from the hybrid standpoint. on the commercial side we are at a 4% increase and industrial is at 5%. we are seeing nine out of 10 sectors continuing to grow. the one that was down was hospitals. we recognize that from post covid-19 activities. it continues to grow. with the latest round of legislation, i think it bodes well for more domesticated supply around the manufacturing and industrial standpoint that will benefit our industry.

>> you have been a great steward. all those great things are coming your way. you have some of the cheapest and most reliable power in the country. a huge chunk of it is renewable. this is the chairman and ceo of [ indiscernible ] power. congratulations for everything you done for shareholders and the sky. "mad money" will be back after the break. when the current of good news leads to a waterfall in oil, take cover? jim cramer seeks the truth off the charts, next.

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if you learn one thing about tonight's show, when something feels off, that is what i call a red flag. last week, opec plus up to its supply quota by one thousand barrels per day.

they were looking for something several times higher. in response, the price of oil jumped. could not hold on to those gains. it finished the day down. since then, it is basically flat. what is going on here? tonight we got the charts with the help of our resident commodities expert. we have a brain technician that is a cofounder of the carly trading and author of higher probability commodity trading. she called the exact top in oil. that is why we are back to her. she has been warning us of a commodity busted for months. clearly a much lower oil prices. after this meeting, her take is simple, she thinks opec recognizes that we are already seeing global demand destruction for crude oil. they don't want to increase supply too much. they will never declare publicly, opec is a cartel. they do their best to maximize

profits by keeping prices elevated. the central banks are raising interest rates in order to hit the brakes on commerce. she explained that opec no longer believes the global economy canceled words $100 crude oil. a few weeks ago, we thought was gospel. we know consumers are cutting back. anybody that takes a vacation knows it is a pain in the neck that was before the pandemic. prices are high, delays are long, chaos is standard. the rest of the world is in really sad shape. this works against high oil prices. let's him at this from the supply side. they count well got to the triple digits in the first place. most of the oil rally was in response to international stations on russian crude oil.

russia's invasion of ukraine did not disrupt the will market myself. the sanctions that. however, by all accounts, the russians have been able to circumvent the sanctions by selling oil to china. more importantly, india. the oil did not vanish, it did not get locked up in russia. it just got rerouted. we are hearing rumors of another red nuclear deal that could bring millions of bears back the market. she also knows that the u.s. is finally started to pick up steam. this is unexpected. the domestic producers have been incredibly disciplined. they don't want to flood the market with supply and push the price of oil down. with oil stasis elevated, sooner or later, someone will start drilling. take a look at this, west texas intermediate crude. you will see numbers like you have not seen in a long time.

in the past, they did predict the oil would return to the pre- ukraine trading range. with not having the work, she did not think it would go about the 90s. that is the ceiling of resistance. you can tell, this is where the oil would be installed. oil is back to the low 90s after hitting the high 80s late last week. as she sees it, crude has returned to historical trading range. to not be surprised at this climbs way back to $60. get this, she is talking this. that is the historic comfort level and marks the drown downturn trend from the highest in 2008. she is looking at the long-term view. she says that is symmetrical. wherever oil might be headed, she is confident that this will be a wild ride. she does expect a ton of volatility. traders will love this. long-term, will will head lower. that is what you would expect during the slowdown.

however, short term, she would not be surprised if we get a nice bounce. she is seeing a bounce. she thinks oil is approaching the price point where buyers look for bargains. you can trade up on any negative headline about the iranian negotiations faltering. we could've on that level, considering today's bounce. oil started the day down. garner sees buyer stepping in near 85 if things get ugly. she is only predicting a short term move, a bear market bounce that could give you a $10-$12 gain. that is not nothing. a lot of people would trade that in an instant, just to get that game. i know with a lot of the major oil, you have seen some big runs. what makes her think that the bounce is imminent? you want to hear this. look at the west texas crude with the trading commission,

the commitment of trader status. this is a hot report. she is the right of it. it has been good for her. what we are watching is the green one, okay? this shows you the net position. she points out that these large speculators have unloaded nearly half of the net one positions. now, hereby 200 futures. in the past, when they're done at this level, oil tends to bounce. this is what she is thinking. let me bounce, bounce. she is thinking, bounce. that is very important. a lot of people were flummoxed that we do not continue. you get your chance to get out if you want to. we are thinking about that. we are making that decision. making that based on her work. this, this is the seasonal pattern. you can see, historically, the trend sideways to ojai in summer and early fall. garner thinks the move will be

temporary. the seasonal pattern is ugly in august. you have to skedaddle if you get at this point. the fundamentals have gotten tougher on oil. you hear the analysts saying that. when you zoom in on the daily chart, oil has also levels that could trigger a sizable bounce before the downturn resumes. it was trading in the high 80s before the sanctions in russia catapult at this into the stratosphere. the sanctions have outline sits at $87. sure enough, that is the level we bounced from. in other words, there's a good chance that we are in the middle of the temporary bounce. that would take us back to here. she would not rule out another shot to the low 80s. as long as wilson ward in the mid 80 holds, garner believes we could see a run. they were from $97 to $102.

she thinks we need a positive change in fundamentals to get oil back. in other words, the daily chart is moderately bullish. when the rally hit , she is adamant that you cannot view it as a resumption of the bull market. the oil two months ago. the raging market if on and over. instead, she recommends us using the short-term strength to lighten up on the oil exposure. that is what we will do for the investing club. long-term, she thinks it is in trouble. this is very good news for the fed, which is finally making progress in the fight against inflation as we saw from the better than expected trenton numbers. in time, garner sees the u.s. treasury headed back up in price as well. this is the price level. remember, oil has unwound the invasion trade. if you look at the ten year, this is a long way from the prewar levels.

garner wouldn't be surprised because back to excuse me, 2%, or lower. here is the bottom line, the chart, as interpreted by carly garner, suggest that whale is due for a short-term bounce. over the next few months, she sees it going lower, often much lower. that is what exactly with the fed needs to see. let's go to stacy in north carolina. i think you for taking my call. thank you for what you do. >> i am calling about the [ indiscernible ], the 52-week low was 157 and a hive to 58. it is currently at 217, with a 9.33% yield. the stock is pioneer natural resources. >> [ indiscernible ] this yields 15% and scott sheffield is fantastic. i'm the only person trying to stifle his knees.

the catnip or something? anyway, i do like pioneer very much. it is the cheapest of the oil companies that we follow. i do think this is a buy-in you could go up to 250. the suggested oil is in for a short-term bounce. [ indiscernible ] we have much more "mad money". this turns into a haven. we're breaking on the recent major deals and sharing all you need to know. we look at the elon musk twitter saga continuing. you tell us about the market, what will happen. i will give you my take, and you will want to hear. we have rapidfire. stay with jim cramer.

is the bear market finally over? this has nothing to do with today's terrific rally in response to lower inflation. as everything do a takeovers. the software stocks have gotten so beaten down that they are being taken private left and right. the private equity firms see the value. they cannot seem to resist. we got the latest deal on monday morning when a private equity firm called vista equity partners announced an $8.4 billion deal to acquire abelard, making tax compliance automation software. i cannot think of anything more

boring as a business. this deal is exciting for the industry. it is the latest in a series of publicly traded software companies that have been snapped up by private equity buyers. i want to walk you through this. this is such an important element. this demonstrates that the software stocks have finally gotten cheap enough to be interesting again. that is what i have been waiting for. i have been warning you away from fast-growing software place with little or nothing in the way of profits. the stocks have been absolutely gutted. wall street has no idea how to value them in this environment. the private equity firms are different. they purchase entire companies. they take them private. they spent a few years cutting costs and bring the public again at a much higher price. not to care about the wall street fashion show. they create long-term buying opportunities. they will not be stopped by the antitrust department. that only happens when private

companies try to block somebody from making money or wind the public companies compete, and they merge. i want you to take the most recent deal. you will understand what i'm saying. this company at 40% revenue growth last year. that is a small earnings loss. it came public at $2400. they went all the way to $191. since the fed turned hostile, the stock is been crushed. we started to hear about the private equity a month ago. this allowed the company to rally from the low 70s to the mid 90s. yet understand, looks like it was a big deal when it was announced. the stock and run. we learned it was being purchased for $93. that was a few dollars below what the stock was traded. [ indiscernible ] this is

valuing them at 10 times the sales. they found this too enticing to ignore. this was down big from the highs last year. this is not the only big deal we have seen. back in january, they teamed up with the activist investors that we think are very smart at elliott management. they now see acquisition of the original remote work software player. this took the same private and they are merging it with another software company they purchased years ago. they are paying $104 per share. this is a big deal. this is a slower growing company. more importantly, it is quite profitable. the story is different. this stock jumped from $110 at the end of 2019 to a high of $173 and 2020. in terms of evaluation, they are at $104 per share. there paying five times of the

earnings. that is far more relevant. you can see what they are paying. this is important. we are trying to show you, graphically, how inexpensive they are. here is tommy bravo, another equity firm spending a fortune on software companies. they are taking the private left and right. do you remember paying? these two come in at $20 per share. it was an all cash deal. this is a company that does cyber security. this is very niche cyber security company. it handles identity management. ping grew at a quick clip. it hurt a slight profit. they are expected to lose money for the next couple of years. that is the kind of stock you don't want to own. this is a huge deal. this is a 63% premium, and that

is generous. is the third major cyber security company that they have acquired in the last 15 months. are doing this by seal point technology. this is a great company. that was a 48% premium. this is valued at 13 times the air sales. for that, they spent $2.3 billion to purchase through point, protecting against threats by email. they valued at 10 times the air sales. i am betting they are purchasing these businesses and combining them into a single outfit that they can cut costs and take holding public again for a gigantic hit for them. wall street has a taste for tech. that is what they are doing, i can tell you, this is a brilliant plan. that is just cyber security.

in march, they purchased and a plan. it was a financial software planning play. is being valued at nearly 14 times sales. that is cheap for a non- profitable company. we are seeing others taking over bits as well. [ indiscernible ] helps monetize platforms. this is used by videogame designers. it was an all stock deal. this was a weird one. the shareholders of unity would own the majority stake and the unity ceo would run it. it was more like a takeover of quest. everyone pretended to think they knew what was there. believe me, no one knows. we look at the things that makes things more complicated. announce a deal to purchase iron source, and advertising

technology company. they don't want to merge unless the deal gets canceled. what else? [ indiscernible ]. this was a massive $61 billion deal. this was a plan to diversify away from software. what does this activity mean? it means that the stocks have gotten too cheap. it is too cheap to appeal to buyers. it is hard to figure out where this group might bottom. so many of them are unprofitable. of course, this earnings season has been a mixed bag. we got good numbers from foul player. service has gone up, up, up. i really like [ indiscernible ]. i don't know, it was not a great quarter for some really great guys. the numbers are all right. i think this can create a

floor. it has gotten deep enough for deals to come into play. a couple days ago, jeffries published a great piece on software evaluations. going back to 2015, the stocks traded at a times sales on average. by last november, they were going at 19 times sales. that is way too high. now they are back at 7.5. they are on the cheap side, historically. no wonder the private equity firms are interested. it does not mean all the software stock should be purchased. you are not running a private equity firm. you cannot fire how the workforce and take a bump in a few years. this makes it much safer to collate on the good ones, and it is more certain that lowering interest rates. this is what we have been waiting for. look at the long software nightmare that may finally be over. i do urge you to be selective and stick with the ones that actually make money. they don't get big, you won't

be left holding the bag. "mad money" is back, after the break. coming up, jim cramer take your calls. the sky is the limit. we have the fast fire lightning round, next.

lightning round is sponsored by td ameritrade. it is time for the

lightning round. after that, the lightning round is over. are you ready? tom, in new york. >> hello, cramer. and, boo-yah! >> i love the new studio, by the way. with the inflation reduction act going through congress now, and the major provisions for solar and renewable energy in general, what is your take on the solar? >> i think first solar has had a run for it to wait for a pullback. i like the idea, but i feel like i am coming in to hunt if i tell you to buy it here. i need to go to jeremy in california. >> boo-yah, what is happening? [ indiscernible ] is up 40%. mcnair losing money. even with today's cpi, we don't

recommend stocks that have been perpetual money losers. i'm going to mike in tennessee. and i think you from taking my call. [ indiscernible ] had good earnings, losey, is 50% off with a 52-week high, is it time to buy? spec frank has had some disparaging comments. you five times earnings, that usually means things will get cut. i've to say no to that one. >> let's go to dan in new york. >> how is it going? >> well, how are you? >> i am enjoying it, hope the phillies pull it out. >> what's up? >> [ indiscernible ] pharma, stuck with them for 2 years. >> it is finally working. isn't that amazing? a lot of people have given up. i said it was good and in eggs

answer. it is good, it is going higher. that is the end of the lightning round. >> lightning round is sponsored by td ameritrade. coming up, what does the man was $7 billion buy for himself? that is jobs. that is just what jim cramer was to find out next . and orders to your style of trading. personalized education to expand your perspective. and a dedicated trade desk of expert-level support. that will push you to be even better. and just might change how you trade—forever. because once you experience thinkorswim® by td ameritrade ♪♪♪ there's no going back.

as much as elon musk wants to deny that his takeover bid for twitter is still valid, you don't sell $10 billion worth of tesla stock like he did this week, unless you need the cash to pay for something else, something more expensive than a beach house or an island. i do have to tell you, unless you can dig up the memo from twitter saying, i will show him big numbers, i think they will force him to purchase a thing. i know it sounds extreme, but that is what i am thinking is going to happen. i get why he wants to back out, twitter is doing quite poorly, financially. he is one that pursued the deal aggressively. he does not give himself much wiggle room. you would know that if you read the plaintiff's reply. i don't recommend it, it is not a page turner. you do not know that the twitter deal was no reason for

anyone to sell tesla. the stock acted very well during the sale. it did not hurt that he did make some very encouraging comments at the annual meeting on august 4, talk about the potential buyback. i think you just sell stock overtime if the partners walk away and he needs to raise more cash. the deal will most certainly happen. if you want to break the airtight merger, you will need a very, very good reason, and he does not have that. they did claim that he was hoodwinked by everything twitter did in order to convince them to purchase the faltering operation. is the exact opposite. twitter argues, it is impossible and contrary to the facts. it started as a takeover bid, takeover bid by elon musk. it was not twitter going to him, they do not want to sell until he made them an offer they can't refuse.

now he is trying to escape. it is not twitter's fault that he made an offer before he looked at everything and only gave the company 24 hours to respond. in other words, can you name a hostile rate of the information for the company before it made the hostile rate? of course not. can you name a company that was given only 24 hours to make a decision, and was able to share information of those at being rated by? it of course not. doesn't matter whether you think twitter gave him accurate information or not, he was likable in a china shop with a sign that says, you you break it, you own it. he has buyers remorse. he has been whining the twitter do not show him anything. again, he is not entitled to anything. twitter has given him everything he wants, and more. they want the deal to close desperately. they gave him, you'll love this, they gave him an extensive, well prepared a detailed summary of all of the

things he wanted to know, especially the false and spam accounts. musk admitted that he had not even read it. how could he have said they have no procedures of any consequence, when he dide proce. remember, the court would only rule in his favor if there was a twitter email saying something like, let's lie our heads off and claim that there are almost no spam accounts, even though that 20% are spam, and worthless. i can say with confidence, the memo does not exist. that is why the delaware chancellor will say that musk must purchase twitter. if not, they will take the money to forcefully close on the deal. the rallying twitter stock reflects the pending decision. if i were elon musk him i was a down with twitters management to negotiate a new price, right here, right now. otherwise this makes it clear that he does not have a leg to stand on.

he is one shot away from having to sell more tesla. he has to be ready, or the chancellor will sell the stock right out from underneath him. yes, the chancellor can do that. they will sell it for him. i like to say we donald trump pleads the fifth. i'm shepherd smith this is the news on cnbc the former president appearing before the new york attorney general. he declines to answer questions in the civil investigation of trump organization business practices, and word mr. trump has made a decision about another run for the white house. an alleged plot to kill john bolten an iranian man charged the revenge the feds say he was seeking. >> the facts were clear and chill. >> details of the alleged