 This is Boom Bust, broadcasting around the world from Washington, D.C. I'm Bart Chilton, and thank you for joining us. Coming up today, we're boom busting to the edges of the program. Melissa Armo helps us analyze Elon Musk, unusual Tesla tweet. We also look at why UberLift and other ride-hailing services might soon become more costly and tougher to find in New York City and potentially other cities around the world with the able assist of RT's Trinity Chavez. And Alex Mihailovich considers the escalating clash and conflict between Canada and Saudi Arabia. What's the potential business and financial impact he'll tell us? Plus, we'll examine the right to work referendum we noted on the program last time in Missouri and discuss what it might mean for U.S. labor laws with Boom Bust owned, Daniel Brito. Plus, many of us recall the controversial Dakota Access and Keystone XL pipelines. Well, now there's another brewing pipeline controversy. Archie's Manila Chen will fill us in on the details. And as housing prices after four years may finally be starting to slow, what does that mean for the U.S. housing market? Kathy Fetke, the CEO, co-CEO of Real Wealth Network, gives us her take. All that ahead, but we pop start with Tesla and the unusual tweet by Elon Musk yesterday that we noted on the broadcast. Coming up, we have Melissa Armo. Here's what happened. Yesterday, Mr. Musk sent market trading into a tizzy after tweeting, quote, and considering taking Tesla private at $420. Funding secured. Tesla shares soared, then hit a circuit breaker where Nasdaq trading was temporarily halted. Tesla stock ended closing up 11% on the day. And here to help us out is the aforementioned CEO of the stock, Susha Melissa Armo. While Melissa, this was really a bombshell, wasn't it? And Mr. Musk has talked previously about the short sellers that he was going to take a hit. This certainly struck them in the shorts, didn't it? Yes, it did. And I have breaking news actually to announce right now. Three minutes ago, it was just announced that the SEC is investigating what Elon Musk texted out. So that is breaking news. It just happened three minutes ago. We appreciate you doing that. That's great. And you know, when I saw this, it did remind me of thinking about the SEC back to that circumstance in 2012, when the Netflix CEO Reed Hastings posted, not Twitter, but he posted on his Facebook, his personal Facebook site, that they had streamed one billion hours of content in a month. And, you know, that was obviously had an impact on their stock price, and that resulted in SEC guidance about the fair disclosure rule. And so it doesn't surprise me about this. But he could be in some potential legal jeopardy, I suppose, right? Well, the stock had a jimungous move yesterday. It was unprecedented. And one day, the stock lifted and almost made a new high. And it did have a great earnings report, and it did rally on the earnings a couple of days ago. But the move it had on Tuesday was unprecedented. And it ran up to 387, previous high in the stock had been 389. So that tweet did inside buying in the stock. And not only that, as you had mentioned, Tessa is one of the most heavily shorted stocks right now. For some reason, people are not, I guess, believing in what the company's doing or what they want to do. For only a brief period, and this was months and months ago, back at the end of March and at the beginning of April, did the stock look like it was starting to turn, technically speaking, into a downtrend? But it lifted back up again very quickly. And it's rallying ever since. I would never have been short that stock after it decided that it didn't want to continue to decline. And the earnings, like I said, were good. So people are betting against Elon Musk and people are betting against Tesla. And I don't think that he sent that tweet out to necessarily create a scurry of buying. But I don't really know if he's serious about this or not. But there's an upside and there's a downside. The downside is they're going to lack capital if they end up deciding to go private, if they want to do all these creative things which he likes to do. The upside is that he's not going to have to deal with the scrutiny of being a public corporation anymore. So it is unclear if he has financing. Where's the financing coming from? There's been so much talk and scuttled butt about it. There's so many Chinese funds out there that would probably love to buy Tesla and have the money to do it. But the question is, would CFIS, the U.S. government agency, would they allow that to even go through? Yeah, absolutely. Well, I imagine that there are a lot of general counsels at public companies all over the country, especially there in New York, talking to their CEOs and their VPs about what they should and shouldn't do and rereading that. I pulled it out earlier here today that SEC, from 2013, they read Hastings, their guidance again. And it's really important. And it says, look, you know, social media is new, but that can have an impact on investors. So be very careful. Do all the due diligence you need. Hey, before we let you go, Melissa, I want to ask you about another thing, news breaking today. We're breaking all sorts of news. Congressman Chris Collins, an incumbent congressman from New York, was arrested and charged by federal prosecutors with insider trading and lying to the FBI. And the story is that, I guess, the congressman delivered non-public information about this Australian company, and Nate Immuno Therapeutics, a firm which he's a principal shareholder. And he gave the information to his son, and his son supposedly gave it to others to trade upon. And the U.S. attorney, Jeffrey Berman, said, look, he cheated our markets and our justice system. What do you make of this? Well, again, you know, innocent until proven guilty otherwise. But so far, the news that's out there, the story is of the case against him is that he called his son, his son owned stock in that company, and sold the stock before the news became public. And not only that, I also read that the son shorted the stock. So then when the drop happened, the son made money on that, and then the son's fiance, and the son's fiance's father. So there's a chain there of family members. Now, whether or not he did anything illegal himself per these laws and regulations, that is for the attorneys to decide, because apparently he did not sell any of his own stock or short the stock. So telling someone, is that illegal? I don't know. Again, he's going to have a good representation, I'm sure. It is. It is. Yeah. With his defences, he didn't make money on it. Boy, that's not a good one. That's right. So we'll be following it and talking about it more in the program. Melissa, thank you so much for endeavoring us on that one, too. And thanks for all the Tesla stuff. We'll see you again. Melissa Armel, the CEO of Stock Swoosh.