SBUX faces potential Senate subpoena

Bernie Sanders is ready to use his new power ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ Will Starbucks be dragged before Congress? That's what Senator Bernie Sanders wants. And unless SBUX can get a grip on its labor problems, it may be inevitable. Bernie Sanders is now chairman of the Senate Health, Education, Labor and Pensions Committee. He sent a letter to CEO Howard Schultz saying that the Starbucks head must testify at a hearing on March 9. Schultz has just until February 14 to respond. The letter, couched as an "invitation to testify," says that the hearing will focus on Starbucks's "compliance with federal labor laws." That's just shy of getting a letter saying "you are being audited" in terms of what you don't want to hear from the government. (Perhaps the most hilarious part of the hearing is that it tells the CEO he needs to provide his own "brief biography," as if the people inviting him don't know who he is.) The key problem for Schultz is that this isn't an "invitation" at all. "This is corporate greed," said Senator Sanders about Starbucks's supposed efforts to quash union organizing. "Workers have a constitutional right to organize. And even if you are a large, multinational corporation owned by a billionaire you don't have the right to violate the law." Senator Sanders promises some "very tough questions" and says he is willing to use the committee's subpoena power to force Schultz to appear. Starbucks is suffering a rebellion from workers in New York state who charge that the company illegally meddled with union organizing, with about 100 active lawsuits in that state alone. A three-day strike disrupted operations at Starbucks locations around the country in late 2022. About 360 Starbucks locations have officially petitioned the National Labor Relations Board for union elections. At the same time, organizing has slowed. There have been at least 63 locations where workers voted not to organize. Yet there's a PR problem in any situation where a company is at war with its own workers. This is similar to the situation facing Disney (DIS), where union workers overwhelmingly voted to reject a contract offered by the company. And with layoffs and cost-cutting measures spreading (see below), more workers may be looking to protect themselves. That will cause confrontations with corporations that can ill-afford such battles right now. Let's see how SBUX reacts. It will be a revealing precedent for a struggle that could sweep corporate America. Keep Moving, P.S. Chris Hood and the [TradeCommand]( ) team brought home not one but TWO gains of more than 200% yesterday. You can get some of the details blow. If you're looking for a trading system that's bringing home the gains in any market, look no farther than Your Options Coach. GET IT DONE Mr. X's motto - and since the beginning of Rogue Investing Daily... He's been giving picks with returns of 390% in under a year... 442% in less than a month... and 1,154% in 16 months... and urging subscribers to hold back from any new crypto investments right before the crypto bear market. [NOW FIND OUT ABOUT THE "TRADE OF THE DECADE"]( ) [A "Buy and Forget It" Trade For the Long Haul]( ) COACH'S CORNER "It looks like the short signals on my tools called this one. After that quick pop at the open, it was nothing but red across the board. If you notice the 30-min SPX chart you can see what I mean. I’ve added a line for the start of yesterday to give you some context. We slammed through the red resistance level and seem prepared for more downside tomorrow. This trend let us close out several winners on SPX puts including a 271% gain in a couple of hours and a 211% gain in less than an hour. Great day for the Trade Command(os)!" "While there’s always a potential for reversals in this type of market, some short plays you might want to consider adding to your watchlist are GOOGL (yes again) and SPY. However, there are a few that are bucking the trend. If you’d like something bullish to consider then take a look at TSLA." Cheers, Chris Hood WORD ON THE STREET Yahoo Fires 20%, Lyft Lower, GM Secures Semiconductors - Made In America - General Motors has formed an alliance with GlobalFoundries in a deal that will secure semiconductors for GM cars. "The supply agreement with GlobalFoundries will help establish a strong, resilient supply of critical technology in the U.S. that will help GM meet this demand," said GM Vice President Doug Parks, "while delivering new technology and features to our customers." - The Puns Write Themselves - Lyft (LYFT) is a loser even after it posted record revenue. The company gave a guidance for the full year that was far worse than expected. The company also fell short of expectations on revenue. LYFT was down more than 30% in after-hours trading - Tech Industry Slaughterhouse Still Running - It's getting grim out there, bros. Yahoo is the latest company that is laying off a huge swath of its workers, with 1,600 people set to lose their jobs. About 1,000 people are going to lose their jobs almost immediately. The total cuts represent about a fifth of the company's entire workforce. - Half Of Americans Say They Are Worse Off - A new Gallup poll found that half of Americans said they are financially worse off than they were last year, including 61% of those who make less than $40,000. Even the relatively wealthy aren't doing so well - 43% of those who make more than $100,000 a year say they are worse off than last year. Make this move before February 13. Click here to discover how Corey is isolating gains of 193%…262%…even 294% in a single afternoon on ONE stock using his proprietary Dragnet — and harness its power to fortify your income by as much as $1,000 a week over the next year. This generous offer expires on February 13, so you don’t have time to waste. [Click here for the full details before you lose]( ) [your chance at a $52,000 payday.]( ) HOT SPOTS: What's Going on in Geopolitics - India Finds Lithium Deposits - In what could be a game changer for EVs, India has found lithium deposits for the first time on its national territory. The Geological Survey of India reported that 5.9 million tons have been found in the north of the country in the union territory of Jammu and Kashmir. Oh good, at least it's not like that's a conflict-prone region of the world or anything... - China Uses Balloon Dispute To Rally Nationalists – The Chinese government is using the fight with the United States over a spy balloon to charge America with a "hysterical overreaction," in the words of the Global Times. Sina Weibo, a social media platform heavily monitored by the government, is blasting the United States. Chinese ambassador to France Lu Shaye said the entire episode was an attempt to "smear China" and said it would become a "trigger point of conflicts." - EU Leaders Meet In Kyiv To Discuss Ukraine Joining - European Commission President Ursula von der Leyen and European Council President Charles Michel both went to Kyiv to deliver a message of support for Ukraine joining the EU. "The whole of the European Union is in this with Ukraine for the long haul," said Von der Leyen, "and we will stand up for Ukraine as we stand up for fundamental rights and respect for international law." Chief Investment Strategist, Adam O’Dell, says we’re witnessing a new oil boom that is STILL just in its infancy. Because Adam says there’s a convergence of multiple geopolitical and economic factors coming together in 2023…that will create a brand-new SUPER BULL in oil… That could send prices higher than any previous peak in history. [Click here to get all the details on]( ) [Adam’s top oil stock of 2023]( ) CUTTING EDGE: What[']( )s Happening In Tech - COVID Emergency Ends May 11 - All right, stop me if you've heard this one before, but the feds are promising that the COVID-19 emergency will soon be over and they are totally serious this time. Health Secretary Xavier Becerra said that he will let the public health emergency status for COVID-19 expire on May 11. That will mean COVID-19 tests will no longer be free, reporting requirements will be weakened, and vaccines and antivirals will now cost money after current federal stockpiles run out. - Leash The Kraken – The SEC nuked crypto exchange Kraken's crypto-staking-as-a-service program. Kraken is also going to have to pay a $30 million fine. "Today's action should make clear to the marketplace that staking-as-a-service providers must register and provide full, fair, and truthful disclosure and investor protection," said SEC chair Gary Gensler. - Tesla RAISING Prices In China - Is the EV price war already over? The Tesla Model Y is increasing in price by 0.8% following a surge in demand. Of course, this might be a bit short-sighted, as that surge was driven by price cuts. Tesla has secured more than 12% of the EV market with its recent moves, but it remains to be same if it can retain this new territory after charging a higher price. Tesla's Shanghai factory is expected to aggressively increase production FOR YOUR CONSIDERATION --------------------------------------------------------------- "You’re a trader." "So you know just how fast options can reprice." Value and volatility. After Chris Hood and the Trade Commandos (new band name?) scored some serious wins yesterday, it's time to get back to basics. It's always worth reviewing first principles. If you want to know how Chris Hood makes it look easy, take a moment for this in-depth examination of intrinsic value, extrinsic value, volatility, and how you can use all this variables to maximize your possibility of a winning trade. [THE PRICE IS RIGHT]( ) Enjoying Dawn Report? Learn something, made some money? SHARE YOUR STORY WITH US OR TELL US HOW TO SERVE YOU BETTER. Let us know at info@rogueinvesting.com You’re receiving this email because you're signed up for alerts from Dawn Report. Make sure to keep them coming by [whitelisting Rogue Investing]( ). The information in this email is intended for informational purposes only and does not guarantee specific results as there is a high degree of risk involved with trading. Also, our traders are real traders and may have financial interests in the companies discussed. Please see our [Terms and Conditions]( ) for more information. 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