Will

Baylor undergrad. SMU MBA grad. Sic 'em and Pony Up! Love college and TX high school football along with bass fishing.

[Polymarket @Polymarket]

JUST IN: Zillow announces that “starter homes” now cost at least $1 million in a record 242 U.S. cities — triple the number in 2020.

[Yahoo Sports @YahooSports]

The Big 12 has filed a complaint seeking the authority to sanction Texas Tech if Brendan Sorsby takes the field this season, per @RossDellenger.

Potential penalties discussed in the filing include monetary sanction and a ban from the Big 12 Championship Game.

Tap for full story: https://t.co/usclHwxomX

[Brandon Marcello @bmarcello]

NEWS: The Big 12 has filed a lawsuit seeking clarity on its authority to sanction Texas Tech without being sued.

In the legal filing, the Big 12 reveals it is considering fines and/or a ban on Texas Tech competing in the Big 12 Championship Game.

[On3 @On3]

NEW: The Big 12 has filed a complaint against Texas Tech and Texas AG Ken Paxton.

To enforce its bylaws and potentially sanction the school for plans to play Brendan Sorsby.

https://t.co/lu2CGLyywY

[Ross Dellenger @RossDellenger]

NEWS: The Big 12 has filed a legal complaint in federal court against Texas Tech & the Texas AG, seeking declaratory judgement and a preliminary injunction to enforce its bylaws and potentially sanction the school for its plans to play Brendan Sorsby.

https://t.co/cjFs4SSoQn

[Breaking911 @Breaking911]

Gas prices nationwide have dropped below $4 a gallon for the first time since April, according to GasBuddy, as Americans hit the road for the summer travel season.

[Pete Thamel @PeteThamel]

NEWS: The Big 12 has filed a complaint in federal court in Dallas for a declaratory judgement, which would effectively give the league the ability to enforce its by-laws. This comes in response to the Texas AG's letter last week. This would empower the Big 12 to have autonomy to make a decision on Brendan Sorsby's case.

[Breaking911 @Breaking911]

🥊 🇺🇸 ITS FIGHT NIGHT IN AMERICA! President Trump and Dana White made a dramatic walkout from the Oval Office to UFC Freedom 250.

[Polymarket @Polymarket]

JUST IN: Oil executives warn critically low stockpiles could drive prices higher even with Hormuz reopening.

[Leading Report @LeadingReport]

JUST IN: The U.S. and Iran have officially reached a peace agreement and the deal will be signed on June 19th in Switzerland, per Pakistani Prime Minister Shehbaz Sharif.

[First Squawk @FirstSquawk]

U.S. JOB CUTS SURGE TO HIGHEST LEVEL SINCE MAY 2020 AS LAYOFFS ACCELERATE

AMERICAN EMPLOYERS ANNOUNCED 97,000+ JOB CUTS IN MAY, MARKING WORST MONTH IN FIVE YEARS

[Insider Paper @TheInsiderPaper]

JUST IN - Iran's top security body warns response 'imminent' after Israel's Beirut strike

[First Squawk @FirstSquawk]

U.S. DOLLAR HAS LOST NEARLY 30% OF ITS BUYING POWER IN JUST SIX YEARS: NYT

[First Squawk @FirstSquawk]

U.S. DEBT INTEREST COSTS HIT RECORDS, SURPASSING DEFENSE AND MEDICARE SPENDING

AMERICA NOW SPENDS $3.6 BILLION A DAY JUST TO SERVICE ITS DEBT

[Peter Schiff @PeterSchiff]

At May’s pace, the federal government is now spending about $1.6 trillion per year just on interest — roughly the entire federal budget as late as 1997. But as more low-yielding debt matures, soon that number will be north of $2 trillion, nearly 40% of federal tax revenue!

[unusual_whales @unusual_whales]

The U.S. Dollar has lost 30% of its purchasing power over the last six years, per NYT

[Peter Schiff @PeterSchiff]

The U.S. government ran a budget deficit in May of $293 billion, well above estimates and up 32% from a year earlier. The government also paid a record $133 billion in interest, a 44% YoY jump. Annualized, that's $1.6 trillion in interest, 30% of tax receipts! Disaster awaits!

[*Walter Bloomberg @DeItaone]

$SPCX - SPACEX SHARES BEGIN TRADING AFTER $75 BILLION IPO

SPACEX SHARES OPEN AT $150 AFTER IPO PRICED AT $135/SHARE

[Pete Nakos @PeteNakos]

Jeffrey Kessler, Brendan Sorsby’s attorney, has also sent a letter to the Big 12. Comes in the wake of Texas AG letter.

"A boycott of Texas Tech or of Mr. Sorsby would be a per se violation of antitrust laws and expose the Big 12 and each of its boycotting members to substantial liability. There is no defense to a per se unlawful boycott of this type, and Mr. Sorsby will hold the Big 12 and its members fully accountable for their actions."

https://t.co/CdwjQW3gdV

[Brandon Marcello @bmarcello]

BREAKING: The Texas attorney general’s office, on behalf of Texas Tech, is threatening litigation against the Big 12 if the conference sanctions the Red Raiders over the Sorsby injunction. They warn of $200M+ in antitrust exposure.

Full letter: