Welcome to See King Alpha's Wall Street breakfast, where we cover the top news for investors every morning.

And just like that, it's already Tuesday in the blink of an eye.

Good morning in September 3rd.

Hopefully you enjoyed your weekend.

I'm Julie Morgan.

The battle between Elon Musk and Brazil continues.

Volkswagen is searching for ways to cut costs. and

Vaux-Wogne is searching for ways to cut costs and GM is closing a factory in South America.

Soon after Brazil's Supreme Court upheld in order to suspend social media platform X, the country's

telecommunications regulator has threatened to sanction Starlink.

Reuters reported that the Commissioner of Brazil's Telecom Regulator said sanctions against The in the X in Brazil. The judge froze Starlink's Brazilian bank accounts after X failed to pay fines for failing to obey judicial orders.

Elon Musk posted on X that unless the Brazilian government returns the illegally seized property of X and

SpaceX, they'll seek reciprocal seizure of government assets too.

As we reported Sunday on Wall Street brunch with Kim Khan, a judge last week ruled that X should be blocked in Brazil

as the company did not name a local legal representative in accordance with the law and missed the deadline to comply.

This order was upheld by a Supreme Court panel on Monday and was backed by Brazil's president.

Brazil's president told CNN Brazil that the Brazilian judiciary may have given an

important signal that the world is not obliged to put up with the far right

ideology of Elon Musk just because he is rich.

Elon Musk and the judge in this case have been locked in a month's long public feud over

ex's refusal to comply with court orders to block accounts accused of spreading misinformation and hate.

Volkswagen on Monday said it cannot rule out plant closures in Germany

...