Why the Supreme Court may not side with Trump over tariffs
Yahoo Finance· 2025-09-04 20:37
Trade Policy & Legal Challenges - The Supreme Court is considering the legality of Trump's AIPA tariffs, which account for a significant portion of the $180 billion+ collected by the government this fiscal year [3] - A ruling against the tariffs could force the Trump administration to offer refunds, potentially causing chaos [3][4] - Experts note that a rapid decision from the Supreme Court is rare, usually requiring a hard deadline [6] - The Supreme Court may side with lower courts, finding that the president lacks the authority to impose these tariffs under the 1977 International Economic Power Emergency Act [9][10] - A base case scenario suggests a 50-65% probability that the Supreme Court will rule against the president's authority [12] Potential Economic Impact - Sectors like furniture, lumber, timber, aircraft, trucking, pharma, and semis could be aggressively hit if the AIPA authority is overruled [13][14] - Domestic importers, like those selling learning materials and companies like John Deere and Caterpillar, want refunds with interest if the tariffs are deemed illegal [17] - Refunds could amount to roughly $150 billion to $300 billion, creating a complicated process for the Treasury [18] - If the Supreme Court rejects the tariffs, Trump could still implement tariffs on specific sectors or pursue Section 301 investigations, similar to those already in place on $350 billion worth of goods from China [19][20] - Congress could grant the president the authority to tariff every single import, potentially costing the average family $2,700 per year [21] Tech Industry & White House - President Trump is hosting top business, political, and tech leaders, including Mark Zuckerberg, Bill Gates, and Tim Cook, at the White House [23][25] - The event is being called the "Rose Garden Club" and is seen as a way for Trump to showcase the remodeled Rose Garden patio [26][27]
Texas GOP approves ban on mail-order abortion pills and makes it easier to sue providers
MSNBC· 2025-09-04 20:35
Texas lawmakers passed a bill that allows anyone, even private citizens, to sue doctors, pharmaceutical companies, and companies that ship the medication, the abortion pill, to anyone in the state. Women who take the medication cannot be sued. Joining us now, MSNBC legal correspondent uh Lisa Rubin.I think we lost a few sentences in that lead. We're talking about meriststone, right. >> We are.Um, and so Texas has been trying to outlaw abortion period in the state except in uh extreme emergencies, they say, ...
New robot moves the needle on AI tattooing
NBC News· 2025-09-04 20:34
This is AI fueled tattooing. One of New York's hottest tattooers seems ready to embrace it. I don't see it as rebranding or redefining tattooing. Um I I think of it as a tool.Bang Bang in his autonomous Soho studio is stacked with a roster of some of the best tattooists in the world. It's also the first US tattoo studio to partner with Black Dot to offer clients AI fueled tattoos. This device is really just a tattoo machine we don't have to hold in our hands.We make a design, client agrees on it, we put a s ...
Miran Touts Fed Independence at Confirmation Hearing | Bloomberg Businessweek Daily 9/4/2025
Bloomberg Television· 2025-09-04 20:30
>> THIS IS BLOOMBERG BUSINESSWEEK DAILY. REPORTING WITH INSIGHT ON THE PEOPLE, COMPANIES, AND TRENDS SHAPING TODAY'S COMPLEX ECONOMY PLUS GLOBAL BUSINESS, FINANCE, AND TECH NEWS AS IT HAPPENS. BLOOMBERG BUSINESSWEEK DAILY WITH CAROL MASSAR AND TIM STENOVEC ON BLOOMBERG RADIO, TELEVISION, YOUTUBE, AND BLOOMBERG ORIGINALS. CAROL: CAROL MASSAR AND TIM STENOVEC HERE AT BLOOMBERG HEADQUARTERS IN NEW YORK CITY.IT IS ALL ABOUT KEEPING SCORE WHETHER IT HAS TO DO WITH THE U.S. ECONOMY AND THE JOBS MARKET. WHAT IS GO ...
HPE 'Aggressively' Adopting Agentic AI Says CEO
Bloomberg Technology· 2025-09-04 20:28
When you get into how you're building out this business, how Juniper adds to the networking side. But for now, the AI systems, the server unit. How is profitability to improve.Well, good morning, Carol, and thanks for having me. We are very pleased with our quarter. It turned out to be very solid with record breaking performance on revenue and we expanded profitability sequentially.And to your question, around the service segment, we deliver what we said we will do, but most importantly, our traditional ser ...
Robert F. Kennedy Jr. ‘can’t be trusted’ to lead: Dem Senator tells HHS Secy. to step down
MSNBC· 2025-09-04 20:28
Joining us now, Democratic Senator from Nevada, Katherine Cortez Masto, a member of the Senate Finance Committee who questioned Secretary Kennedy today. Um, you had three Republicans uh say that they were concerned. Baraso, Tillis, um, and Cassidy as we played.other Republicans on the panel cheered his leadership or encouraged him to go farther in questioning either vaccines like hepatitis B, Roger Marshall did that, or um the mythopristone pill, the abortion pill. What's your sense of of what is going to h ...
Cowboys face daunting challenge against defending Super Bowl champion Eagles
NBC News· 2025-09-04 20:27
So, the NFL season finally kicks off Thursday night at Lincoln Financial Field. The Eagles are Super Bowl champions, so they get to host the game and the Cowboys are coming to town. They are an eight-point underdog.Now, we heard Brian Shimer, the Cowboys coach, say that, "Hey, we've been vanilla all I tell you, boy, this town, man, you got to love these people. Go, I can't stand coming to Philadelphia, but it's the job. I'm here." Like I was saying, Brian Senheimer was saying how they were all vanilla durin ...
RFK Jr. on Covid: ‘I Don’t Know How Many Died’ | WSJ News
WSJ News· 2025-09-04 20:26
Would you accept the fact that a million Americans died from CO. I don't know how many. I You're the Secretary of Health and Human Services.You don't have any idea how many Americans died from CO. I got taken on chronic illnesses that I have chronic illnesses. >> Mr.. Secretary, do you agree with me that the president that the president deserves a Nobel Prize for Operation Warp Speed. >> Yeah, absolutely. Senator, let me ask you, >> but you just told Senator Bennett that the COVID vaccine killed more people ...
China’s DeepSeek Develops Advanced AI Agents
Bloomberg Technology· 2025-09-04 20:20
Deep sea, actually, despite the sort of volatility of April, which deep sea cause in markets, it moves slower than some of the other Chinese names working on models. But the whole point is that this is a genetic. They want something that goes beyond the chapel.Yeah, that's right. And I think we've all been a little bit surprised at how little we've heard from Deep Sea in the last eight months since it upended the markets. We've seen a glut of products from Chinese and US rivals.And there's a lot of speculat ...
Rescue crews helped an injured worker trapped on a light platform at an Arizona stadium
NBC News· 2025-09-04 20:19
#Rescue crews helped an injured worker #trapped on a light platform at an #Arizona stadium For more context and news coverage of the most important stories of our day, click here: https://www.nbcnews.com » Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC » Watch more NBC video: http://bit.ly/MoreNBCNews NBC News Digital is a collection of innovative and powerful news brands that deliver compelling, diverse and engaging news stories. NBC News Digital features NBCNews.com, MSNBC.com, TODAY.com, Nightly ...