This is an NBC News special report. Here's Craig Melvin. >> And a good Friday morning to you.We're coming on the air with breaking news. A major defeat for President Trump's economic agenda. The Supreme Court ruling the president does not have the authority to impose some of his sweeping global tariffs.A decision set to have a massive impact potentially on the economy here at home and also around the world as well. Let's bring in our senior legal correspondent, Laura Jared. I know you're sifting through the ...

🚨STOCKS: U.S. STOCKS CLOSE HIGHER WITH DOW JONES GAINING 0.26%Major indices end in positive territory as $DJIA advances 0.26% at market close. Broader market sentiment remains positive heading into tomorrow's session. https://t.co/lw4vB3hco4 ...

Domestic Burden - The average U.S. tariff rate increased from 2.6% to 13% in 2025, with foreign prices not significantly decreasing to offset this increase [2] - 94% of the tariff incidence was borne by the U.S. in the first eight months of 2025, indicating that American importers paid the tax on top of the original cost of goods [2][5] Supply Chain Shifts - U.S. companies reorganized their supply chains to avoid high tariffs, particularly targeting China, whose share of U.S. imports fell below 10% in 2025 from 25% in 2017 [3] - Mexico and Vietnam gained significant market share as U.S. importers shifted away from high-tariff Chinese goods [3] Exporters Hold Firm - By November 2025, pass-through rates for tariffs dropped to 86%, with a 10% tariff resulting in only a 1.4% decline in foreign export prices [4] - The anticipated relief from foreign price cuts did not materialize, with U.S. firms and consumers continuing to bear the majority of the economic burden from high tariffs [5]

Market Overview - US stocks are expected to open moderately higher, with S&P 500 and Nasdaq futures up 0.3% and Dow Jones futures lagging at 0.2% [2] - The previous session saw the S&P 500 essentially flat at 6,941, Dow down 0.1% to 50,121, Nasdaq Composite slipping 0.2% to 23,066, and Russell 2000 falling 0.4% to 2,669 [2] Employment Data - The non-farm payrolls report showed a strong addition of 130,000 jobs, exceeding forecasts, but was offset by a write-down of 862,000 jobs for 2025 [3] - The unemployment rate decreased to 4.3% from 4.4%, while wages increased by 0.4% month-over-month and 3.7% year-on-year, outpacing inflation [3] Federal Reserve Commentary - A series of Federal Reserve speakers indicated a cautious approach to rate cuts, suggesting that prior cuts should be allowed to take effect before further reductions [4] - Market analysts noted that the stability of the labor market and the Fed's comfort with holding rates steady diminishes the urgency for immediate rate cuts [5] - The challenge for the Federal Reserve is to build consensus within the committee regarding future rate decisions, as current sentiments do not appear unified [5]

Market Overview - Asian markets reacted to stronger-than-expected U.S. payroll data, which dampened expectations for Federal Reserve rate cuts and negatively impacted U.S. stocks [1] - Japan's Nikkei 225 index reached 58,000 for the first time, driven by renewed confidence in domestic politics and the ruling administration's economic agenda [1] - Hong Kong's Hang Seng index futures were lower at 27,206 compared to the last close of 27,266.38 [1] U.S. Market Performance - Australia's S&P/ASX 200 index increased by 0.42% in early trading [2] - The Dow Jones Industrial Average ended a three-day winning streak, dropping 66.74 points (0.13%) to close at 50,121.40 [2] - The S&P 500 index remained nearly flat at 6,941.47, while the Nasdaq Composite fell by 0.16% to 23,066.47 [2] Employment Data - The Bureau of Labor Statistics reported a job growth of 130,000 in January, significantly higher than the Dow Jones estimate of 55,000 [3] - December's job growth was revised down to 48,000, indicating a stronger labor market that has reduced the likelihood of interest rate cuts by the Federal Reserve [3] Consumer Spending - A separate report indicated that consumer spending in December was flat, missing the expected 0.4% monthly gain [4]

Group 1 - The initial enthusiasm over a stronger-than-expected January jobs report quickly faded in the stock market, leading to volatility on Wall Street [2][4] - The Dow Jones Industrial Average briefly reached a record high of 50,499 after the jobs report indicated the U.S. economy added 130,000 jobs in January, exceeding economists' expectations [3][6] - The unemployment rate decreased from 4.4% in December to 4.3% in January, indicating a stronger labor market [6] Group 2 - Despite the positive jobs report, the stock market turned negative as investors considered the implications for inflation and interest rates, leading to a sell-off in Treasury bonds [8][9] - Market strategists noted that a stronger labor market could complicate the outlook for anticipated interest rate cuts by the Federal Open Market Committee [8][9] - Revisions to previous job data revealed that the economy added only 181,000 jobs for all of 2025, a significant decline from prior years, which contributed to the market's reaction [7]

Core Viewpoint - Ben Levisohn has been appointed as the new editor in chief of Barron's, succeeding in a role that comes at a time of heightened investor interest in markets and the publication itself [1] Company Overview - Dow Jones announced the appointment of Ben Levisohn, a 15-year veteran of the company, who previously served as senior managing editor [1] - Barron's is recognized as a leading financial publication, established in 1921, known for its authoritative analysis and in-depth coverage of global financial markets [1] Leadership and Experience - Levisohn has a background as a Wall Street equities trader and transitioned to journalism in 2007, joining Dow Jones in 2010 and Barron's in 2012 [1] - His previous roles include writing popular columns such as Streetwise and Trader, and he served as deputy editor before becoming senior managing editor in August 2025 [1] Strategic Initiatives - Levisohn was instrumental in launching Barron's Investor Circle, a new premium experience for readers, which offers exclusive content and investing tools [1] - Dow Jones has recently reported a record quarter and six years of continuous growth, supported by its business news and intelligence units [1] Subscription and Market Position - The company currently boasts over 6 million subscriptions, positioning itself as a core provider of news and intelligence to large financial institutions and corporate customers [1] - In the context of AI advancements, Dow Jones is recognized as a leading provider of trusted proprietary data and exclusive news [1]

Group 1 - The article does not provide any relevant content regarding company or industry insights [1]

HERE WE GO. TOP OF THE HOUR ON NBC NEWS. NOW WE START TODAY WITH A MAN IN COURT RIGHT NOW FOR ALLEGEDLY SENDING A FAKE RANSOM NOTE.THE FBI SAYS HE TRIED TO PROFIT OFF THE DISAPPEARANCE OF OUR COLLEAGUE SAVANNAH GUTHRIE'S MOTHER, NANCY. THAT AS AUTHORITIES REVIEW ANOTHER UNCONFIRMED RANSOM NOTE FOR NANCY GUTHRIE, WHICH NBC NEWS HAS ALSO OBTAINED, AND THE COMMUNITY IS COMING TOGETHER TO SUPPORT THE FAMILY. WE ARE, OF COURSE, LIVE ON THE GROUND IN TUCSON.ALSO, IN JUST THE PAST HOUR OR SO, A RECORD BREAKING SUR ...

🔥 JUST IN: Trump congratulates as the Dow Jones has crossed 50,000 for the first time in history. https://t.co/h6dK1a84i5 ...