Let me bring in Ron Insana in the meantime. He's financial journalist, author of the Substack, message of the market. Speaking of markets, Ron, we're not seeing much of a reaction.Why do you think that is. Well, we're seeing a lot of volatility this morning, Anna, for a wide variety of reasons like the Supreme Court decision itself. We have a multiplicity of headlines that are affecting financial markets.Not only this decision and its attendant implications, but also we had slower than expected fourth quart ...

Donald Trump’s global trade war has not, as of yet, had the desired effect when it comes to America’s yawning trade deficit: Here’s your Evening Briefing https://t.co/IkTmS7criI ...

🚨BREAKING: TRUMP CLAIMS U.S. TRADE DEFICIT CUT BY 78% DUE TO TARIFFSUS President @realDonaldTrump Trump said tariffs have sharply reduced the trade deficit BY 78%.He stated the deficit could turn into a surplus later this year.Official December trade data is scheduled for release Thursday. ...

Trump:Next year, we will not have a trade deficit. ...

The US trade deficit unexpectedly narrowed in September to the smallest since mid-2020 as exports increased https://t.co/gvmYnKFuGS ...

Coming up: Federal Reserve interest rate decision, Fed Chair Jerome Powell remarks, trade deficit data, earnings from Oracle, Broadcom, GameStop, and Adobe. https://t.co/b9Ljnw45mI ...

The US trade deficit shrank in August as imports declined by the most in four months, official data showed Wednesday after a lengthy delay due to a government shutdown. https://t.co/3ooHfuFTlX ...

Falling gold exports and surging imports of the safe-haven metal pushed Canada to post its second-largest trade deficit on record, surpassed only by the nadir it reached in April https://t.co/i7PRcYxbtP ...

Emergency Powers & Executive Overreach - The discussion centers on concerns that President Trump is abusing emergency powers by falsely declaring emergencies to expand executive authority [2][3][5] - The volume of emergency declarations under Trump's presidency is notably high compared to past presidents [4][5] - A key example is the declaration of a trade deficit as an emergency, which is viewed as a misuse of presidential power [6][7] Legal & Constitutional Implications - The Supreme Court's potential review of these emergency declarations is critical, particularly regarding the tariff emergency [6][9][19] - The court's deference to executive power, especially concerning Trump, raises concerns about the checks and balances on presidential authority [8][19] - Statutory interpretation, as seen in the Alien Enemies Act case, suggests the court may limit Trump's emergency powers if no actual emergency exists [10] Societal Impact & Authoritarianism Concerns - The use of emergency powers on immigration, including the border wall and actions in Los Angeles, is highlighted as potentially manufactured emergencies [11][12][13][14] - Concerns are raised about the potential for authoritarianism, drawing comparisons to Victor Orban, and the critical nature of the next few months in determining the direction of democracy [17][18][19] - The potential consequences if the Supreme Court defers to Trump's declarations, allowing for unchecked executive power, are significant [19][20]

Trade Policy - Tariffs were intended to reduce the trade deficit between imports and exports [1] - The U S trade deficit decreased in June [1] - Tariffs may have had an unforeseen impact on the trade deficit [1]