The Supreme Court’s questioning of President Trump’s use of broad powers to justify much of his sweeping tariffs leaves businesses that actually pay the levies facing months of potential uncertainty https://t.co/VEB4Ty3hCW ...

U.S. President Donald Trump speaks to reporters aboard Air Force One en route to the White House on November 2, 2025 after taking off from Palm Beach International Airport in West Palm Beach, Florida. Samuel Corum | Getty ImagesThis is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Here are five key things investors need to know to start the trading day:Supreme Court justices appeared skeptical of the legality of President Donald Trump's tariffs on Wednesday, when ...

So, the Wall Street Journal editorial board argues in a new piece, Trump really was on the ballot. And it reads in part, quote, "President Trump on Wednesday blamed Tuesday's Republican election defeats on the government shutdown and the fact that he wasn't on the ballot. " If he really believes this, the GOP is heading for bigger problems in 2026. Mr.. Trump was on the ballot, not literally, but nonetheless, as the main motivating force behind a dominating Democratic turnout. The electorate gave Mr.. Trump ...

How do you think it's going so far. We heard a lot of reports that the justices seem skeptical. What do you what was your take of their reception of some of the facts in this case.>> Well, they they seemed uh very taken with the idea that the the law does not provide for tariffs. That's an argument we've been making since April. They asked a lot of questions about um how it could possibly be that Congress decided to give a blank check to the president to the tune of a $3 trillion tax increase that he could ...

Market Sentiment & Tariffs - The market initially reacted positively to a stronger-than-expected ADP report and skepticism surrounding the legality of tariffs, suggesting a hope for their repeal [1] - Investors exhibit a "buy the dip" mentality, potentially overemphasizing positive news regarding tariffs [3][4] - The market generally dislikes uncertainty, and the potential for tariff refunds outweighs the perceived risks [2][3] Bond Market & Treasury - The 10-year Treasury yield moved up by approximately 5-6 basis points due to the jobs report and the possibility of tariff repeal leading to increased bond issuances [5] - Potential tariff refunds for corporations, if mandated by the Supreme Court, would necessitate increased Treasury issuances [6] Earnings Season & Outlook - Earnings trajectory is strong, with convergence between AI-focused companies and other market sectors [10] - Resilient consumers and better-than-expected margins contribute to strong earnings, mitigating worst-case scenario concerns [11] - Dollar strengthening over the past three months has contributed to outsized earnings beats [9] Market Dynamics & Bubble Concerns - Smaller, less prominent companies are experiencing rallies following earnings beats, while previously strong performers face pullbacks [12] - Despite concerns from some analysts, the market may be moving past bubble fears, particularly in the AI space, due to fundamental differences compared to past bubbles [14][15] - There's a degree of froth and expectations have caught up with reality in the AI space, sideways movement is healthy [15]

Core Insights - The article discusses the ongoing government shutdown, which has now reached Day 37, and highlights the implications for various sectors and companies [1] - Robinhood has reported a significant increase in revenue, with figures doubling compared to previous periods, indicating strong performance in the fintech sector [1] Company Insights - Robinhood's revenue has doubled, showcasing a robust growth trajectory in the financial technology industry [1] - The increase in revenue may reflect a growing user base and increased trading activity, which could position Robinhood favorably against competitors in the market [1] Industry Insights - The government shutdown is impacting various industries, creating uncertainty and potential challenges for companies reliant on government contracts and funding [1] - The fintech sector, represented by Robinhood, appears to be thriving despite broader economic challenges, suggesting a shift in consumer behavior towards digital trading platforms [1]

>> NEWSMAKERS AND MARKET MOVERS, THIS IS "THE PULSE WITH FRANCINE LACQUA. " FRANCINE: GOOD MORNING, EVERYONE. WELCOME TO "THE PULSE. " THE U.S. SUPREME COURT APPEARS SKEPTICAL PRESIDENT TRUMP'S SWEEPING GLOBAL TARIFFS AS JUSTICES SUGGESTED HE HAD OVERSTEPPED HIS AUTHORITY WITH SIGNATURE ECONOMIC POLICY. IN THE HEARING YESTERDAY, THE COURT HINTED IT WAS READY TO PUT SIGNIFICANT LIMITS ON TRUMP'S FAR-REACHING AGENDA. LET'S GET YOU BRENDAN MURRAY THE OUR TRADE COVERAGE HERE. TO TARIFFS OR NOT TARIFF, I THOUGHT ...

This story was originally published on MedTech Dive. To receive daily news and insights, subscribe to our free daily MedTech Dive newsletter. By the numbers   Q4 Revenue: 6.32 billion euros Roughly flat year over year   Net income: 597 million euros 4% decrease year over year Siemens Healthineers has reaffirmed its expectation that the negative impact of tariffs will double in its next fiscal year to reach 400 million euros (nearly $461 million). With tariffs coming in part way through the company’s ...

市场趋势与行业动态 - 亚洲股市从四月份以来最大两日跌幅中反弹，逢低买入者回归，此前对估值过高的担忧有所缓解 [1][48] - 美国最高法院对特朗普总统的全球关税表示怀疑，暗示其可能越权 [1][7][49] - 科技股回调引发市场抛售，但对人工智能的乐观情绪依然存在 [16][20] - 美国十年期国债收益率大幅走高，达到 4.15%，财政部暗示可能增加供应 [4][51][95] - 美国经济状况依然强劲，企业盈利表现良好，标普 500 指数近 80% 的公司报告盈利，同比增长 12%，每股收益超出预期 6% [22] - 沙特阿拉伯下调对亚洲的官方售价，并持续关注美国库存的增长 [5][52] - 美元走强，测试 200 日移动平均线，为一年来首次 [6][53] - 尼日利亚重返全球债务市场，通过债券销售筹集 20 亿美元 [39] - 刚果共和国重返全球债务市场，以 13.7% 的收益率出售 6.7 亿美元债券 [42] - 中国将取消对美国农产品的关税，并解除对美国公司的出口限制 [46] 投资机会与潜在风险 - 最高法院对特朗普关税的质疑可能导致关税重新评估和退款 [3][50][51][96] - 估值过高并非股市大跌的唯一原因，需要更大的负面催化剂 [26][27] - 预计标普 500 指数年底将达到 7000 点或接近该水平 [27] - 英国央行预计将维持利率不变，关注即将到来的预算和疲软的数据 [2][49][79][81] - 预计利率下调和市场流动性增加将推动市场上涨 [28] - 卡塔尔计划向埃及投资 35 亿美元，开发旅游景点和高尔夫球场 [64][71] 公司财务表现 - ARM 预计第三季度销售额将达到 13 亿美元，超过预期，人工智能技术需求强劲 [29] - 高通公司对本季度给出了乐观的预测，称销售额已达 120 亿美元，对高端安卓芯片的需求依然强劲 [29] - 土耳其航空公司指责发动机制造商垄断并抬高价格，利润率超过 25% [44][75] - 国泰航空宣布将从卡塔尔航空回购股份，表明对香港航空枢纽地位的信心 [78]

The US Supreme Court is signaling skepticism of President Trump's global tariffs, with key justices suggesting he had overstepped his authority. The vehicle is imposition of taxes on on Americans. And that is always been the core power of Congress.So to have the President's foreign affairs power trump that basic power for Congress seems to me to kind of at least neutralize between the two powers, the executive power and the legislative power. Bloomberg Managing Editor Jill Disis now joins us now from Hong K ...