Core Argument - The Supreme Court is hearing arguments regarding the legality of tariffs imposed by the president under the International Emergency Economic Powers Act, with small businesses like Learning Resources challenging these tariffs as unlawful [1][3]. Industry Impact - MGA Entertainment, a major player in the toy industry, is closely monitoring the Supreme Court proceedings, expressing concerns about the negative impact of tariffs on toy prices and sales [2][3]. - Tariffs have led to significant price increases for popular toys, with examples showing price hikes from $5.99 to $7.99 and from $14.99 to $17.99, affecting middle and lower-income consumers [4][5]. Financial Burden - A small toy maker in Illinois reported spending approximately $2.3 million in tariffs for 2024, with estimates rising to $100 million for the entire year due to the tariffs [5]. - The same company indicated that they have already paid around $11 to 12 million in tariffs this year, with sales down by 25 to 30%, which is expected to lead to layoffs across the industry [7]. Manufacturing Concerns - Plans for expanding toy manufacturing in Ohio have been put on hold due to the tariffs, despite the company's long history of domestic production [11][12]. - The CEO of MGA Entertainment criticized the tariffs, stating that no new toy manufacturing has been established in the U.S. since the tariffs were enacted, contradicting the intended goal of boosting domestic production [14]. Consumer Impact - A study indicated that tariffs could increase holiday spending by $132 per American shopper, further straining consumer budgets during the holiday season [15].

The last word with Lawrence O'Donnell starts right now. Hey, Lawrence. >> Hey, Jen.Uh, you know, I think many of us were expecting some sort of um interpretation necessary about last night's results. I mean, you know, yet during say yesterday afternoon, like you know, maybe it' be a win here, a loss there, and it'd be a mixed bag of of data to try to figure out uh what was the real outcome, but boy, you just couldn't have had a clearer result last night. You're you're so right and I know you were talking ab ...

>> THIS IS "BALANCE OF POWER," LIVE FROM WASHINGTON, D.C. JOE: FROM BLOOMBERG'S WORLD HEADQUARTERS IN NEW YORK TO OUR TV AND RADIO AUDIENCES GLOBALLY, WELCOME TO "BALANCE OF POWER. " I AM JOE MATHIEU. THE PRESIDENT'S TARIFF AUTHORIZATION HANGS IN THE BALANCE. >> IS IT YOUR CONTENTION THAT EVERY COUNTRY NEEDED TO BE TARIFFED BECAUSE OF THREATS TO THE BASE? SPAIN, FRANCE? JOE: SKEPTICISM FROM THE HIGHEST COURT IN THE LAND AS JUSTICES HEAR ARGUMENTS. WHAT THE JUSTICES SAID THAT MADE BETTING MARKETS LEAN TOWARD ...

The Supreme Court is deciding one of the biggest issues on President Trump's policy agenda, his tariffs. The court is deciding whether President Trump had the authority to issue sweeping tariffs under an emergency law called AIPA, which stands for the International Emergency Economic Powers Act. Based on the oral arguments, the justice did seem skeptical that President Trump has the power to do this.And while we don't know what the ruling is going to be yet, it looks like it's going to be an uphill battle f ...

Price Increases - Amazon has raised prices by 12.8% this year, while Target and Walmart have increased prices by 5.5% and 5.3% respectively [2] - The price increases for all three retailers are attributed to the impact of new U.S. tariffs, with Amazon's increases occurring before the tariffs were imposed, possibly due to price normalization after holiday discounts [3] Marketplace Dynamics - Amazon earns a higher percentage of its revenue from third-party sales compared to Target and Walmart, making its marketplace sellers, often small businesses, more vulnerable to tariff-related cost increases [4] - Third-party sellers lack the scale, inventory flexibility, and private-label leverage that larger retailers like Walmart and Target possess to offset costs [4] Broader Industry Trends - A report indicated that 90% of goods firms and over 70% of services firms among mid-market companies have raised prices in response to tariffs and macroeconomic pressures [5] - Some companies are absorbing most of the tariff costs due to concerns about losing market share to competitors who do not raise prices, as well as the temporary nature of the tariffs [6] - Goldman Sachs economists estimated that consumers will ultimately bear more than 50% of the total cost of U.S. tariffs, with consumers having shouldered about 22% of the cost as of mid-year [7]

This is probably the biggest case of the term. And some people have said this is the biggest case in decades because it's going to determine the president's authority. So this is about the International Emergency Economic Powers Act or IPA for short.And no president has used this to impose tariffs. It doesn't mention tariffs or duties in the language. But President Trump is saying that he can exert emergency powers.So what the statute does say is that in unusual and extraordinary circumstances, a president ...

Welcome back. We are following breaking news where the fate of the president's sweeping tariff agenda is now in the hands of the Supreme Court. Justice is hearing arguments today on a case challenging the president's the international emergency economic powers act to impose many of those sweeping tariffs.The court's three liberal justices pressed Solicitor General John Sauer on whether the president's tariffs are infringing on Congress's authority to impose tariffs. And some of the court's conservative just ...

Market Overview - The market is experiencing a rebound with the Dow up more than 300 points, S&P 500 up about 0.7%, and NASDAQ rallying about 1% [2][50] - Trade-sensitive stocks, including automakers and apparel retailers, are seeing gains following Supreme Court hearings regarding President Trump's tariff policies [2][10] Supreme Court Hearing on Tariffs - The Supreme Court justices, including Chief Justice John Roberts, expressed skepticism towards the Trump administration's legal arguments for tariffs, suggesting they may be viewed as taxes on Americans [6][7][10] - The questioning from both liberal and conservative justices indicates a potential challenge to the legality of Trump's blanket tariffs, which could impact market expectations [5][10][13] Labor Market and Federal Reserve Policy - ADP reported a surprising addition of 42,000 jobs in October, reversing a decline from September, which may influence Federal Reserve policy discussions [14] - Fed Governor Steven Myron indicated that the labor market poses a greater risk than inflation, suggesting a more cautious approach to monetary policy [15][16] AI and Technology Sector Insights - Concerns are emerging regarding AI valuations, with analysts cautious about the sustainability of current business models and potential market corrections [20][21][22] - Companies are underweight in AI-related stocks, favoring investments in European markets due to attractive valuations [23][24] Scott's Miracle Grow Performance - Scott's Miracle Grow reported a decrease in net sales but improved gross margins and market share, indicating a recovery phase [28][30] - The lawn and garden sector is described as recession-resistant, with strong consumer demand and growth in DIY projects [33][34] Qualcomm's Financial Results - Qualcomm's Q4 results showed earnings per share of $3, beating expectations, with revenue at $11.27 billion, also above estimates [54][57] - The company is diversifying into automotive and IoT markets, with a focus on AI chip development to enhance growth potential [59][66] Robinhood's Earnings Report - Robinhood's Q3 earnings showed a beat on both top and bottom lines, with significant net deposit growth, although initial stock reactions were negative due to high expectations [83][88] - The company is exploring opportunities in prediction markets, which could diversify revenue streams and enhance long-term growth potential [90][92] ARM Holdings Performance - ARM reported earnings per share of 39 cents, beating estimates, with revenue of $1.14 billion, also exceeding expectations [70][72] - The company is well-positioned in the chip industry, with strong demand for its designs across various markets, including data centers and IoT [79][80]

Stocks in some of America’s top retail brands, from department stores to toymakers and apparel companies, rallied as a skeptical US Supreme Court raised hopes the sweeping tariffs could be lifted https://t.co/AhfDCRZsDI ...

Core Viewpoint - The Supreme Court is hearing a case regarding the constitutionality of President Trump's tariffs, which are deemed critical for the U.S. economy and national security [1] Tariffs and Economic Impact - The tariffs have significantly reduced imports from China and raised hundreds of billions of dollars for the U.S. government [2][3] - The administration has alternative measures available if the Supreme Court rules against the tariffs, ensuring continued revenue generation and support for reindustrialization [3] Economic Weakness and Monetary Policy - There are acknowledged weaknesses in the economy, particularly in the housing sector, attributed to high mortgage rates and low affordability [5][6] - The Federal Reserve's restrictive monetary policy is seen as a barrier to economic growth, particularly in manufacturing [7][8] Inflation and Energy Prices - The tariffs have not led to the expected inflationary pressures, which has affected the credibility of the Federal Reserve [10][11] - Energy prices have decreased under the current administration, contributing to lower inflation expectations and potentially aiding affordability [12][13] Wage Growth and Tax Benefits - The economy is projected to experience a "blue-collar boom," with wages rising faster than inflation, contrasting with previous administrations [14] - Significant tax refunds are anticipated due to changes in tax policy, which will benefit American workers, particularly in the blue-collar sector [15]