Treasury Secretary Scott Bessent said Tuesday that two major decisions – the Supreme Court ruling on tariffs and the selection of a new Federal Reserve chair – will come in January. Bessent told FOX Business Network's Maria Bartiromo that while the administration has "plenty of revenue alternatives," he would like to see the Supreme Court rule in favor of President Donald Trump's trade policy."Economic security is national security. So this ruling is really a national security ruling and if they rule agains ...

NEW YORK (AP) — Sales at U.S. retailers and restaurants were unchanged in October from September as consumers moderated their spending amid worries about higher prices and other economic uncertainties after splurging over the summer. But a big factor dragging down the figure was a 1.6% drop in sales at motor vehicles and auto parts dealerships, hurt by the expiration of federal government subsidies that sliced demand for battery-powered electric cars. Excluding that category, retail sales rose 0.4%, the C ...

All right, welcome back to Worldwide Exchange. As we close on the 6 a. m.hour, a check of a few big stories that we're following this morning. The US says it collected more than $200 billion in tariffs this [music] year, according to new data from Customs and Border Protection. The figure comes as a [music] Supreme Court weighs the legality of those duties.President Trump's filing a $10 billion defamation lawsuit against the BBC. The president [music] is accusing the British broadcaster of producing a false ...

The US high court has recessed for the holidays, signaling a ruling on tariffs no sooner than early January https://t.co/297XLdvqkz ...

India’s economic activity eased in December, a flash survey by HSBC Holdings showed, as President Trump’s 50% tariffs continue to weigh on labor-intensive industries https://t.co/mFMr99FrAt ...

Special Issue | December 15, 2025 | 3:00PM EST GLOBAL MACRO RESEARCH TOP MIND of 2025: 4 THEMES IN CHARTS Our special Top of Mind year-end edition Features charts, quotes, and a crossword, per our tradition. They tell the story of a year that was anything but boring, In four themes that we found well worth exploring. The year began with tariff talk galore, As Donald Trump assumed the US presidency once more, And upended decades of trade policy through significant action, Which led to worries about a US econ ...

Market Trends & Economic Data - Investors are preparing for more information on the US economy, with stocks, bonds, and the dollar wavering [3] - The week will bring economic data releases, including inflation and jobs reports, influencing future Fed policy [4] - The US Treasury market is debating the extent of Federal Reserve interest rate cuts [12] - Delayed announcements of monthly employment and inflation figures due to the US government shutdown are creating a void [13] - There's a debate on whether the economy is transitioning from deleveraging to re-leveraging [40] M&A and Corporate Strategy - The pursuit of Warner Brothers Discovery by Netflix is ongoing, with concerns about job losses and theatrical releases [5] - Netflix co-CEOs are trying to reassure employees about the company's bid for Warner Brothers Discovery, reiterating no business overlap and studio closures [59] - Global M&A activity has been strong, with volumes at $45 trillion, setting up for 2026 to potentially exceed the record year in 2021 [78] - A potential Netflix acquisition of Warner Brothers could be a $827 billion deal [60] - iRobot filed for bankruptcy, with its common stock to be wiped out under the proposed Chapter 11 plan, listing between $100 million and $500 million in assets and liabilities [118][120] Energy & Utilities - National Grid is spending billions of dollars to prepare New York's electric grid for a generational shift, including data centers [93] - National Grid serves over 4 million customers in New York, delivering natural gas and electricity [97] - Cumulative power needs from companies wanting to connect to the New York grid over the next five years are estimated at about 10 gigawatts, tripling in size in one year [99][100] - West Texas Intermediate crude oil (WTI) is down 13%, at $5674 a barrel [92] Cryptocurrency - MicroStrategy acquired almost $1 billion in Bitcoin for a second straight week, despite the cryptocurrency falling [124] - Bitcoin is down 23%, at $86,432 [10][92] - Bitcoin is down about 30% from an all-time high of just over $126,000 in early October [126] Financial Markets Performance - The Dow, S&P, and Nasdaq are all in the red [8][55][56][91][115] - The Bloomberg Mag Seven index is holding onto a gain of 4/10 of 1% [8] - The S&P 500 index is down 1/10 of 1%, lower by six at 620 [9] - The NASDAQ composite index is down 3/10 of 1%, while the Dow Industrials are down 2/10 of 1% [9] - The ten-year Treasury yield is currently at 417%, with the two-year at 350% [9] - Gold is up 4/10 of 1%, at $4314 the ounce [10] - The Russell 2000 index is declining, down 6/10 of 1% [55] - Gold is up $13 the ounce, at $4312, up 3/10 of 1% [56]

Core Insights - The "Magnificent Seven" stocks, consisting of major tech companies, have significantly influenced the market and are seen as key beneficiaries of artificial intelligence (AI) [1][2] - These companies collectively exceed a market capitalization of $1 trillion and represent over one-third of the S&P 500 index [2] Performance Analysis - The announcement of high tariffs by President Donald Trump initially caused market volatility, but the market recovered as inflation did not rise as expected [4] - Year-to-date performance indicates that some members of the Magnificent Seven, particularly Apple and Amazon, have underperformed due to tariff impacts [5] - Apple is shifting production from China to India and Vietnam, while Amazon's reliance on foreign sourcing has also affected its performance [6] Individual Company Insights - Alphabet and Nvidia have outperformed the market this year, with Alphabet viewed as a value play despite facing legal challenges regarding monopolistic practices [7][8] - The performance of the Magnificent Seven stocks varies, with some outperforming and others lagging, influenced by tariffs and overall investor sentiment towards AI [9]

From @WSJopinion: The second Trump term is a mixed bag of constructive (tax reform, deregulation) and damaging (tariffs, mass deportation raids) policies. The President’s order to liberate companies from the proxy advisory duopoly is in the plus category.https://t.co/bER2Vo0DXK ...

U.S. President Donald Trump smiles from the field before the 126th America's Game between the Army Black Knights and the Navy Midshipmen at M&T Bank Stadium on Dec. 13, 2025 in Baltimore, Maryland.The United States has collected more than $200 billion in tariffs this year as a result of new duties imposed by President Donald Trump since the beginning of 2025, the Customs and Border Protection agency said Monday.The tally comes as the Supreme Court considers arguments that the new tariffs are illegal. The $2 ...