What is going on. Let's answer that question with Andy Brener, head of International Fixed Income at National Alliance. He puts out must-read market commentary, and he joins us now.Andy, it's great to have you back on the program. It's been too long. What is happening with global fixed income markets.Brian, it's it's a new month and uh what you have is a lot of supply coming. You have supply coming all throughout Europe and you have supply today in the in the corporate markets. We counted about 25 deals tod ...

In the meantime, many of the president's global tariffs are in doubt, as you might know, following that high-profile court ruling on Friday. Our Aean Jav has more on that this morning. Morning, Aean. >> Yeah, good morning, guys. We will see the president uh on camera today uh in an unrelated event this afternoon. So, we may hear from him directly on this court ruling that came down late on Friday. But his top trade adviser, Peter Navaro, said yesterday it'll be the end of the United States if President Trum ...

Legal & Regulatory Landscape - A federal appeals court ruled President Trump overstepped his authority imposing tariffs [1] - The court decision favors the argument that tariff decisions belong to Congress, not the President [2] - The administration has until October 14th to decide whether to appeal to the Supreme Court or go to Congress [18] - The Supreme Court previously ruled that Congress must affirmatively authorize rules, referencing the 1950 steel mill seizure case [7][8] Potential Business Impact - Businesses are in a difficult position, needing clarity on tariff rules for long-term planning [13][15] - Some businesses are considering manufacturing in the US due to the tariffs, while others are waiting for the situation to resolve [13][14] - The legality of tariffs collected is questioned, with potential for refund actions if the ruling stands [10][11] Presidential Powers & Limitations - The President has limited power to impose a 15% temporary tariff for 150 days under Section 122 of the Trade Act [17] - The tariffs imposed exceeded the President's power by being up to 50% or even 150% and indefinite [17]

Trump says India offered to remove tariffs on US goods https://t.co/9RMod49z6w ...

Trade Policy & Legal Challenges - A federal appeals court ruled President Trump overstepped authority imposing tariffs, power lies with Congress [1][3] - The White House may take the case to the Supreme Court [1][3] - The ruling affects reciprocal tariffs and fentanyl trafficking tariffs on Canada, Mexico, and China, which remain in effect until October 14 [4] - Steel and aluminum tariffs, sectoral tariffs on semiconductors and pharmaceuticals, and some tariffs from Trump's first term are still allowed [5] Economic Impact & Market Reaction - The amount of tariffs collected is estimated between $1 billion and $150 billion [6] - Businesses would need to apply for rebates to get refunds on customs duties or import taxes already paid [7] - Potential tariff rollbacks may not be as catastrophic as portrayed [8] - Markets are currently driven by AI buildout and prospects for a Federal Reserve interest rate cut in September [16][17] - Tariff rollbacks could mean less inflationary pressure and more room for the Federal Reserve to cut rates [17] Political Implications - If the Supreme Court rules against the President, the White House might turn to Congress to implement tariffs, creating a politically difficult situation for Republicans [13][15] - Constituents are expressing concerns about the impact of tariffs on their finances [14]

Watch: The U.S. Court of Appeals for the Federal Circuit rejected President Trump’s tariffs. WSJ’s Gavin Bade explains the ruling and its implications. https://t.co/XK0nZWdmvL ...

President Donald Trump’s latest legal setback on tariffs increases uncertainty for American importers while delaying the economic dividends Commerce Secretary Howard Lutnick predicted the administration would generate https://t.co/8n0TT9tSCM ...

Tariffs and Trade - The Trump administration views tariffs as a show of strength to bring trading partners to the negotiating table, despite potential isolation on the global stage [2][3] - Tariffs inject uncertainty into financial markets and the global economy, raising the prospect of continued inflation borne by US businesses and consumers [4] - A court ruling stated tariffs are taxes, leading to a major tax increase on American families and workers, contradicting the Republican party's traditional stance on low taxes [9][10] - Uncertainty caused by tariffs makes prices higher for consumers because businesses can't make efficient decisions [8][9] - Some countries are suspending shipments to the US as a rule exempting cheaper goods from tariffs expired [2] Public Health and CDC - The CDC is facing a significant crisis, with concerns about political interference and the undermining of credibility in the nation's leading health agency [12][15] - Concerns exist that the firing of the CDC director was to suppress dissent against the HHS Secretary's anti-vaccine agenda, creating uncertainty during the flu season [13][14] - The decision to make the COVID vaccine less available is viewed as detrimental to the country [17] Florida Politics and Finances - A project to convert a facility for detainees in the Everglades is considered an expensive publicity stunt and a waste of resources for Florida taxpayers [20][21][23] - The Everglades project is viewed as an unnecessary effort by Governor DeSantis, potentially costing taxpayers a significant amount to dismantle or maintain [22][23]

Two consequential things happened for the diamond-jewelry industry this past week: Taylor Swift got engaged, and America placed 50% tariffs on the country that exports most of those stones https://t.co/jY4U0ad8rb ...

Government & Policy - Concerns raised over the HHS Secretary's stance against mRNA technology, crucial for vaccines and cancer treatments, advocating for adherence to basic science [3][4] - The administration is accused of interfering with the Federal Reserve, mirroring Nixon's tactics, with blanket tariffs exacerbating inflationary pressures [6][7] - Discussion of a bipartisan bill for the release of Jeffrey Epstein files, emphasizing the need for transparency and closure for victims [11][12][13] - The administration's plan to purchase a 10% stake in Intel, sparking debate on taxpayer benefits and the need for broader investment and chip demand [14][16][17] Economic Performance & Direction - Consumer confidence has declined for seven consecutive months, farm closures have doubled, and manufacturing has decreased since President Trump took office [9] - High unemployment rate of almost 11% for recent college graduates, indicating a record of economic failure attributed to blanket tariffs and mass deportation [9][10] - Tariffs are identified as a key factor putting inflationary pressure on the economy, hindering the Federal Reserve's ability to cut rates [7] Political Landscape - Concerns expressed about potential threats to democracy, including redistricting strategies and the targeting of seats protected by the Voting Rights Act [23][24][25] - California Governor Gavin Newsome warns that President Trump might not leave office when his term is up in 2028 [19]