Looking for more investing options? Meet

SIBO, the exchange that pioneered

options trading. With exclusive trading

products like VIX and S&P options, SIBO

can help you trade in any market

environment. There are risks associated

with SIBO company products. Review the

disclosures and disclaimers at sibo.com/

us_claurs.

>> Small businesses are the pulse of every

community. They bring people together,

create opportunities, and drive growth.

Chase for business helps business owners

like you with personalized guidance and

convenient digital tools all in one

place. With that guidance and your

determination, you can take your

business farther and help build a

brighter future for your community.

Learn more at chase.com/business.

Chase forbus. Make more of what's yours.

The Chase mobile app is available for

select mobile devices. Message and data

rates may apply. JP Morgan Chase Bank NA

member FDIC. Copyright 2026. JP Morgan

Chase and Company.

>> So, there's a lot of noise about AI, but

time's too tight for more promises. So,

let's talk about results. At IBM, we

work with our employees to integrate

technology right into the systems they

need. Now, a global workforce of 300,000

can use AI to fill their HR questions,

resolving 94% of common questions, not

noise. Proof of how we can help

companies get smarter by putting AI

where it actually pays off. Deep in the

work that moves the business. Let's

create smarter business. IBM

>> Bloomberg Audio Studios podcasts radio

news.

>> This is a breaking news update from

Bloomberg. Instant reaction and analysis

from our 3,000 journalists and analysts

around the world.

>> Paul, we have some breaking news. The

Supreme Court, of course, publishing its

opinions today. It has expanded the

president's power to fire top officials.

Um, it refuses to let the president

immediately oust uh Lisa Cook, however,

and Lisa Cook is now uh currently

allowed to stay in the job for now.

>> All right, let's bring in uh June

Graasso, Bloomberg's legal uh analyst

here. She joins us here in studio. Let's

start with the Lisa Cook uh decision

here. June, can you summarize what's

going on here? So um Lisa Cook as you

know Federal Reserve governor and Donald

Trump tried to fire her on the basis of

allegations of mortgage fraud. So there

was no any kind of procedure at all

before he said that. So during that oral

arguments it was pretty clear that the

Supreme Court justices were going to

vote with Lisa Cook and not allow Trump

to do that because of the status of the

Federal Reserve. And during the oral

arguments, there were a lot of questions

by the conservatives as well about, you

know, why was there no process here? She

had absolutely no process. What would it

take for you to have some kind of a

hearing at least before this happened?

So, there was concern on their part and

Justice Brett Kavanaaugh had said prior

to that that the Fed is different. So,

that was expected. Now, as far as the uh

slaughter case where she's on the FTC,

um they say that that's different and

because it's not the Fed, but what this

does is this really expands presidential

power. It means that the president has

the authority to fire people at the top

of what, like 20 agencies or so. And

what they've done here is they've um

done away with Humphrey's executive

which was a decision which is standing

for about 70 80 years I think about the

ability of presidents to fire people

which was that there was no ability for

them to fire people at the head of

agencies and they've been cutting back

on that bit by bit by bit and now they

appear to have gotten rid of it since

they I haven't read the opinion yet

obviously since they're um they're

allowing the uh slaughter to be fired.

And one more thing too, if you notice

this week, what's happening and last

week, what's been happening is that

they're they're releasing opinions at

the same time that have to do with the a

similar issue. And what I think is

happening too is the it used to be that

all the big decisions were loaded to the

very end, the last day. But now we're

seeing big decisions this week and last

week. And I think the chief is trying to

mix it up so we don't have a day on the

last day of the opinion. and there were

five six, you know, there were five six

to3 decisions and they were all in these

big cases. So, I think that that's

what's happening here.

>> So, let me just um make sure I

understand. Um the Supreme Court ruled

that Lisa Cook, a Federal Reserve

governor, can stay in her job for now.

>> What's now?

>> That's a that's a good question, but

it's while litigation continues. Right.

>> Right. Right. So, yeah, because they've

had no litigation at all. He just said

you're you know, hello. I want she's

getting her due process. In other words,

>> see she Well, I assume that we have to

see what what the what the president

does now. Are they going to go forward

with this? Are they going to bother to

go forward with this and have it

litigated? Probably. And she's got one

of the best uh Supreme Court litigators

around, the former um former solicitor

general Paul Clement, who is just really

his record at the Supreme Court is

phenomenal. And I think he is the one

who has argued the most cases at the

court. And you can see the difference

the justices pay to him when when he's

arguing. So I mean that will go on her

litigation will go on to um you know to

stop this but you know by the time who

knows by the time it gets done Trump

could be out of office. I mean the way

these things drag on.

>> So the president's efforts to push her

out of the uh central bank's board that

is not going that failed. But and you

were saying that his ability to oust

other government agency leaders has been

expanded.

>> Right. This is all part of that theory

called the unitary executive theory. I

don't know if you've heard about it, but

it's like that um this people who

believe that the power of the executive

branch should be in the president. So

all these agencies are executive branch

agencies. So the president should have

the ability to fire the people who are

in charge of the executive branch

agencies. But I mean, you know,

>> the Fed is different.

>> The Fed is different. But I mean, so

with a with a with a the normal

president or the prior presidents, you

wouldn't worry about what was going to

happen because there wouldn't be a

wholesale you're fired. But, you know,

this opens the door. And people have

been worried about um them doing away

with that Humphre executive opinion. And

>> so the risk there is that these agencies

perhaps lose some of their independence.

>> Yes. Yeah. Yeah. because you know if if

the president doesn't like what you're

doing you're fired you know but I mean

in reality he he is controlling he has

put most people in those agency heads

right talking about the FCC and things

like that so um I don't know that

they'll we'll see anything happening

right away but it's a huge win and this

court as you know has been expanding

presidential power over and over again I

mean you had those decisions where um

you know nothing the president does in

office in his duties can he be

prosecuted for or so I mean I this court

just believes in presidential power and

one has to wonder when the next

president comes in if they're not

Republican what whether they'll start

cutting back on presidential power. I

mean I think it's worth noting here that

stocks fell to session lows or maybe not

fall. Um they paired their gains and

were at session lows right around the

time that this opinion was published.

They've since come back a little bit and

we're looking at modest gains in the S&P

Dow and NASDAQ. The Russell 2000 is uh

lower by 1.1%. So among the headlines

that we got is the Supreme Court letting

uh Lisa Cook, a Federal Reserve

governor, stay in her job. This is a

case that really tested the central

bank's independence from the White

House. So this is a defeat for the

president's efforts to oust her uh over

these um mortgage fraud allegations. At

the same time, we also heard that the uh

Supreme Court has uh basically said that

the mail-in ballots can arrive after

election day. That's another defeat for

the president. Um and certainly this is

relevant given that we're at a midyear

ele um midterm election year. Um on the

other hand, and June, this is where it

gets a little complicated. The other

government agencies are not seen as

>> independent really because the president

can let go of whoever he wants to.

>> Yeah. And I, you know, I I'm trying to

pull up the opinion just to see what

they're, you know, how they how they

parsed out these two um these two cases,

but I'm not getting it. I'm not getting

it. I guess I refresh refresh.

>> How about this mail uh this ballot case?

Just give us your thoughts on that. That

was a that was a surprise actually the

the ballot case because that's about

Mississippi has a law as do more than 20

other states that as long as the ballot

is postmarked by election day it can

come in 5 days up to 5 days after and

it'll still be counted. So, uh, the

Republicans were against this.

Obviously, President Trump is against

this and any kind of mail-in ballots.

And during the oral arguments, a lot of

the conservatives seem to be in favor,

although the Chief Justice and Justice

Barrett were wondering, well, would this

affect what about states that have all

mailin ballots if we say that? So, the

the argument is in the Constitution says

election day is this day, so you

shouldn't be extending it any further.

Well, if you can't extend it further,

then can you go, you know, can you also

say, well, they can come in ahead of

time. So, I think that was part of the

reasoning and I um Justice Barrett wrote

the opinion, but so that's a huge s

surprise and it was 5 to four and um so

the most conservative in the in the uh

no column and um so that's big because

that could have affected the elections,

the midterms coming up in in so many

states, more than 20. So that's actually

a a big decision and it is a surprise.

>> Okay, very good. June, thank you so

much. Appreciate it. June Graasso is a

legal analyst uh for Bloomberg News.

We'll let her go back and do that lawyer

thing like actually read uh the c the

decision.

>> I know we put her in an unfair position

because she she was working without the

text.

>> I just want the AI like cliffnotes.

>> Oh, thanks a lot.

>> I'll be leaving

>> one one pager. Uh Jared, thanks so much.

We appreciate that as always. Let's go

to Elliot Stein, litigation analyst for

Bloomberg Intelligence. Elliot, I want

to go to to the uh the Lisa Cook case

for me. Um for now, what does for now

mean? That she can stay in her job for

now?

>> Yeah, exactly. Well, this um whole

appeal was based on a preliminary ruling

by the trial court earlier in the case

um saying that she could stay in her

position while the rest of the case

would continue. And so that's really the

issue that the Supreme Court was looking

at and they said yes, she can stay in

her position, but but the real important

part of the ruling is that they said the

four cause um removal restriction

requires that she have some sort of

notice and opportunity to be heard,

which uh the president and the

administration did not offer her. So

that that's sort of the crux of the

ruling.

>> Okay. So her litigation can continue or

the um White House's litigation can

continue as well. Who hears who hears

out this case?

>> So this will go back to the lower courts

and and I should preface this by saying

I haven't read the full decision. I read

the brief summary you referenced. You

know, you want AI, but the Supreme Court

sort of gives you a a brief summary at

the beginning of the opinion which I

skimmed. Um but uh I think the way it's

going to proceed is um that it will be

sent back down to the trial court um for

them to issue a final ruling. But the

administration presumably if they want

will have to offer her some sort of

notice and opportunity to be heard if

they want to be able to continue to try

to fire her. Otherwise the trial court

is going to rule in her favor. So to the

extent the administration wanted to

extend litigation what it has been known

to do in in the past what's a timeline

for a case like this because I'm

wondering does she have to worry about

you know is this something that could

take drag on for years in which case the

admin Trump administration will you know

end or how does that

>> yeah I mean it it's a little unclear

exactly how it's going to proceed

presumably if the Trump administration

continues to want to remove her from the

Fed based on these accusations of

mortgage fraud, they'll have to have

some sort of proceeding, not a full

trial, but some sort of like

administrative proceeding where she can

present her defenses. If they don't, if

the administration doesn't want to do

that, the case is essentially over. The

trial court will rule in her favor and

say there was no notice and opportunity

to be heard uh pursuant to what the

Supreme Court said this morning.

>> Okay. So, is the Supreme Court's role in

Lisa Cook done?

>> For now. for now. It could always come

back later because I don't know if we

have um real resolution on substantively

what cause requires, right? We sort of

know now procedurally what it requires.

I'm not sure the Supreme Court I haven't

read the full opinion. Again, I'm not

sure they got into the actual uh

definition of what for cause requires

substantively.

>> Okay. What does this say about how the

Supreme Court views the Federal Reserve

versus other government agencies?

>> Yeah, this is a very good point because

the other opinion, one of the other

opinions that they issued, but

simultaneously with the Cook decision

was the Rebecca Slaughter opinion. She

was an FTC commissioner. As you recall,

President Trump fired multiple

commissioners from independent agencies

who were appointed by Democrats uh for

the most part. Um he uh challenged that

as did many other commissioners and um

the Supreme Court early on sort of

hinted that um the president would be

able to fire these other commissioners

of independent agencies but the Federal

Reserve is different and we saw that

very clearly today because the pre the

Supreme Court said that the president

could indeed fire Rebecca Slaughter and

other independent commissioners. I

haven't read that opinion either, but

presumably they uh overruled the Humphre

executive decision from 90 years ago

which established that the four cause

removal restriction was constitutional

for independent agencies. I suspect now

they're going to say it's

unconstitutional.

>> I feel like this today was a win. I

think that that slaughter case is huge.

>> The slaughter case is a big deal. It's

absolutely

>> reshape. Yeah. But that's not just a win

for Trump. That's a win for the

executive branch because the next

president who comes in can fire any

>> commissioner of an independent agency

appointed by a Republican that they

don't like.

>> So, a better way to phrase that, it's a

win for the executive branch.

>> Yeah. And he's going to be very upset

about the Lisa Cook decision and also he

uh in an earlier order it sounded like

he lost his ser petition on the uh case

and on the mail and balance and the Jean

Carol. Exactly. There's a lot going on.

>> So net net he's probably going to be

angry this afternoon.

for the executive branch though I'm not

sure I mean so now the question for a

lot of just scholars constitutional

scholars is

>> isn't it aren't these agencies their

ability to be independent isn't that a

good thing and I guess that's the debate

>> uh so you have to balance that on the

one hand versus this theory called the

unitary executive theory that the

president should be able to hire and

fire anyone he wants in the executive

branch and that he oversees the entire

executive branch And if you have these

independent commissioners that the

president can't fire, you almost have

this fourth branch of government. That's

the counterargument.

>> Interesting. Okay.

>> We have some comments from Senator

Elizabeth Warren of Massachusetts. Um

she is commenting on the Lisa Cook

Supreme Court decision. Says we'll keep

fighting back against attacks on the

Fed. Uh she also talks about Bill Bill

Py and how he can't be trusted should be

removed. that that's separate from again

uh her comments on Lisa Cook and how uh

according to Senator Warren, she or her

party will keep fighting back against

these attacks on the Federal Reserve.

What are the White House's options now?

How does it move forward with Lisa Cook

specifically?

>> Well, I think if they want to continue

to go after her for these accusations of

mortgage fraud, they can, but they'll

have to have some sort of proceeding

where she's allowed to present her

defenses. I think that's basically it.

It's unclear exactly what that looks

like.

um the Supreme Court in in the brief

summary that I was able to read before

coming on said it it doesn't have to be

a full-blown trial, but they have to

give her some opportunity to be to be

heard and present her defenses.

>> And just to put some context on uh

Senator Warren's comments about Bill Py,

Bill Py was the one who brought up the

fact that Lisa Cook um perhaps had these

u

misrepresented her mortgage application,

right? because he's the head of the FHFA

and he brought it to the president's

attention and that kind of got

everything started, Paul, with um this

allegation of mortgage fraud.

>> So, if I'm a agency head appointed by

anybody other than Donald Trump, am I

nervous about my job today?

>> Probably. But but he I think he's

already fired most of the ones he wants

to fire. I mean, I'm serious. Look at

the CFTC. You have one

>> you have the chairman and that's it. No

other commissioners. And so, you know,

the effect of that is you don't have

you're probably not going to change the

votes because you're always going to it

was always tradition that the chair

would resign and let the incoming

president appoint someone from his own

party. Okay. But you're not going to

have dissenting voices now to push back

on the majority in these agencies. And I

think that's really the the big effect

>> is that how much of this is a surprise?

What what surprises you about this

string of decisions?

>> Nothing. This was exactly as we

anticipated that Humphrey's executive

would be overruled. the president would

be able to fire commissioners of

independent agencies under the unitary

executive theory. Um but the Supreme

Court gave us hints as far back as last

year that the Federal Reserve is

different um just based on it. It said

it has a unique structure, a unique

history. It's uh not really it's sort of

this quasi private entity because it has

a mix of being a government entity and

also private uh sector members um who or

at least private sector members who vote

in some of the regional bank presidents.

Um so it it it didn't come as a

surprise. We thought the Fed would be

treated differently.

>> Mail and ballot. Was that a surprise?

>> Um that's a little bit of a surprise. I

don't follow that case. It doesn't have

a huge doesn't have a business impact.

Um, fair,

>> but yes, I would say it's a little bit

of a surprise. Um, and I think June

probably touched on that earlier.

>> All right, good. Elliot Stein, great

stuff as always. Elliot Stein, Bloomberg

intelligence litigation analyst. See,

that law school paid off.

>> Totally.

>> He started strong at Stanford and then

he took a wrong turn going to law

school. I mean, I don't know. I don't

know.

>> He did that all without the benefit of

reading the full text. So, thank you

Elliot for doing that.

>> Exactly. When your options are limited,

so are your opportunities. At SIBO, the

global exchange that pioneered options

trading, we offer more ways to move with

the market. From VIX and SPX options to

global market data solutions, SIBO helps

investors diversify, manage risk, and

stay ahead of whatever the market does

next. SIBO life is better with options.

Your investments could be too. There are

risks associated with SIBO company

products. Review the disclosures and

disclaimers at sibo.com/ us_isclaimers.

The thing about AI for business, it may

not automatically fit the way your

business works. At IBM, we've seen this

firsthand,

but by embedding AI across HR, IT, and

procurement processes, we've reduced

cost by millions, slash repetitive

tasks, and freed thousands of hours for

strategic work. Now, we're helping

companies get smarter by putting AI

where it actually pays off, deep in the

work that moves the business. Let's

create smarter business. IBM

>> support for the show comes from

public.com. If you're actively involved

in your portfolio, you probably catch

yourself repeating the same actions.

Buying the dip, manually sweeping idle

cash, putting on a hedge. On public, you

can now create AI agents that handle all

these tasks on your behalf. Just

describe what you want to do in plain

English, like if the VIX hits 25, buy a

put option on the S&P 500. or if my cash

balance goes above $20,000, move the

excess into my direct index. You approve

the workflow and your agent handles the

risk, monitoring the market, watching

for your conditions, and executing your

strategies exactly as defined. An

investing platform driven by your

intent, not just your clicks. You can

also get full read and write access to

your account via the public API. Go to

public.com/market

and fund your account in 5 minutes or

less. That's publicub.com/market.

Paid for by public investing. Brokerage

services by Open to the Public Investing

Inc. Member FINRA and SIPC. Advisory

Services by Public Adviserss LLC. SEC

registered adviser. Complete disclosures

available at public.com/disclosures.

Tyler Kendall joins us here. Uh she is

outside of the Supreme Court. She's a

Bloomberg News Washington correspondent.

Tyler, what's the feeling do you think

within what do you think the takeaway

will be from this president, from this

administration about this busy busy day

of Supreme Court rulings?

>> Well, by and large, Paul, the

administration got a win when it comes

to the Trump v. Slaughter case,

essentially uh expanding the president's

authority to remove independent heads of

uh independent agencies. Rebecca

Slaughter was the last Democratic

commissioner on the Federal Trade

Commission. So that is considered to be

a win for the Trump administration. Uh

not necessarily a surprising decis

decision. The deci the justices had been

a little bit wary of the idea that the

president wouldn't be able to uh remove

officials that are accountable to the

executive branch. But the Lisa Cook

decision means that uh she can stay in

her job at least for now. Which means

that that legal fight does continue. The

justices did not weigh in on whether or

not they believed that the Trump

administration's accusations rise to the

level that Lisa Cook should be fired,

which means this is still a stay tuned

situation. But by and large, that part

of the decisions today does mark at

least partially a setback for uh this

White House.

>> So when it comes to Lisa Cook, uh I

guess a lot of people are wondering what

that means for J. pal because the former

Fed chair had said that he would stay on

the Federal Reserve board um until legal

issues are resolved. And maybe Lisa Cook

was one of them, but I I guess the Fed

renovation um and the DOJ's action

against um the Fed and JPAL specifically

is still it's still out there, isn't it?

>> Yeah. And it could come back up. There

were a few different threads that we

were watching in this case, Scarlet. One

is the idea of equities. Basically, that

the justices were looking into what the

broad range impacts would be when it

comes to the Federal Reserve and what

would happen to the US economy if a

governor was removed. And I bring that

up because we heard this be uh one of

the main arguments from one of the

conservative justices, Brett Kavanaaugh.

His line of questioning back when this

case was heard in January, very much

focused on this. I'm trying to find the

quote. at the time he said that if Lisa

Cook was removed it would quote weaken

if not shatter the independence of the

Fed and today the decision was 54 and

that included Brett Kavanaaugh uh siding

with the liberal justices on this court

in favor of Lisa Cook being able to keep

her job for now. So that's probably a

thread that would make its way through

if uh a case against Powell ultimately

uh came up. And the second is the idea

that Lisa Cook wasn't given uh

essentially due process in responding to

the allegations against her before she

was fired. You remember when all of this

was happening and essentially she was

fired via a tweet uh from President

Trump without uh much chance to respond

to the allegations uh that were posted

on social media. So there are a lot of

different factors in this case, but by

and large it is taken to mean that the

Supreme Court bolstered the independence

of the central bank. Tyler, we also had

a ruling uh Supreme Court earlier today

left intact a jury's finding that Donald

Trump sexually abused and defamed the

writer E Jean Carol, putting her in line

to collect a $5 million award from the

president. What has the president

commented on on this particular case?

So, we haven't heard from him yet today,

and the justices didn't really provide

much of an explanation for this uh

decision, but uh this probably isn't

going to be something that President

Trump uh is too happy with. This does

deal essentially a final blow to

President Trump's efforts to thwart

thrott uh end one of the most

significant legal cases uh against him.

It was another one that we were tracking

closely, but it wasn't uh heard in the

standard term of the Supreme Court. So,

it came out earlier this morning instead

of with this ruling. Instead, uh we just

got uh this Supreme Court decision,

which uh uh means that uh President

Trump is going to have to pay that $5

million judgment.

>> All in all, Tyler, what do you expect in

terms of um the president's uh giving

some kind of response? How does he

usually respond to these kinds of uh

decisions? Will it be on truth social?

Do you think do we expect him to hold a

news conference, for instance? What will

you be looking for?

>> I would expect that we'll probably we'll

probably get a post out on Truth Social.

Today, President Trump actually doesn't

have any public events on his schedule.

That doesn't mean that some of the

closed dooror events couldn't open up.

He does have a few different policy

meetings that we're tracking closely

today. But this case was one where

President Trump was heavily involved in.

We're also waiting likely later this

week to get a decision on the other

really conso consequential case that

we're watching for, which is birthright

citizenship. And I was actually here at

the court back in April when President

Trump came here too. He uh very clearly

wanted to make his opinion known when it

comes uh to the justices uh trying to

figure out the legality of his executive

order that deals with ending automatic

birthright citizenship. I would expect

him to be very vocal when we get that

decision likely later this week. We

could maybe see it early next week if

the Supreme Court adds a date uh in

early July, but we're really expecting

that to be later this week. So, it could

potentially be two blows to the Trump

administration's agenda when it comes to

the Lisa Cook case and what appears to

be a weariness around the Trump

administration's argument related to

birthright citizenship.

>> Oh, thank you for spinning it forward

for us, Tyler. Tyler Kendall's our chief

Washington correspondent. Um, of course,

uh, giving us the latest with regards

to, um, the Supreme Court letting Lisa

Cook, a Federal Reserve governor, stay

in her job. For now, we're going to get

into what all this means and um what

this means in terms of what the Fed

looks like in um you know, now that the

Supreme Court has made this ruling.

Gotham Makunda is lecturer at the Yale

School of Management and a Bloomberg

opinion contributor. Uh he writes

regularly on issues of management uh the

intersection of policy and business. uh

Gotham, your initial thoughts on this

headline uh the the ruling from the

Supreme Court that it has allowed uh

Lisa Cook to stay in her job for now and

it has pretty much signal that the

Federal Reserve is different than other

government agencies.

>> Yeah, it's it's not a surprising ruling

because the court has already signaled

that it thinks the Federal Reserve is

different. I I think the the striking

thing about it is the extent to which

the court has basically just abandoned

jurist prudence and is saying we like

the Federal Reserve. we think it's

really important, so we're going to

treat it as a special case. Whereas

every other government agency, and they

also announced today, right, that that

this other one of the rulings today that

the president does have the power to

fire FTC commissioners. Every other

government agency gets treated like a

pawn of the president, but somehow for

mystical reasons, we will not really

specify the Federal Reserve is special.

Okay, I guess it is. We were informed

by, you know, a couple of our guests,

uh, legal backgrounds that there's some

theory out there that says, hey, you

know, the universal kind of thing. I'm

not sure what it's called, but basically

says the president should be able to do

all this stuff. It's it's his or her

administration and so the president

should be able to appoint uh who they

want in these agencies. And that's

>> so the theory is the unitary executive.

That's the that's what they're referring

to. It's the idea that every single

person in the executive branch is kind

of like the fingers of the hand of the

president. Um the unitary executive

theory is something that was invented

quite recently really in the 1970s. If

you'd taken it to one of the founders

they would have just been baffled. But

just to demonstrate how it breaks down

so completely. Um inspector general

inspectors general the people whose job

it is to identify fraud and and you know

tell us that the you know the president

or his or his appointees is stealing

from the American public are also

members of the executive branch. So if

the unitary executive theory was true,

then it would be a power of the

president to order inspector generals to

cover up for his own crimes. If that

makes sense to you, then you believe in

the unitary executive.

>> Wow. Okay. I I had to think about that

one for a little bit, but that that is

saying something. So this idea that the

Federal Reserve is different. Um, can

the Trump administration do anything

else in in its, you know, quest to to

remake the Fed or is this something

where they kind of just have to call it

an L and and and step back? How are you

thinking this through?

>> Well, the ruling is a for now ruling,

right? So, what they're presumably going

to do is then continue on with the

litigation against Lisa Cook in the hope

of either winning a conviction or just,

you know, draining her resources and her

resolve to such an extent that she that

she steps down. I don't think either of

those will work because the charges

against her are on their face quite

absurd and she doesn't seem like the

sort of person who's going to back down

in the face of this kind of an assault.

But the this story is not over. We just

we just ended one chapter. President

Trump is out with a a tweet uh just now

um as I'm sure you're not surprised, but

basically touting the slaughter case as

a all caps big win here and really

saying this is, you know, presidents

have been trying to to do this since the

1930s.

Again, try and put this into context. It

seems like a win for not not not just

Donald Trump, but for the executive

branch. Um but again, maybe it's a it's

a real loss for independence. It's

tough. I'm not sure h how you weigh

those two things.

>> That's right. So, it is clearly the

Supreme Court and uh Chief Justice

Roberts in particular and you know has

has a long history of just saying that

he's he he he wants to concentrate power

in the hands of the executive branch and

in the hands of the court. And we should

note, right, it's not just the executive

branch. It's the court because the court

has arrogated it to itself the ability

to to say that we, you know, we can't at

any time make up rules that say that,

hey, the executive branch doesn't have

this power. But okay, so they've done

that. They've contracted these powers

into the court uh into the court and the

executive branch. That is a big win. But

there's some there are two sets of

questions here. One is are these powers

that this court is going to allocate to

all presidents or is it just going to be

presidents that it seems to like and I

don't think we know the answer to that

yet. And second is you know a different

president who had a much more ambitious

view of what they wanted to do in policy

and I can tell you the Democrats are

already talking about how they can use

the powers that the court has given the

executive when they take office is going

to use this in a very very different

ways. Ways that I suspect Chief Justice

Roberts is not going to like.

Ryan Reynolds here from Mint Mobile with

a message for everyone paying big

wireless way too much. Please, for the

love of everything good in this world,

stop. With Mint, you can get premium

wireless for just $15 a month. Of

course, if you enjoy overpaying, no

judgments, but that's weird. Okay, one

judgment.

Anyway, give it a try at

mintmobile.com/switch.

>> Upfront payment of $45 for 3month plan,

equivalent to $15 per month required.

Intro rate first 3 months only then full

price plan options available. Taxes and

fees extra. See full terms at

mintmobile.com.

Every sale comes down to that single

second between buy now and maybe later.

PayPal is built to help your business

win that moment across new markets and a

new agentic era. With a checkout that's

reliable and a global network of

hundreds of millions of buyers who

already know us. All to keep you in

control however buying happens next.

We're built for payments, built for

growth, built for Agentic. PayPal Open,

built for all business. Get started at

paypalopen.com.

Paramount Plus is now the home of all

your BET favorites.

>> What?

>> Yes.

>> With all new episodes of Tyler Perry's

Divorce Sisters.

>> You've always liked a little drama.

>> Plus, a whole new world of movies like

Gladiator 2.

>> Now I will control an empire.

>> Original series like The Shy.

>> Just make sure we protect each other.

>> And live sports like UFC. WELCOME TO THE

HISTORY BOOKS.

>> New home, same family. Your BET

favorites are now on Paramount Plus.

Subscribe now.