Post-Summer Reflections and Tariff Turmoil

A federal appeals court’s ruling late Friday that the vast majority of President Trump’s tariffs are illegal does not change the status quo for now, but it sets the stage for a showdown at the Supreme Court. CNBC’s Megan Cassella breaks down the latest developments in the tariff fight. McDonald’s announced that it is expanding its value offerings to reach more price-conscious diners. McDonald’s CEO Chris Kempczinski discusses the launch of the new Extra Value Menu, the health of the consumer, and the company’s exit from Russia. Plus, Kraft Heinz announced it will split into two public companies, and OpenAI rolls out updates to some of its safety features.

Chris Kempczinski 19:13

In this episode:

Megan Cassella, @mmcassella

Becky Quick, @BeckyQuick

Joe Kernen, @JoeSquawk 

Andrew Ross Sorkin, @andrewrsorkin

Zach Vallese, @zachvallese