WSJ What’s News The Supreme Court Limits Judges’ Power Against Trump’s Executive Orders
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Jun 27, 2025 A recent Supreme Court ruling has restricted judges' power to issue nationwide injunctions, potentially affecting challenges to Trump’s executive orders, particularly around birthright citizenship. In economic news, Trump’s announcement to end trade talks with Canada has caused a dip in U.S. markets. Additionally, the wedding of Jeff Bezos and Lauren Sánchez turns into a lavish three-day celebration in Venice. With legal and economic undercurrents at play, this discussion navigates significant shifts in both arenas.
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Markets React to Trade Developments
- Initial optimism in US markets was driven by trade developments and optimism around progress in trade deals.
- Market enthusiasm waned after Trump's announcement ending trade talks with Canada.
Multiple Factors Boost Market Sentiment
- Market optimism is buoyed by strong corporate earnings and encouraging economic data.
- Ceasefires abroad also contribute to improved investor confidence.
Consumer Sentiment and Inflation Insights
- Despite rising consumer sentiment, confidence remains low by historical standards.
- Inflation showed minimal tariff-related impact while incomes and spending declined slightly.