In a recent Supreme Court session, the lawyer representing Donald Trump encountered skepticism regarding the legality of tariffs imposed during his administration. This discussion is significant as it could set a precedent for how tariffs are evaluated in the future, impacting trade policies and economic relations. The outcome may influence not only Trump's legacy but also the broader legal framework surrounding executive powers in trade.

The Supreme Court is currently deliberating on a significant case involving Trump's proposed trillion-dollar tariffs, which he claims is one of the most crucial in U.S. history. The conservative justices appear skeptical about the merits of Trump's argument, raising questions about the future of his tariff policies. This case matters because it could set a precedent for how trade policies are implemented and challenged in the courts, impacting the economy and international relations.

Starbucks workers are planning a strike on Red Cup Day in over 25 cities, highlighting ongoing tensions between the company and its unionized employees. This event is significant as it underscores the growing movement for better working conditions and fair treatment in the service industry, drawing attention to the challenges faced by workers in a major corporation.

Wall Street is gearing up for another year of increased bonuses, according to a new report from Johnson Associates. This marks the second consecutive year of growth, driven by market volatility and mergers and acquisitions. Chris Connors, a principal at Johnson Associates, discussed the findings on Bloomberg Open Interest, highlighting the positive outlook for financial professionals. This news is significant as it reflects the resilience of the financial sector and could boost morale among employees, potentially leading to increased spending and investment.

In a recent discussion with Bloomberg's Dani Burger, Katrina Dudley, Senior Investment Strategist at Franklin Templeton, addressed the current pullback in stock markets. She highlighted that while there are concerns over valuations, the focus should remain on earnings expectations. This perspective is crucial as it helps investors navigate market fluctuations and understand the underlying factors driving stock performance.

The US Supreme Court is questioning the legality of the tariffs imposed by the Trump administration, which have affected nearly all US trading partners. This scrutiny is significant as it could reshape trade policies and impact the economy, highlighting the ongoing debate over the balance of power between the executive branch and judicial oversight.

Turkish Airlines is raising concerns about engine manufacturers exploiting the current surge in aircraft demand and limited engine supplies to inflate prices. Chairman Ahmet Bolat discussed these issues in an interview with Bloomberg, highlighting the challenges the airline faces in negotiations for its latest engine order. This situation is significant as it could impact the airline's operational costs and future expansion plans.

In October, US services activity surged to its highest level in eight months, with the Institute for Supply Management reporting a notable increase in their services index. This growth is significant as it indicates a robust recovery in the services sector, which is crucial for the overall economy. The rise in the prices-paid index to a three-year high also suggests that demand is strong, potentially leading to inflationary pressures. This positive trend is worth watching as it could influence economic policies and consumer confidence moving forward.