Supreme Court rulings on birthright citizenship and campaign finance (with Joe Matthew, Kailey Leinz)

Supreme Court upheld birthright citizenship (14th Amendment) in a 6-3 decision, rejecting Trump's executive order. In a separate ruling, the court struck down limits on political party coordination with candidates, allowing parties to get preferential ad rates, which will amplify Republican cash advantage ahead of midterms.

Yields

NDX

RUT

Oil

Metals

USD

Bloomberg News / Media 7.0
Financial Media
Tyler Kendall 3.5

Supreme Court rulings on birthright citizenship and campaign finance (with Joe Matthew, Kailey Leinz)

Asks Tyler Kendall about the birthright citizenship ruling and the reaction on the ground.

Joe Matthew
Tyler Kendall

The birthright citizenship decision was widely expected; Chief Justice Roberts called the administration's position 'quirky'. The court upheld the 14th Amendment's citizenship clause, rejecting Trump's attempt to restrict it.

The ruling has broad implications for immigration policy, but the court sided with long-standing legal precedent.
Asks about the campaign finance ruling and its implications for November midterms.

Kailey Leinz
Tyler Kendall

The court struck down limits on party-candidate coordination. Parties can now get preferential TV ad rates, making fundraising dollars go further. This is monumental for campaign finance ahead of razor-thin midterm races.

Political parties had held back spending waiting for this ruling; it will significantly amplify the Republican cash advantage.

SignalTube

markets at a glance