00:03 Speaker A
Time now for to watch Friday December 9th.
00:08 Speaker A
We’re going to start off on tariffs. Possible ruling coming on Friday from the US Supreme Court.
00:15 Speaker A
That’s for President Trump’s use of emergency powers to impose sweeping global tariffs, case centering on whether the White House overstepped its authority by using a national security law to levy broad import taxes.
00:27 Speaker A
Odds on prediction market, Polymarket say there’s a 25% chance the Supreme Court rules in favor of Trump’s tariffs.
00:36 Speaker A
Moving over to the labor front, the December Jobs report coming out on Friday, Commons forecast in the US economy to add 70,000 jobs while unemployment slows down to 4.5% and hourly wages tick up to 0.3% on a month over month basis.
00:54 Speaker A
And taking a look at the Federal Reserve, we’re going to be getting some fresh commentary on Friday from Fed presidents, Neil Kakari and Tom Barkin.
01:03 Speaker A
It’s coming after from comments from Fed governor Stephen Moran. Moran saying that the central bank will need to cut interest rates by more than a percentage point in 2026.
01:13 Speaker A
And checking in on the consumer, fresh data coming in on Friday with consumer sentiment. The January number expected to rise compared to last to last month to 53 53.5, signaling that consumers are feeling slightly more optimistic about the state of the economy.