Stocks got a boost on Wednesday on reports that the Supreme Court seemed skeptical of Trump's tariffs. Consumer stocks and automakers jumped.

The Supreme Court heard oral arguments over the Trump tariffs on Wednesday, and did not seem convinced of their legality. Mark Joseph Stern, John Della Volpe, Daniel Koh, and David Rohde join Stephanie Ruhle to discuss the landmark case for the Midweek Nightcap.

N O SITTING PRESIDENT has ever attended an oral argument at the Supreme Court. That is one precedent Donald Trump chose not to break after flirting with the idea of turning up for the arguments in Learning Resources v Trump —the case challenging the legality of Mr Trump’s tariff barrage that was heard on November 5th.

Security around the U.S. Supreme Court building is amped up a bit this morning, almost as if somebody really important was planning to attend.

On Kalshi, contracts tied to whether the court would rule in favor of Trump's tariffs slipped to around 30% from nearly 50% before Wednesday's hearing.

In one of the largest cases for Trump in his second term, justices will decide if his signature economic policy is legally sound