2026-06-26
Haiti TPS ruling, Venezuela earthquakes, asylum asylum policy shifts, Greenspan dead at 100.
Good morning. Supreme Court made two big moves on immigration. Earthquakes hit Venezuela hard. And the Fed's longest-serving chair has died. Friday carries weight.
Morning Reality Check
Court upheld the end of Temporary Protected Status for Haitian migrants. Evidence suggests the decision was rooted in racial and ethnic discrimination. The statutory reasoning also carries flaws.
Supreme Court ruling allows the Trump administration to block asylum seekers at the US-Mexico border. The legal door is open. How fast it swings depends on what comes next.
Supreme Court said Bayer didn't need to warn consumers of cancer risk. One Make America Healthy Again advocate called it sickening. The decision handed Bayer a shield.
Strong greenback and Fed rate-hike expectations pressured Asian currencies. The Hong Kong dollar slid to its weakest point in roughly a year. The dollar strengthens; everything else settles lower.
Acting president Delcy Rodríguez toured damage sites and pledged rescue efforts. Authorities expect the final count will climb well past current numbers. The machinery is already strained.
Federal judge in Texas ordered Tesla CEO Elon Musk to give a deposition in cases alleging he defrauded voters in swing states before 2024. The legal machinery rolls on.
The Fed chairman for nearly two decades, one of the most consequential economic architects in American history, died at his home in Washington on June 22. He had shaped policy through multiple presidencies.
The former chair told NYU economists his three years as Gerald Ford's economic adviser was more interesting than running the central bank. Eighteen years at the helm, and his nostalgia pointed elsewhere.
"Standard noise. Calibrate accordingly."
"Worth paying attention to. Don't doomscroll."
Supreme Court rewrote asylum policy. Greenspan's 19-year reign ended. Markets noticed the court, ignored the death.
Back at 12:00 PM ET with the lunch reset brief.