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Speaker 1: State side. Richard Arnold, good morning, good morning. So where

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Speaker 1: do we go here with these courts? Good question?

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Speaker 2: He Trump White House is reacting furiously after a trade

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Speaker 2: court initially blocked the Trump tarifs. In the second court

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Speaker 2: short time ago, a district court just endorsed that ban.

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Speaker 2: Trump's top adviser, Stephen Miller, is calling what is happening

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Speaker 2: a judicial coup. The first court in question is one

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Speaker 2: of the few people even heard of. It sat as

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Speaker 2: a three judge panel on the Court of International Trade.

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Speaker 2: One of that trio of judges was appointed by Trump

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Speaker 2: and the others by Reagan and Obama. So there's the mix. Now,

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Speaker 2: the Trump team has gone ballistic, saying it should not

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Speaker 2: be left to unelected judges to decide how to address

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Speaker 2: a national emergency, in suggesting judges are members of some

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Speaker 2: deep state conspiracy. The judges produced a forty nine page decision.

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Speaker 2: By the way, now Trump intends to ask the US

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Speaker 2: Supreme Court to pause this trade court's tariff ban. Typically,

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Speaker 2: taris have to be approved by the legislators in the

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Speaker 2: Congress here, but the lawmakers shelved all their responsibility on

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Speaker 2: that when Trump argued the trade deaf as it was

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Speaker 2: a national emergency Liberation Day and all of that, and

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Speaker 2: that Trump as president should have complete control. Well, as

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Speaker 2: court now has said, what Trump did was exceeding his

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Speaker 2: authority was illegal. Financial markets are during the court ruling.

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Speaker 2: They don't much like the tariffs or all of the

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Speaker 2: economic confusion we've been seeing. This tariff court ruling effects

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Speaker 2: the sweeping tariffs that Trump imposed on many countries last month,

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Speaker 2: doesn't affect these specific industry tariffs like those on cars,

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Speaker 2: which remain in effect. The Trump team says they are

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Speaker 2: also looking in other ways to proceed, so the tariff game,

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Speaker 2: they suggest, is not done with yet. At the White House,

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Speaker 2: Trump was angered to hear from a question that some

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Speaker 2: on Wall Street are branding him as Taco Taco, meaning

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Speaker 2: they suggest Trump always chickens out, said Trump, Oh.

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Speaker 3: Then checking out, I've never heard that.

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Speaker 2: You mean, because they reduced China from one hundred and

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Speaker 2: forty five percent of and you ask a nasty question

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Speaker 2: like that, it's called negotiation. Well, the Trade Court now

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Speaker 2: to give him the White House ten days to issue

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Speaker 2: new orders reflecting their tariff ban, as Trump aids are

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Speaker 2: slamming the judges and previously, Trump has criticized other judges

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Speaker 2: who rule against him as crooked, radical and monsters.

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Speaker 1: Right, then we come to Musk, who's back at the

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Speaker 1: car yard, and so what did he do? What happened there?

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Speaker 2: Yeah, it's been a long goodbye and it's a good question,

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Speaker 2: isn't it. Elon made an official late last night the

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Speaker 2: Washington exit after one of the most turbulent and sometimes

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Speaker 2: bizarre stints in the Capitol. He can firmed his departure

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Speaker 2: with a post on exits social media site late in

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Speaker 2: the night after the interview which he which he sampled yesterday,

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Speaker 2: where he criticized from Trump policies, including Trump's so called

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Speaker 2: big beautiful budget plan, with Musk saying of that, I

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Speaker 2: think a.

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Speaker 3: Book can be big or it can be beautiful.

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Speaker 1: I don't know if it could be both. I had

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Speaker 1: to play that again.

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Speaker 2: It's tested to become a classic line I record. So

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Speaker 2: what's the assessment of the Musk and Doge minions team?

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Speaker 2: Trump aid Stephen Miller says, what Doge has done is quote,

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Speaker 2: among the most valuable services ever rendered to government end quote?

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Speaker 3: Is it?

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Speaker 2: Musk came in saying he would trim with budget chainsaws

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Speaker 2: at the ready two trillion dollars nine billion in cuts

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Speaker 2: have been forwarded to the Congress. Here a bit of

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Speaker 2: a gap nine billion, two trillion, says Kara Swisser, a

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Speaker 2: tech reporter who's known Elon Musk for many, many years.

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Speaker 3: I think he found a lot more difficulty in finding

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Speaker 3: real cuts and everything else. And I think they're only

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Speaker 3: sending nine billion dollars in DOGE cuts to which is nothing.

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Speaker 3: It's a drop in the bucket, which means pretty much

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Speaker 3: his effort was a failure.

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Speaker 2: She argues that Mask's boss of the company style was

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Speaker 2: a big part of the problem.

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Speaker 3: I think Elon thought, because the way he runs his

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Speaker 3: own companies, that he could just come in and trample everybody.

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Speaker 3: I think that was one of the problems. I think

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Speaker 3: he bullied cabinet members. I think he ran over things.

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Speaker 3: He took a lot of Lion's share of the attention

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Speaker 3: the whole chainsaw thing, and I think he he did

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Speaker 3: a lot more swmanship than he did actual work.

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Speaker 2: So, yeah, as you say, it's back to the car

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Speaker 2: lot and the space pad.

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Speaker 1: Have a good long weekend, mate, see Wednesday. Richard Arnold state, So,

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Speaker 1: by the way, the whole bond thing in America, you know,

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Speaker 1: people are freaking out about America. There was a bond

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Speaker 1: auction this week in Japan. People are starting to freak

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Speaker 1: out about Japan because the forty year bonds were not

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Speaker 1: particularly sold heavily because the demand wasn't there. People with money,

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Speaker 1: i e. Gold, they're parking gold literally now in Singapore

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Speaker 1: seems to be. There's a place called the Reserve, which

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Speaker 1: is a sixth story building I'm reading about this week

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Speaker 1: where you park your gold and silver. They've got a

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Speaker 1: billion and a half coming in started the year. There's

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Speaker 1: an eighty eight percent increase in orders to store gold

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Speaker 1: and silver. So the world's on edge at the moment.

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Speaker 1: A little bit.

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Speaker 2: For more from the Mic Asking Breakfast, listen live to

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