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Speaker 1: News when you want it with Bloomberg News Now. I'm

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Speaker 1: Dan Schwartzman. A federal appeals court ruled that President Trump

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Speaker 1: acted illegally when he imposed global tariffs through emergency powers.

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Speaker 1: Judges said the law he used allows sanctions and asset freezes,

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Speaker 1: but not duties or taxes. We heard earlier from Republican

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Speaker 1: Senator James Langford of Oklahoma. He spoke to NBC's Meet

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Speaker 1: the Press, as heard on Bloomberg Radio.

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Speaker 2: We have ten trade deals that have now been done

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Speaker 2: in seven very short months with major countries like the EU,

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Speaker 2: with the UK, with the Philippines, with Indonesia, South Korea, Japan.

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Speaker 2: And these are enormous trade agreements that have happened. And

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Speaker 2: so for the court to step in and say, hey

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Speaker 2: doesn't have the ability to be able to regulate trade

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Speaker 2: that is within the statute, and it is now going

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Speaker 2: to go to the Supreme courts to be able to

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Speaker 2: determine that.

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Speaker 1: Oklahoma Senator James Langford speaking to enbc's Meet the Press.

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Speaker 1: The tariff's remained in effect while the legal battle continues.

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Speaker 1: Trillions of dollars in trade are at stake, along with

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Speaker 1: demands for refunds. Already paid. Chicago Mayor Brandon Johnson is

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Speaker 1: taking steps to yield the city from a potential federal deployment.

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Speaker 1: He signed an executive order on Saturday which bans federal

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Speaker 1: officers from disguising themselves, part of what he calls protecting residents' rights.

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Speaker 1: Here's Johnson speaking to reporters.

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Speaker 3: We have received credible reports that we have days, not

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Speaker 3: weeks before our city see some type of militarized activity

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Speaker 3: by the federal government. It is unclear at this time

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Speaker 3: what that will look like exactly.

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Speaker 1: President Trump has threatened to deploy the National Guard, as

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Speaker 1: he did in DC, and criticized Governor JB. Pritzker for

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Speaker 1: opposing outside intervention. Johnson said Chicago will resist any such move,

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Speaker 1: noting crime in the city's already down double digits across

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Speaker 1: major categories. Meantime, Homeland Security Secretary Christy Nomes says the

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Speaker 1: federal crime and immigration crackdown will not be limited to Chicago.

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Speaker 1: She spoke Sunday to CBS's Faced the Nation.

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Speaker 4: We will continue to go after the worst of the

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Speaker 4: worst across the country, like President Trump has told us

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Speaker 4: to do, focusing on those that are perpetuating murder and

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Speaker 4: rape and trafficking of drugs and humans across our country.

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Speaker 1: That's DHS Secretary Christinome. She noted that cities across the US,

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Speaker 1: including those in Republican led states, could see increased federal

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Speaker 1: deployments if crime rates rise. The New York Times reports

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Speaker 1: that Robert Muller, the former special counselor who led the

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Speaker 1: Russia investigation during President Trump's first term, was diagnosed with

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Speaker 1: Parkinson's disease four years ago. Citing a Muller family statement,

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Speaker 1: the Times added that Muller, a former FBI director, has

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Speaker 1: had difficulties speaking and experienced mobility issues. As a result.

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Speaker 1: A congressional committee has withdrawn a request from mister Muller

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Speaker 1: to give testimony this week and its inquiry into the

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Speaker 1: government's handling of the Jeffrey Epstein investigations. Israel says it

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Speaker 1: has eliminated Kihama spokesman Abu Obta in a Gaza City airstrike.

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Speaker 1: Obeta had become the face of Hamas's armed wing, often

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Speaker 1: appearing on television with his face covered by a kafia.

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Speaker 1: Azrael has been attacking Gaza City, one of the last

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Speaker 1: areas that is not under Israeli control. According to reports,

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Speaker 1: without Obeta Hamas has only three senior figures left in

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Speaker 1: the entire Gaza strip. We go to Business News next.

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Speaker 1: Spirit Aviation Holdings has filed for bankruptcy for the second

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Speaker 1: time in less than a year. That story from Bloomberg's

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Speaker 1: Charlie Pellett.

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Speaker 5: The filing comes after it failed to turn around business

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Speaker 5: at its cash strapped airline. The carrier filed Chapter eleven Friday,

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Speaker 5: listing assets and liabilities of between one and ten billion dollars.

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Speaker 5: The filing comes amid active negotiations with some of its

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Speaker 5: largest lessors, secured note holders, and key stakeholders. In a

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Speaker 5: letter to customers, Spirits said the bankruptcy filing will not

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Speaker 5: impact the airline's operations and will have no impact on

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Speaker 5: tickets or its loyalty program. In New York, Charlie Pellett's

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Speaker 5: Bloomberg radio.

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Speaker 1: Drug maker Stata is close to being sold to London

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Speaker 1: based bio firm cap Vest in a deal set to

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Speaker 1: near twelve billion dollars. According to reports, the deal could

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Speaker 1: be finalized as soon as Monday, if there aren't any

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Speaker 1: last minute hiccups, such as Stata's owners opting to pursue

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Speaker 1: an IPO rather than a sale, and that's news when

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Speaker 1: you want it. With Bloomberg News Now, I'm Dan Schwartzman

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Speaker 1: in This is Bloomberg