Speaker 1: News when you want it with Bloomberg News Now. I'm
Speaker 1: Dan Schwartzman. A federal appeals court ruled that President Trump
Speaker 1: acted illegally when he imposed global tariffs through emergency powers.
Speaker 1: Judges said the law he used allows sanctions and asset freezes,
Speaker 1: but not duties or taxes. We heard earlier from Republican
Speaker 1: Senator James Langford of Oklahoma. He spoke to NBC's Meet
Speaker 1: the Press, as heard on Bloomberg Radio.
Speaker 2: We have ten trade deals that have now been done
Speaker 2: in seven very short months with major countries like the EU,
Speaker 2: with the UK, with the Philippines, with Indonesia, South Korea, Japan.
Speaker 2: And these are enormous trade agreements that have happened. And
Speaker 2: so for the court to step in and say, hey
Speaker 2: doesn't have the ability to be able to regulate trade
Speaker 2: that is within the statute, and it is now going
Speaker 2: to go to the Supreme courts to be able to
Speaker 2: determine that.
Speaker 1: Oklahoma Senator James Langford speaking to enbc's Meet the Press.
Speaker 1: The tariff's remained in effect while the legal battle continues.
Speaker 1: Trillions of dollars in trade are at stake, along with
Speaker 1: demands for refunds. Already paid. Chicago Mayor Brandon Johnson is
Speaker 1: taking steps to yield the city from a potential federal deployment.
Speaker 1: He signed an executive order on Saturday which bans federal
Speaker 1: officers from disguising themselves, part of what he calls protecting residents' rights.
Speaker 1: Here's Johnson speaking to reporters.
Speaker 3: We have received credible reports that we have days, not
Speaker 3: weeks before our city see some type of militarized activity
Speaker 3: by the federal government. It is unclear at this time
Speaker 3: what that will look like exactly.
Speaker 1: President Trump has threatened to deploy the National Guard, as
Speaker 1: he did in DC, and criticized Governor JB. Pritzker for
Speaker 1: opposing outside intervention. Johnson said Chicago will resist any such move,
Speaker 1: noting crime in the city's already down double digits across
Speaker 1: major categories. Meantime, Homeland Security Secretary Christy Nomes says the
Speaker 1: federal crime and immigration crackdown will not be limited to Chicago.
Speaker 1: She spoke Sunday to CBS's Faced the Nation.
Speaker 4: We will continue to go after the worst of the
Speaker 4: worst across the country, like President Trump has told us
Speaker 4: to do, focusing on those that are perpetuating murder and
Speaker 4: rape and trafficking of drugs and humans across our country.
Speaker 1: That's DHS Secretary Christinome. She noted that cities across the US,
Speaker 1: including those in Republican led states, could see increased federal
Speaker 1: deployments if crime rates rise. The New York Times reports
Speaker 1: that Robert Muller, the former special counselor who led the
Speaker 1: Russia investigation during President Trump's first term, was diagnosed with
Speaker 1: Parkinson's disease four years ago. Citing a Muller family statement,
Speaker 1: the Times added that Muller, a former FBI director, has
Speaker 1: had difficulties speaking and experienced mobility issues. As a result.
Speaker 1: A congressional committee has withdrawn a request from mister Muller
Speaker 1: to give testimony this week and its inquiry into the
Speaker 1: government's handling of the Jeffrey Epstein investigations. Israel says it
Speaker 1: has eliminated Kihama spokesman Abu Obta in a Gaza City airstrike.
Speaker 1: Obeta had become the face of Hamas's armed wing, often
Speaker 1: appearing on television with his face covered by a kafia.
Speaker 1: Azrael has been attacking Gaza City, one of the last
Speaker 1: areas that is not under Israeli control. According to reports,
Speaker 1: without Obeta Hamas has only three senior figures left in
Speaker 1: the entire Gaza strip. We go to Business News next.
Speaker 1: Spirit Aviation Holdings has filed for bankruptcy for the second
Speaker 1: time in less than a year. That story from Bloomberg's
Speaker 1: Charlie Pellett.
Speaker 5: The filing comes after it failed to turn around business
Speaker 5: at its cash strapped airline. The carrier filed Chapter eleven Friday,
Speaker 5: listing assets and liabilities of between one and ten billion dollars.
Speaker 5: The filing comes amid active negotiations with some of its
Speaker 5: largest lessors, secured note holders, and key stakeholders. In a
Speaker 5: letter to customers, Spirits said the bankruptcy filing will not
Speaker 5: impact the airline's operations and will have no impact on
Speaker 5: tickets or its loyalty program. In New York, Charlie Pellett's
Speaker 5: Bloomberg radio.
Speaker 1: Drug maker Stata is close to being sold to London
Speaker 1: based bio firm cap Vest in a deal set to
Speaker 1: near twelve billion dollars. According to reports, the deal could
Speaker 1: be finalized as soon as Monday, if there aren't any
Speaker 1: last minute hiccups, such as Stata's owners opting to pursue
Speaker 1: an IPO rather than a sale, and that's news when
Speaker 1: you want it. With Bloomberg News Now, I'm Dan Schwartzman
Speaker 1: in This is Bloomberg