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Bloomberg

Domicile Isn't a Real Argument For Citizenship Says Wydra

A divided US Supreme Court upheld the constitutional right of birthright citizenship, rejecting President Donald Trump's planned restrictions and invalidating a central plank of his immigration agenda. Justices Clarence Thomas, Samuel Alito and Neil Gorsuch dissented. "National citizenship was not an independent concept but simply derivative of state citizenship. "Every citizen of a state," it was often said, was "ipso facto a citizen of the United States." In these contexts, too, national citizenship required domicile because state citizenship required domicile." Justice Thomas wrote. Elizabeth Wydra, President of the Constitutional Accountability Center joined Balance of Power to discuss.

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Bloomberg

Saylor's Strategy May Sell Up to $1.25 Billion of Bitcoin

Bloomberg's Monique Mulima joins Isabelle Lee on "Bloomberg Crypto." Michael Saylor's Strategy unveiled a sweeping overhaul of the financing model underpinning its Bitcoin strategy, giving itself broader powers to sell the cryptocurrency, buy back securities and preserve liquidity as it adapts to mounting pressure on the structure that fueled years of aggressive accumulation.

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Bloomberg

Nike to Report With China, Tariff Refunds in Focus

Poonam Goyal of Bloomberg Intelligence joins Bloomberg's Paul Sweeney and Alexis Christoforous to preview Nike earnings. Nike investors will look for further signs of progress in the company's comeback effort as Chief Executive Officer Elliott Hill cements a leadership reset. Traders will also seek details about one-time tariff refunds and demand tied to the FIFA World Cup.

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Bloomberg

'Circumstances Don't Call for Rate Hikes Right Now' Says Win Thin

The yen's descent to a four-decade low is the talk of currency markets today, and the next big trigger for the selloff may be whether Federal Reserve Chair Kevin Warsh keeps up his hawkish tone at the Sintra policymaker forum. Win Thin, Chief Economist at Bank of Nassau, discusses the Yen, as well as his outlook on rates under new Fed Chair Kevin Warsh.

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