All right, guys, thanks so much. Welcome to closing bell. I'm Scott Walker live from Post 9. Right here at the New York Stock Exchange, this maker breakout begins with, of course, the markets. The reaction to the Supreme Court's historic rebuke of the Trump tariffs, we'll ask our experts, including the Wharton School's Jeremy Siegel, what it all means to your money. He will join me momentarily. We're excited about that. Here's a scorecard with 60 to go in regulation.

It's pretty clear from some of today's volatility that stocks aren't exactly certain what to make

of that tariff ruling. We did see initial pops and discretionary and industrial sectors. Both are

still in the green. We'll follow all of that. Nasdaq leading today. We'll look ahead to N to Nvidia's big earnings report next week. That's a critical moment. How about Corweave? It's a big loser today down 11% on a report regarding financing for one of its data centers. And Blue Owl is lower again. Private credit concerns are still reverberating through the market. Stocks down more than 4%. We begin, though,

with our talk of the tape. The Supreme Court's ruling today that President Trump's, the tariffs

are beyond his authority. The president issuing a rebuke of his own to that decision this afternoon.

Let's go right to Amon Javras with more. Hi, Amon.

Hey there, Scott. The $133 billion question now for the U.S. financial markets is whether or not the administration

is going to repay American companies the tariff funds that they paid to the government over the

course of the past year.

The big question, or the assumption, I should say, before this ruling was that if the ruling went against

the United States government, then the government would have to then repay all the tariff

funds that it collected under IEPA, about $133 billion. But the president today didn't commit

to that at all. Instead, he seemed to suggest a long fight over that money in which the government

would try to hold onto it because he said the Supreme Court didn't authorize the repayment

one way or the other. So here's the exchange in the briefing room when he was asked about

this very question. Take a listen.

Are you saying that you don't plan to honor refunds for companies that

file for them? I just told you the answer, right? I told you the answer. It's not discussed. We'll end up being in court for the next five years.

So the president there saying we'll be in court for about five years. We'll see what that means for

companies that are expecting that they

will get their tariff money refunded to them. Meanwhile, we're getting a little bit of additional

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