Good morning from the Financial Times. Today is Thursday, November 6th, and this is your FT News briefing.

The president of Argentina sat down with the FT after his big election victory, and then grab your gavel.

First, U.S. Supreme Court justices seemed skeptical of Trump's tariffs, and then creditors will be fighting for scraps at the contentious First Brand's bankruptcy proceedings.

It's very messy. It's very complicated. It's going to be an epic fight.

I'm Mark Filipino, and here's the news you need to start your day.

Javier Malay is blowing off investor calls to let the peso float freely.

The president of Argentina sat down with the F.T after his party's huge win in legislative elections, and Malay said he would keep the peso within gradually

widening bans against the U.S. dollar, at least until elections in late 2027. This is to temper

Argentina's chronic currency volatility. But critics say this has caused the peso to become overvalued.

The U.S. spent an estimated $2 billion propping up the currency last month.

Pressure on the exchange rate has eased since Malay's electoral victory. And in his interview

with the FTA, Malay said he would continue to deepen ties with President Donald Trump.

America's highest court heard arguments yesterday about the legality of President Trump's emergency tariffs.

We will hear argument this morning in case 24-1287, Learning Resources v. Trump, and the consolidated case.

And there was a lot of skepticism on the docket.

I just don't understand this argument.

It's not an article.

It's a congressional power, not a presidential power to tax.

And you want to say tariffs are not taxes, but that's exactly what they are.

That's Justice Sonia Sotomayor, one of the Supreme Court's nine justices. The FTs U.S. legal and enforcement correspondent Stefania Palma followed the proceedings and joins me now. Hi, Stefania. Hi. So these were just oral arguments, right? Like, we should mention that. And Sotomayor, who we just heard from, is one of three liberal justices on the nine justice bench. So it's probably no surprise that she was skeptical. How did the conservative

justices respond? I think that was sort of the most interesting part of the day and the one that's

kind of everyone was anxiously waiting for. We saw sort of a mixed bag from the conservative wing, which is very, very interesting.

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