Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning.

Thanks so much for joining me on this Tuesday, January 13th. I'm Julie Morgan.

A major new tariff threat tied to Iran. A Fed official is signaling rates may stay right where they are, and a grocery giant is expanding

fast. President Trump said he is imposing a 25 percent tariff on goods from any country doing business

with Iran. He said in a post on Truth Social that effective immediately, any country doing business

with the Islamic Republic of

Iran will pay a tariff of 25% on any and all business being done with the United States of America.

The Post goes on to say that this order is final and conclusive.

Some of Iran's biggest trading partners include China, the UAE, India, and Turkey.

China is the top global importer of Iranian crude. In the meantime, the Supreme Court has yet to

rule on the legality of Trump's global tariffs. Should Scotus rule against the president,

it could disrupt his ability to abruptly

levy tariffs on countries trading with Iran. The next court opinion is on Wednesday, which is tomorrow.

We're taking a deeper dive into this topic in the Wall Street Breakfast newsletter. A link to sign up is in

the show notes section. We told you Monday here on Wall Street

Breakfast that the Fed's John Williams was set to speak at the Council on Foreign Relations

in New York City. During that presentation yesterday, he signaled that there is no rush for what

would be a fourth consecutive interest rate cut when the central bank meets again at the end of the month,

or in about two weeks.

William said by reducing the target range for the federal funds rate by a cumulative 75 basis

points last year, the FOMC has moved the modestly restrictive stance of monetary policy

closer to neutral.

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