Karen Moscow

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I'm Karen Moscow.

We begin with the powerful snowstorm that's pounding the northeast and Bloomberg meteorologist Rob Carolyn is tracking it.

Rob, what's the latest?

All right, Rob, thank you.

Well, the storm is already having a major impact in New York City and in the skies across the East Coast.

And Bloomberg's John Tucker joins us with that angle.

John.

All right, John, thank you.

Well, we turn to news out of Washington now, where President Trump's trade policy has been upended by the Supreme Court.

The White House is telling global partners to stick to their trade deals struck in recent months, despite the Supreme Court ruling.

Treasury Secretary Scott Besson said the president will be able to keep revenues flowing through a 15 percent global tariff under Section 122 of the Trade Act.

Treasury Secretary Besant was on Fox Sunday Morning Future.

Section 122 allows presidents to impose tariffs for up to 150 days to address, quote, large and serious U.S.

balance of payments deficits.

Many economists say the U.S.

does not face that issue.

Europe is also weighing in on the tariff ruling.