Zaid Admani

We talked about Spotify, the future of podcasting, YouTube and Netflix.

It was a great conversation.

So I highly recommend checking that out.

Public.com presents The Rundown, your daily market update in under 10 minutes.

My name is Zaid Admani, and today is Friday, January 16th.

In today's episode, I'll tell you what I told the Wall Street Journal about Jerome Powell.

We'll also discuss the latest lawsuit that Eli Lilly and Nova Nordisk are facing regarding their GLP-1 dominance.

Then stick around to the end of the show to find out why it's not a great time to be a Wall Street banker despite record trading revenues.

We got a great show for you today.

Let's go.

After two straight days of losses, the markets were finally back in the green on Thursday.

The S&P 500 rose 0.3%, while the NASDAQ added roughly 0.2%.

The markets actually started out much stronger than that.

Both indices were up more than 1% at their high points yesterday before giving back some of those gains at the close.

The bigger story that investors are watching right now is the Supreme Court.

Supreme Court is expected to rule any day on the legality of Trump's tariffs.

Some of the tariffs that President Trump issued last year were under the International Emergency Economic Powers Act, which are meant to be used in times of emergencies.

There's been multiple lawsuits claiming the president overreached his presidential powers.

So now it's in the hands of the Supreme Court to decide.

If the court rules against these tariffs, it could require the federal government to refund some of the tariffs that were collected.