The Supreme Court Limits Judges’ Power Against Trump’s Executive Orders

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• 00:03

  The U.S. has terminated trade talks with Canada.

• 00:06

  Plus,

• 00:07

  the Supreme Court hands down a victory for President Trump in his battles with the judiciary.

• 00:12

  They said that universal injunctions are probably beyond the scope of district judges.

• 00:18

  They didn't say never, ever, ever, but they said that at least almost never.

• 00:24

  And they said that you could use a class action.

• 00:26

  It is harder, but it doesn't make it impossible.

• 00:29

  And U.S. truck operators had hopes for a recovery this year,

• 00:33

  until the trade war dashed them.

• 00:35

  It's Friday, June 27th.

• 00:37

  I'm Alex Osilla for The Wall Street Journal.

• 00:40

  This is the PM edition of What's News,

• 00:42

  the top headlines and business stories that move the world today.

• 00:48

  We begin this evening with markets.

• 00:50

  They hit new highs this morning, fueled by optimism over trade and budget developments.

• 00:55

  In the afternoon,

• 00:57

  stocks pulled back after President Trump said the US was ending trade talks with Canada over tariffs on dairy products and what he called an egregious digital services tax on US tech companies.

• 01:08

  Trump's decision is the latest blow to an already strained relationship between the US and its second-largest trading partner after Mexico.

• 01:15

  The day had started off with exuberance.

• 01:18

  The S&P 500 touched its first new high since February,

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