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A
This episode is brought to you by Lifelock. It's Cybersecurity Awareness Month and Lifelock has tips to protect your identity. Use strong passwords, set up multi factor authentication, report phishing and update the software on your devices. And for comprehensive identity protection, let Lifelock alert you to suspicious uses of your personal information. Lifelock also fixes identity theft, guaranteed or your money back. Stay smart, safe and protected with a 30 day free trial@lifelock.com Podcast terms apply.
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B
Morning Zoe. Got donuts.
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C
Jeff Bridges why are you still living above our garage?
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B
Well, I dig the mattress and I want to be in a T Mobile commercial like you teach me so Dana.
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C
Oh no, I'm not really prepared. I couldn't possibly at t mobile get the new iPhone 17 Pro on them. It's designed to be the most powerful iPhone yet and has the ultimate Pro camera system.
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B
Wow, impressive. Let me try. T Mobile is the best place to get iPhone 17 Pro because they've got the best.
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C
Nice Jeffrey, you heard them.
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B
T Mobile is the best place to.
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Get the new iPhone 17 Pro on us with eligible traded in any condition.
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B
So what are we having for lunch?
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C
Dude, my work here is done.
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A
The 24 month bill credit is on Experience beyond for well qualified customers plus tax and $35 device connection charge. Credits ended balance due to payoff earlier Cancel Finance agreement. IPhone 17 Pro 256 gigs 1099.99 and new line minimum 100 plus a month plan with auto pay plus taxes and fees required. Best mobile network in the US based on analysis by Ooklab Speed Test Intelligence data 1H 2025 visit t mobile.com AI.
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Agents are everywhere, automating tasks and making decisions at machine speed. But agents make mistakes.
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Just one rogue agent can do big damage before you even notice.
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Rubrik Agent Cloud is the only platform that helps you monitor agents, set guardrails and rewind mistakes so you can unleash agents, not risk.
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H
Accelerate your AI transformation@rubrik.com that's R U B R-I K.com AI agents are everywhere.
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E
Automating tasks and making decisions at machine speed. But agents make mistakes.
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Just one rogue agent can do big damage before you even notice.
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Rubrik Agent Cloud is the only platform that helps you monitor agents, set guardrails and rewind mistakes so you can unleash agents, not risk.
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H
Accelerate your AI transformation@rubrik.com that's R U B R-I K.com AI agents are everywhere.
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Automating tasks and making decisions at machine speed. But agents make mistakes.
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Just one Rogue agent can do big damage before you even notice.
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Rubrik Agent Cloud is the only platform that helps you monitor agents, set guardrails and rewind mistakes so you can unleash agents, not risk.
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Accelerate your AI transformation@rubrik.com that's R u b r-I k.com Rupert Murdoch and the.
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D
Wall Street Journal just sent a direct message to the United States Supreme Court and told them to take away Donald Trump's tariff powers because he doesn't have the power under the statute and he's using it to retaliate against perceived slights and enemies like Canada. Donald Trump got trolled by Ontario's Doug Ford with Reagan's own words about why tariffs are terrible and unpatriotic. And he fired back and used his tariff power, which he doesn't really have, to impose a 10% addition punitive punishment on Canada. The Wall Street Journal saw that and said the Reagan speech was right. You shouldn't use tariffs. Reagan was a free trader. And you're using the tariff power that you don't have to punish your perceived political enemies. We've seen that already. Donald Trump has used it to punish Brazil, to punish Canada, to reward Argentina. And that's the reason the power of the tariff has to remain with Congress and under the Constitution and not with the president. But I love the fact that Rupert Murdoch is trolling Donald Trump over being trolled by Ronald Reagan, by Canada. Let's cover it all right here on the Midas Touch Network and on Legal af. You may have heard that Doug Ford over in Ontario decided to run an ad, spend $75 million or so with an ad buy to run Ronald Reagan's famous speech from 1990, 1987, in which he, a classic free trader against tariffs, was telling the American people why tariffs are generally bad. But in the case of Japan at the time in the semiconductor chip market, he was proposing a tariff, explaining why in those unique circumstances, he had abandoned his free trade ideals. But it was only for a limited purpose and limited time and otherwise he was a free trader. Well, Doug Ford wanted the American people, especially over the World Series weekend, to hear from Ronald Reagan. And when we have a November 5th oral argument for the United States Supreme Court. Now, Donald Trump has told the American people, but let me show you a clip of that, of that ad and Doug Ford talking about it. Let's play the clip.
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When someone says let's impose tariffs on foreign imports, it looks like they're doing the patriotic thing by protecting American products and jobs. And sometimes for a short while it works, but only for a short time. But over the long run, such trade barriers hurt every American worker and consumer. High tariffs inevitably lead to retaliation by foreign countries and the triggering of fierce trade wars. Then the worst happens. Markets shrink and collapse, businesses and industries shut down and millions of people lose their jobs. Throughout the world, there's a growing realization that the way to prosperity for all nations is rejecting protectionist legislation and promoting fair and free competition. America's jobs and growth are at stake.
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J
I heard that the President heard our ad. I'm sure he wasn't too happy, but it's real because it was coming from the best president the country's ever seen, Ronald Reagan. So it, it is, it's, it's very effective. It's probably one of the best ads I've ever seen and it's coming from Ronald Reagan's voice and it's going to be focused on right across the country, but also in Republican held areas because what I feel the Reagan Republicans are going to be fighting with a MAGA group. And let's hope Reagan Republicans win.
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D
Okay, down below, I'll give you the Reagan foundation full speech. If you think it was taken out of context. I don't see what context it was taken out of, but in any event, Donald Trump comes back and says I have a power 10% penalty on Canada for running that ad. Here's what the Wall Street Journal had to say about all of that in their new editorial board posting against Donald Trump, and particularly a message to the United States Supreme Court. The Supreme Court isn't likely to be influenced by anything other than the law, says the Wall street journal. But Mr. Trump's Canada eruption is a good argument for the justices to rein in his tariff power, which he doesn't have. The president gets angry at a TV ad and imposes on a whim, a 10% tax on Americans, on Americans who buy goods from their northern neighbor. Like when we say it's a tax on Canada, it's not a tax on Canada, it's a tax on Americans. It'll end up in their, their grocery list, their grocery bill and the rest. Mr. Trump claims he's not a king, but on tariffs, he's acting like one. The Wall Street Journal continues. And without a proper delegation from Congress, as the Constitution requires, It's striking that Mr. Trump is so worried about a TV spot featuring a president who left the White House nearly 37 years ago. Don't you know what time it is? As your apologists like to say, Mr. President, there's the trolling Trump is wrong when he said on social media, the Wall Street Journal continues, that Ronald Reagan loved tariffs for purposes of national security and the economy. The Gipper, the nickname for Ronald Reagan, was a free trader. In the 1987 speech, Reagan was trying to explain why he was making an exception to his free trade policies on semiconductor imports from Japan. We remember the speech well and its purpose was to head off a protectionist surge to in Congress. The Gipper delivered it as a fear of Japanese economic dominance was reaching its political peak. That could not, as the Wall Street Journal said, couldn't be more different than Mr. Trump, who wants tariffs as a policy rule, not the exemption. Reagan knew that tariffs are taxes while Mr. Trump pretends they are paid by foreigners. Reagan knew protectionist barriers over time breed complacency and lack of innovation. You know what they say, first impressions matter. Whether I'm in court, on camera, or just heading out to meet friends, looking sharp isn't optional, it's essential. And staying well groomed, that takes tools you can trust. For me, that's Harry's. I've been using Harry's for a while now, whether to clean up around my beard or when I'm clean shaven and I'm hooked. The trial set I got came with a sleek one weighted handle that feels like it belongs in a high end barbershop, a five blade razor, their signature foaming shave gel and a travel cover. All delivered straight to my door. The packaging is clean and modern and yeah, it looks pretty good sitting on my bathroom counter. I keep a short beard and I like a clean shave on the neck and cheeks. Harry's gives me a close smooth result around my beard or when I shave it all off every time without the irritation and the shave gel rich lather fresh scent. Honestly, it's a game changer. Here's the best part. You get top quality German engineered blades, customizable refills for as low as 2 bucks and that $10 trial set. Right now it's just 6 bucks. Show everyone you mean business. Get Harry's. Normally their trial set is $10, but right now you can get it for just $6 at harry's.com legalaf that's our exclusive link. Harry's.com legal af for a $6 trial set. Now let's look at how Donald Trump has used the power. The power that's up at the oral argument for the United States Supreme Court is a unique power under a statute called the International Economic Emergencies Power Act, I. E. A delegation from Congress to the President under Economic emergencies to take certain actions. Nowhere in the body of that statute is the T word tariffs. Never. It's been used like for Reagan to do an emergency tariff against a semiconductor chip war being led by Japan. But that was for a very short time. It was affirmed by the United States Supreme Court because it was seen as inappropriate. It was called a tariff, but it was seen as a fine or a punishment. And in that circumstance, not 130 country tariff list and Donald Trump says it's an emergency. What was the emergency in order to trigger IPA in Japan? The emergency was they were swamping the chip market with cheap chips and putting our. Our national security and computers at the time, back in 1987. National security is being undermined. We didn't have the chip companies we have now. Intel was present, was having problems battling it out with the Japanese. So Ronald Reagan stepped in. That's a real emergency. What's Donald Trump's emergency? To impose a wholesale tariffs on every country in the world. We have a trade imbalance. A trade imbalance. First of all, he doesn't understand the word imbalance. When you add in goods and services, many of these countries. There was no trade imbalance. He meant a goods trade imbalance. And that's not an emergency. That's been a creeping problem for the last three administrations. No emergency. No emergency powers. Get it? And then he just. And then undermining his argument. Look what he's doing in places like Brazil, the 50% tariff on Brazilians or on Americans and Brazilians by extension because they are. They have prosecuted and are sentencing their Trump Bolsonaro for trying to overcome or overturn the will of the people and stop the peaceful transfer in Brazil. What does it have to do with an emergency? He likes Bolsonaro. Okay, what is any of what Donald Trump is doing? Where's the $40 billion bailout of Argentina? Argentina to make sure that Miley gets reelected. What happened to America first? Where is America first? As we spend trillions of dollars to destabilize Venezuela that we're apparently now at war with. So all of this is what the Wall Street Journal is telling at a very critical moment here as we approach the November 5th oral argument at the United States Supreme Court. Take away a power that he never should have been given, that he took for himself a power to tariff which is reserved in Congress under the Constitution. That's not a. That's not an executive power. Look, the Supreme Court has given the president enough executive power far beyond what any Supreme Court has ever given the article to powers of a president. But you can't even. I mean, I know he's accountable, but you can't have him keep eating the Constitution. Oh, let me go over to Article 1, the power of Congress. I like that too. Let me take that for me. Let me take Article three, the power of this, of the judiciary. He's already undermining the rule of law and Article 3. But by the way, he attacks judges, by the way, he's captured the Department of Justice and he's destabilized Congress. Has anybody noticed Congress is not even open for business right now? They've gone from doormat to gone fishing. Any wonder why the American people believe that Congress favorability rating is 15% MAGA? Congress's rating right now is 15 15%. Supreme Court is right behind him. So we'll continue to follow how huge segments of the financial community, the Wall street community, are attacking Donald Trump and begging the Supreme Court to take away his power and the trillion dollars they'll have to return. The trillions of dollars of tariffs that have been paid by American importers will have to all be returned. That's the way it's going to go. I'm glad you're here on the Midas Dutch network. Hit the Free subscribe button. Come over to Legal AF YouTube. Do the exact same thing. Now is the time to defend your First Amendment right, our First Amendment right. Together, we'll do our part with rigor and vigor, without blowing smoke or sunshine. But we need your support. Legal AF Substack. Hit the Free subscribe button. And if you can swing seven bucks a month, we'll overwhelm you with quality law and politics content. Over on the Legal AF substack. So until my next report, I'm Michael Popak. Can't get your fill of Legal af. Me neither. That's why we formed the Legal AF substack. Every time we mention something in a hot take, whether it's a court filing or a oral argument, come over to the substack. You'll find the court filing and the oral argument there, including a daily roundup that I do called Wait for it Morning af. What else? All the other contributors from Legal AOF are there as well. We got some new reporting, we got interviews, we got ad free versions of the podcast and hot takes where Legal AF on Substack. Come over now to Free Subscribe.
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AI agents are everywhere, automating tasks and making decisions at machine speed. But agents make mistakes.
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F
Just one rogue agent can do big damage before you even notice.
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Rubrik Agent Cloud is the only platform that helps you monitor agents, set guardrails and rewind mistakes so you can unleash agents, not risk.
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Accelerate your AI transformation@rubrik.com that's R U V R I K.com AI agents are.
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Everywhere, automating tasks and making decisions at machine speed. But agents make mistakes.
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Just one rogue agent can do big damage before you even notice.
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G
Rubrik Agent Cloud is the only platform that helps you monitor agents, set guardrails and rewind mistakes so you can unleash agents, not risk.
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H
Accelerate your AI transformation@rubrik.com that's R U B R I K.com AI agents are.
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E
Everywhere, automating tasks and making decisions at machine speed. But agents make mistakes.
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F
Just one rogue agent can do big damage before you even notice.
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G
Rubrik Agent Cloud is the only platform that helps you monitor agents, set guardrails and rewind mistakes so you can unleash agents, not risk.
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H
Accelerate your AI transformation@rubrik.com that's R U B R I K.com AI agents are.
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Everywhere, automating tasks and making decisions at machine speed, but agents make mistakes.
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Just one rogue agent can do big damage before you even notice.
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G
Rubrik Agent Cloud is the only platform that helps you monitor agents, set guardrails and rewind mistakes so you can unleash agents, not risk.
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H
Accelerate your AI transformation@rubrik.com that's R U B R-I K.com AI agents are everywhere.
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Automating tasks and making decisions at machine speed, but agents make mistakes.
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F
Just one road rogue agent can do big damage before you even notice.
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G
Rubrik Agent Cloud is the only platform that helps you monitor agents, set guardrails and rewind mistakes so you can unleash agents, not risk.
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H
Accelerate your AI transformation@rubrik.com that's R U B R-I K.com.