The market climbed Friday, ending a short week with a deluge of news that may shake the entire world.

The Supreme Court decided the Trump Admin could not raise one cent using IEEPA tariffs, and the Fed may have to refund hundreds of billions of what has sort of turned out to be consumption taxes on the U.S.

Have no fear hardliners, the President said the SCOTUS may be compromised by foreign powers, and said he would sign in new tariffs using new, razor-thin avanues availible in executive branch legal precedent. Woah boy.

The decision is headed to Uncle Sam, but no word on how or when the tariffs may be refunded.

On top of that, the GDP data showed a rapid fall in economic growth in the fourth quarter last year, from a rapid 4.4% in Q3, to just 1.4%. The data from Q3 is actually still delayed because of the shutdown.

AND the PCE showed a remarkable climb to 2.9%. For all the talk of inflation is low and cutting rates, the metric was the highest in three years, and since May of 2025 has been steadily climbing. Weird.

Outside that mess, Anthropic dropped fresh updates to Claude Code, that sent AI security Crowdstrike falling with the AI fear.

In the Stocktwits verse, Michele Steele welcomed Opendoor CEO Kaz Nejatian, who talked about earnings and tariffs and secret new products— check it out below.

The U.S. Suprme court struck down tariffs. Consumer discretionary stocks, like LULU lemon and Nike shot upwards, and the market followed right after the highest court in the land voted 6-3 that the way the Trump admin was issuing tariffs is unconstitutional. 

Right after 10 am EST, the Chief Justice wrote the President cannot impose tariffs under IEEPA, the International Emergency Powers Act signed into law under Carter. 

The Trump admin had imposed record tariffs under the law, every single country in the world was looking at at least 10% tariffs on their goods under the concept of emergency, according to the Tax Policy Center.

The decision to halt them puts anywhere from $100B-$175B in already collected tariffs, according to Penn-Wharton Budget Economists. Importers are going to scramble for refunds. The gov pulled in $500M daily under this act. Treasury Secretary Scott Bessent said the Treasury can easily make this back, well duh they print money. 

Well the court said it was illegal, but they did not say how Uncle Sam will refund the money- that goes to the Treasury and Trade departments, and it all might come back to the SCOTUS.

The news follows reports this week that the U.S. trade deficit grew in 2025, despite the massive tariffs. It was one of the largest full-year deficits since 1960, according to the Commerce Department.

On top of that a bombshell report from the Federal Reserve Bank of New York found this week that American businesses and consumers paid nearly 90% of the costs from the 2025 tariff wave. The U.S. footed the $264 billion bill in total tariff revenue.

Now fast forward to Friday. Chief Justice Roberts wrote that they can’t use the IEEPA language to keep doing this.

"Based on two words separated by 16 others in ... IEEPA," Roberts writes, " 'regulate' and 'importation'--the President asserts the independent power to impose tariffs on imports from any country, of any product, at any rate, for any amount of time. Those words cannot bear such weight."

President Trump immdeiently called the decision a disgrace, and took to the press room to announce brand new tariffs on the entire world. He said the justices were compromised by foreign interests, including the justices that he appointed.

Have no fear, there are other options to implement tariffs, but they are limited. Trump said today he was signing a new order to use is Section 122, which gives 150 days of tariffs up to 15% on the legal justification that there are ‘large and serious’ issues with the U.S. dollar. 

If that does not work, or he requires congressional approval, there are other options. The White House could use Section 232, section 301, which are national security tariff restrictions that have been used in the past on commodities like steel. These are the preferred tariff options now, but they take longer to impose, possibly up to 12 months. 

This changes the political midterm landscape which is more like nine months away, but more importantly the international trade situation and importers in the US.

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Opendoor CEO Kaz Nejatian joins Stocktv to talk Opendoor’s monster Q4, and answer retail questions. He announced a brand-new Opendoor mortgage beta running internally at the firm, with a launch date TBD. 👀

Nejatian breaks down what actually changed inside the business, why Q1 revenue can drop even as the company gets structurally healthier, and the single metric he says investors should model: contribution margin per cohort.

Kaz explains Opendoor’s cohort-based business model (buy homes, renovate, resell), why most Q4 sales came from inventory acquired before he arrived, and how a massive acceleration in acquisitions takes time to flow into revenue.

He also shares surprising details on how AI is transforming execution speed at the company — including a mind-blowing stat on how much code was produced in eight weeks — plus commentary on profitability targets.

Don’t miss a story! Follow @StocktwitsNews for a live feed in real time. ✍️ 

The cybersecurity sector experienced a sharp "mini-flash crash" Friday after Anthropic unveiled a new Claude AI tool capable of scanning and patching code vulnerabilities. Investors fled legacy security names on fears that AI-native automation will make old software obsolete.

Panic selling swept through the industry as Crowdstrike $CRWD tumbled 7.9%, Cloudflare $NET slumped over 8%, and Okta $OKTA declined as much as 9.6%. The Global X Cybersecurity ETF $BUG extended its year-to-date losses to 15.6%, reflecting a broader rotation out of specialized software as the iShares Expanded Tech-Software Sector ETF $IGV tracks toward its worst quarter since 2008.

The catalyst is Anthropic’s new limited research preview tool, which automates the identification of security flaws and suggests targeted software patches for human review. This "vibe coding" evolution allows users to essentially generate their own security fixes, leading to institutional anxiety that AI providers like Alphabet and OpenAI will increasingly compete for incremental cyber budget dollars previously reserved for pure-play vendors.

The outlook remains clouded by "headline headwinds" as the market labels legacy software as potential AI losers during this transition. While analysts suggest cybersecurity could eventually be a net winner as AI infrastructure requires protection, today it looks like the old names lost.

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🤑 Trump announces new 10% global tariff after raging over Supreme Court loss

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💰 Dollar Trims Weekly Advance as New Tariff Plan Clouds Outlook

📺 Trump has other tariff options after Supreme Court strikes down his worldwide import taxes

👀 Tracking the rapid US military build-up near Iran

*3rd Party Ad. Not an offer or recommendation by Stocktwits. See disclosure here.

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