Buzzberg Cup Live

High Court Backs Birthright Citizenship | Balance of Power 6/30/2026

Watch on YouTube ↗  |  June 30, 2026 at 19:27  |  47:57  |  Bloomberg Markets
Speakers
Michelle Brouhard — Head of Policy and Geopolitical Risk at Kpler
Tyler Kendall — Multimedia Editor, Bloomberg
Charlie Pellett — Anchor/Reporter, Bloomberg

Summary

The Supreme Court ends its term with rulings upholding birthright citizenship and striking down campaign finance coordination limits. Political analysts assess the impact on midterm elections. Former FTC Commissioner Rebecca Slaughter discusses the expansion of presidential removal power. Energy expert Michelle Brouhard explains why gasoline prices will stay elevated despite falling crude, amid US-Iran talks and Strait of Hormuz disruptions. Markets close the quarter with the best performance since 2020, led by semiconductors.

  • Supreme Court upholds birthright citizenship, rejecting Trump executive order.
  • Court overturns campaign finance coordination limits, boosting party spending power.
  • President Trump calls on Congress to legislate birthright citizenship restrictions.
  • Ruling in Slaughter case expands presidential power to fire independent agency heads.
  • US-Iran indirect nuclear talks resume in Doha with fragile Strait of Hormuz ceasefire.
  • Gasoline prices remain elevated due to refinery constraints, keeping pump prices above $3.
  • US equities end Q2 with best quarterly gain since 2020, led by semiconductor sector.
Ideas
Michelle Brouhard Head of Policy and Geopolitical Risk at Kpler 41:29
Gasoline prices remain elevated into November
Gasoline prices will remain elevated and are unlikely to fall to $2.50 per gallon by November because Middle East refinery capacity remains offline, product exports are constrained, gasoline cracks are at multi-year highs, demand stays robust, and the Strait of Hormuz disruption continues to limit product flows.
UGA MED
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This Bloomberg Markets video, published June 30, 2026, features Michelle Brouhard discussing UGA. 1 trade idea extracted by AI with direction and confidence scoring.

Speakers: Michelle Brouhard  · Tickers: UGA