Cook Stays, Trump Gains Power | Balance of Power 6/29/2026

Summary

This political episode covers Supreme Court rulings that allow Fed Governor Lisa Cook to stay in her job while expanding the president's power to fire other agency heads. The panel discusses the implications for Fed independence and the rise of populism. Markets rally with the S&P 500 on track for its best quarter in six years, while news on Comcast, Rocket Lab/Iridium, and housing legislation also feature.

• Supreme Court rules Lisa Cook can stay at the Fed, but expands presidential firing power for other agencies
• Chief Justice Roberts stated monetary policy should not be subject to political interference
• Markets rally: S&P 500 halts losing streak, Dow at record, tech surges
• Comcast plans to spin off NBCUniversal and Sky; shares jump
• Rocket Lab agrees to buy Iridium Communications; both stocks rise
• Bipartisan housing bill returns to White House, likely to be signed
• Congresswoman proposes capital gains tax relief for seniors to unlock housing supply
• Iran peace talks briefing set for all members of Congress