Photo taken on March 12, 2020 shows the U.S. Supreme Court in Washington DC, (Xinhua/Ting Shen via Getty Images)
By Mark Sherman
The Supreme Court announced Monday that it is postponing arguments for late March and early April because of the coronavirus, including fights over subpoenas for President Donald Trump’s financial records.
Other business will go on as planned, including the justices' private conference on Friday and the release of orders in a week's time. Some justices may participate by telephone, the court said in a statement.
Six of the nine justices are 65 and older, at higher risk of getting very sick from the illness, according to the Centers for Disease Control and Prevention. Justices Ruth Bader Ginsburg, 87, and Stephen Breyer, 81, are the oldest members of the court.
There is no new date set for the postponed arguments. the building has been closed to the public since last week.
The only other time the 85-year-old court building was closed for arguments was in October 2001, when anthrax was detected in the court mailroom. That led the justices to hold arguments in the federal courthouse about a half mile from the Supreme Court,
Within a week and after a thorough cleaning, the court reopened.
In 1918, when the court still met inside the Capitol, arguments were postponed for a month because of the flu pandemic. In the nation's early years, in August 1793 and August 1798, adjustments were made because of yellow fever outbreaks, the court said.
The European Union is historically divided and slow when it comes to decision-making, but in the recent weeks, the 27 members have agreed upon several sanctions and decisions regarding foreign policy and defense. The EU has cut off Russian banks from the swift payment system, blocked Russian propaganda channels, and closed European skies for air travel to and from Russia. Germany, for example, who has refused to send any deadly weapons to conflict zones, has now agreed to send lethal weapons to Ukraine. Rupert Steiner, London Bureau Chief at Barron's, joins cheddar news to discuss.
Sam Stovall, Chief Investment Strategist at CFRA Research, joins Cheddar News' Closing Bell where he dives into the factors contributing to Monday's market plunge and what could be in store when February's CPI data comes out on Tuesday.
Derek Shearer, former U.S. Ambassador to Finland and contributing writer for Washington Monthly, joins Cheddar News to discuss the latest developments in the Russia-Ukraine conflict.
Americans continue to feel the pain at the pump as a result of Russia’s invasion of Ukraine. Patrick DeHaan, head of petroleum analysis at GasBuddy, joined Cheddar News to discuss how prices are being affected by the war and how much worse it could potentially get for drivers. "It's obviously a fluid situation. In one field today, I might feel differently in a half hour. But for now, I think we could see the national average realistically go somewhere into the mid $4 range, maybe $4.40 to $4.65 based on what we're seeing," he said.
Russia’s invasion of Ukraine has entered its 12th day following what Ukrainian authorities described as increased shelling of encircled cities and another failed attempt to evacuate civilians from the port city of Mariupol.
Gasoline prices are pushing even farther above $4 a gallon, the highest price that American motorists have faced since July 2008, as calls grow to ban imports of Russian oil.
Jay Hatfield, Chief Investment Officer at ICAP, believes a lot of the bad news regarding the fighting in Ukraine and Fed is already priced into the market and looming uncertainty factored into Friday's movement. However, he also believes the upcoming Fed decision will be good news for Wall Street.
News of Russian forces taking control of a Ukrainian after artillery bombardment of a nuclear power plant raised concerns this week. Nuclear policy expert and Quincy Institute Distinguished Fellow Joe Cirincione joined Cheddar News to discuss the implications for a potential disaster. “I’m with the director general of the IAEA, the International Atomic Energy Agency. He says that he is extremely concerned, and that this Russian attack is a severe risk and that Russia clearly violated the fundamental principle of preserving the integrity of nuclear power plants," Cirincione said.
