have you both. we will rock this hour. we begin at the u.s. supreme court where the justices right now hearing arguments into cases challenging president biden student loan and out program. in one of those cases, the coalition of six republican-led states is fighting to block biden plan to pass nearly half a trillion dollars of student loan debt onto the backs of taxpayers. many didn t have those loans because it s only 13% of the american spirit of the coalition calls it an executive branch overreach. and it is absent of clear congressional mandate. the white house as it is confident in its legal authority. but the outcome will determine how much power will be granted to the president of the united states moving forward. the wall street editorial particles at one of the most consequential separation of power cases in american history. i see you nodding. why? marc: the biden administration knows this is one, unpopular and unconstitutional. they will lose the case. the reaso
subject with great controversy, they would think that is something for congress to act on. if they haven t acted on it a good lesson to say to the president with the administrative bureaucracy, maybe that is not something to undertake on their own. emily: he went on to say, do you think congress shouldn t be surprised when half a trillion dollars gets wiped off of the books? you know who echoed that with liberal justice alejandro mayorkas. who asked the representative of the government, how do you expect to deal with this point of issue that the argument the administration is making that in the past, the supreme court has ruled automatically it means congress has to pay for it. and i think this is what alejandro mayorkas needs to understand thus far because of biden s decisions, we have forgiven $201 billion to the tune of $8,000 for every american household. to your point blue-collar americans that don t deserve to settle to the tune of $8,000
this crowd. they endured yet another torrential downpour overnight and some of the countries in the central and south america, including chile and columbia, have begun cracking down on human smuggling, but it s an uphill battle. back to you. think of the desperation it takes to attempt that journey. nbc s gabe gutierrez in columbia, thank you so much. mika? donald trump is no longer one of the 400 richest people in the country, for the first time in 25 years. the former president was left off the forbes 400 list of america s richest people. according to forbes, trump s net worth fell by about $600 million during the pandemic. it now stands at a reported $2.5 billion. jeff bezos topped the list for the fourth straight year with a net worth of $201 billion,
talk to me once you get it worked out. i wish you and your family well in getting reacquainted and giving her all the information about all the new things. put all the right privacy settings on her phone. oh, of course. of course. thank you. thank you so much for having us on your show. good luck. i don t get to say this much on tv, but good luck with the rest of your life. alice johnson an her daughter. thank you. coming up next, a sweeping but controversial overall for health care is coming for american s veterans. we re going to break down the new va mission act and tell you what it means for millions of americans. first, the tax cut tracker. we re seeing record breaking stock buybacks thanks to corporate tax cuts. more than $201 billion in stock buybacks and cash takeovers. apple made half of the total promising to buy $100 billion of
let s get a check on cnn money this morning. global stocks higher right now. the nasdaq had a great day. hit the second straight record high. the rally in tech pushed all of wall streethigher. corpe tax cuts fueled another buyback bonanza in may. look at this. american companies took their tax goodies and spent it on buying back their own stock, a record $201 billion buying back their stock. apple made up nearly half of that. last month apple pledged to spend $100 million on stock buybacks. for the first time this at least 20 years, there are more job openings now than there are workers to fill them. the labor department says the ratio of jobseekers to job openings dropped below one in april. that s the first time since it started keeping track in 2000. there are a whole bunch of jobs open today.