The Supreme Court on Monday jumped into the fight over transgender rights, agreeing to hear an appeal from the Biden administration seeking to block state bans on gender-affirming care. The justices’ action comes as Republican-led states have enacted a variety of restrictions on health care for transgender people, school sports participation, bathroom usage and drag shows. The case before the high court involves a law in Tennessee that restrict puberty blockers and hormone therapy for transgender minors.
A prominent journalist and author has quit the Labour party, saying it has “betrayed women” with its position on trans rights.
US equities (^GSPC, ^DJI, ^IXIC) are mixed on Monday morning as the market awaits consumer confidence, GDP, and initial jobless claims data. Personal Consumption Expenditures (PCE) data, the Federal Reserve's preferred measure of inflation, is also slated for release. Carnival Cruises (CCL), FedEx (FDX), Nike (NKE), Micron (MU), and Levi's (LEVI) will also report quarterly results this week. Yahoo Finance Anchors Brad Smith and Madison Mills explain what investors should watch for this week and how it may impact the broader market. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino