Intro

The Trump administration says it’ll start issuing refunds for tariffs the Supreme Court ruled were collected illegally next week. Customs and Border Protection's automated system will be able to process about 82% of the tariff payments, worth about $127 billion. More complicated claims will have to wait. Then, we'll discuss what the closure of the Strait of Hormuz means for U.S. oil producers. Plus, could a United Airlines-American Airlines merger be in the cards?