On Wednesday's Market Foolery, host Chris Hill and Motley Fool Funds analyst Bill Barker discuss the latest rulings in streaming television.

The U.S. Supreme court has ruled that Aereo's streaming of television violates copyright laws. Aereo captures the over-the-air signals of network broadcasters and streams them to customers via their computers, smartphones or devices such as Apple TV or Roku. Chris asks Bill if the ruling was a surprise, because he thinks that the broadcasters have a good case on their hands. Bill explains that, as a lawyer, he thinks that copyright laws would apply. CBS (NYSE:CBS), Disney (NYSE:DIS), Time Warner (UNKNOWN:TWC.DL), and Comcast (NASDAQ:CMCSA) stocks were up after the ruling came down.