the point is, doug ford is forcing me to learn about bobsledding and i do not appreciate that. can make an analogy that's a little less confusing? donna reardon, the mayor of saint john in new brunswick, maybe you have a good analogy? >> i mean, we've been in this comfortable relationship with our american cousins, and now we're being attacked, so you know, we're breaking up with the u.s. and it's time to move on. >> michael: yeah, we're cousins but we're breaking up? this analogy's even worse than the bobsled! you can't break up with your cousin. sure, you can both go off and get married, start your own families, try to convince yourselves you've moved on. but she's still there at thanksgiving every year. and yeah, she brings her new husband, and she laughs at his jokes, but deep down you can see in her pale blue eyes that she's sad. and i'm sad, too, stephanie. and i know she can see it in my eyes, which are the same color as hers, because we're related. and that's why we can't be together... what was i talking about? oh, that's right, the trade war that we've launched for no

doug ford, the premier of ontario in canada. premier, thank you so much for being with us. okay. what are your plans and how far are you willing to take it? >> well. >> well, first of all, i have to tell you, canadians love americans. we love the u.s. it's one person that's causing these problems. i've talked to senators and congress, people and governors, republicans and democrats. not one of them agree with them. i've talked to business ceos of the largest companies. they totally disagree with us. and president trump ran on a mandate to lower cost to create more jobs. this is going to do exactly the opposite. the auto sector, we buy over 400% more autos than mexico, 200% more than anywhere in the in the world. and you know, he put up a smoke screen. he keeps moving the goalposts while the market is speaking loud and clear. the market is going to go downhill faster than the american bobsled team. and we're going to continue seeing in the u.s. plants closing assembly lines shut down the in the auto sector. they may last five, maybe eight, eight days before the parts that go back

joining us first tonight is ontario canada premier doug ford. mr. premier, thanks for the time. said there and where you stand tonight with this tariff back and forth. >> well, let's just set the record straight. you take our 4.3 million barrels we ship down every single day take that off the balance sheet you need, you wouldn't be able to survive about it. you have a $56 billion surplus so. you know, on manufacturing and services. i do not understand what he wants to attack his closest friend and his ally. he should be focusing on china. he should be focusing on china with the autos that are coming in that don't comply with the usmca. we are closest allies and friends. we are your largest customer in the world. we want to build the am can fortress. that's the best thing to do, as is he focusing on his friends, china is just moving up every single day it's unacceptable. >> mayor ford you threatened to hold back electricity to some northern states. is that a threat that stands tonight? >> it will stand tonight if it continues on these tariffs. we have no choice. i apologize to th

sources familiar with lutnick's call with the premier of ontario, doug ford, describe it as aggressive tough. lutnick told ford to stand down. not only did ford refuse, he said if anything, his province would go harder. >> to president trump, don't force our hand. you underestimate canadians you're making a massive mistake. >> reporter: yesterday president trump had a call with the big three u.s. automakers -- ford, stellantis, and gm -- who have been pressuring him for a carve-out for vehicles built in canada and mexico. this morning, lutnick said trump was considering walking back tariffs on some sectors. by this afternoon, the white house announced a one-month exemption for cars and trucks. still, the white house press secretary says trump is all in on his tariffs plan despite the risk of rising prices. why should americans be okay with that, when so many are already struggling to pay the bills? >> the american people elected this president to have monumental reform and change including rebuilding our manufacturing base in this country, standing up to foreign nations who have been r

joining me now is ontario premier doug ford. sir appreciate your time. your reaction i guess to start with this 30 day reprieve on auto tariffs that are compliant with that trade deal that we were just hearing about the usmca. >> well, first of all, thanks for having me on, phil. and i just want to emphasize that canadians love americans. they love the u.s. there's one person that's causing this problem, and that's president trump. you know, all this gives us is uncertainty again. and in the u.s., the american workers, the hard working people on the assembly lines, if this proceeds on april the 2nd, i'll guarantee you assembly lines will shut down on both sides of the border, costing american workers and canadian workers their job manufacturing facilities will shut down, inflation will happen, and gas prices are going to go up. and that's opposite of what president trump has a mandate. he said he was going to create more jobs, lower inflation. while he never thought this out properly or his team didn't, because as far as i'm concerned, the tariffs are st

isolated on the world stage, is where we start today with the aforementioned premier of ontario, doug ford. premier ford, thank you for being here. i saw those remarks. i read the coverage of it. just tell us again how, first of all, back up and tell us how trump's moves impact impact your constituents and impact us here at home. >> sure. well, first. >> of all. >> thanks for having me on, nicole. and i have to tell you, canada loves the us. they love the american people. there's one person that's created this chaos. >> and. >> that's president trump. you know, president trump had a mandate to come in and cut costs and create more jobs. that's a total opposite. manufacturing plants will close. assembly lines will shut down in the auto sector within the next week. unemployment will go up and inflation will go up. cost of gas will go up. and this is the last thing we want to do. we are your number one customer in the world. the canada, we buy more products than anyone. we buy 400% more vehicles than mexico, 200% more than any jurisdiction in the world. and by the way, you know, you take the

charles: so the tariff dust with canada, doug ford has come out guns blazing.ened to cut three american states, the energy off to three american states, impose a 25% surcharge, talking new york, michigan, and minnesota. he gave an interview today that he would like it to be his last resort but threatened when he says he's going to do something he's going to do something i'm a little offended by the threat to be honest but i'm also concerned anyone could threaten america. that they can cutoff our energy source. again getting back to this notion that we should be exporting energy. not even having to import it from anyone. >> yeah, guns blazing threats to america. that's just never a good strategy, and certainly won't be productive here. canada has been long time allies and energy partners with us but we've got a drug crisis on the border and we've got legitimate concerns about fair trade, but i think constructive heads will work into these issues and i think there is solutions going forward that make sense, but guns blazing and threatening to cutoff energy to the

of ontario, doug ford, who i wrote, could be played by.alks about. >> how. >> ontario alone. >> is like the biggest trading partner for like a dozen states in the us. so they want to. know that this. >> is a matter. >> of a friendship, but also be. >> business. >> willie. >> that you. >> guys sell us goods. we sell you goods. why would you want to screw that up? >> why would you want to screw that up? and yet you also hear from that same minister that you're talking about, that he talks to republicans and republicans say, yeah, i'm with you. this isn't a good idea. there's plenty of governors who look at the way that their states do business, who say, i'm with you, too. this doesn't work for my bottom line. >> yeah. >> and in fact. >> it's. >> pretty easy to find senators, governors. >> of. >> both parties who are deeply. uneasy about the idea of a trade war with canada, in part because of the retaliatory tariffs. let's take, for example, andy beshear, the governor of kentucky. mitch mcconnell, rand paul, the two senators, they're deeply c

i want you to listen now to doug ford, the head of ontario, canada's largest province. listen. >> we keep the lights on at 1.5 million homes and manufacturing in new york, in michigan and in minnesota. if he wants to destroy our economy and our families, i will shut down the electricity going down to the u.s. and i'm telling you, we will do it. >> so i think, as you heard there, canada is up for this fight. and let's make no mistake, john, this is going to hurt the canadian economy much more than it would ever hurt the american economy. but consumers should be braced in the united states as well. we do have a statement from justin trudeau that he released last night saying our tariffs will remain in place until the u.s. trade action is withdrawn. and should u.s. tariffs not cease. we are in active and ongoing discussions with provinces and territories to pursue several non-tariff measures. now, john, i want to point out that, look, there is a 10% tax on energy right now that was imposed by donald trump. canada is thinking of putting its own tax as that energy goes into

retaliatory tariffs, non retaliatory non tariff retaliation in the works as well because we heard from doug ford. he's the premier of ontario. he ordered the liquor stores in ontario to pull american booze off the shelves. >> and this was coming. >> he did he did. and so that means if you work for i don't know, tito's or budweiser or jack daniels, again, that's going to be painful for the workers and the investors and the executives in those companies. and then there's also china. china firing back immediately. they're putting a 15% tariff on various u.s. agriculture, including chicken, wheat, corn, cotton, 10% on pork, beef, fruit and dairy. they're also halting imports of u.s. lumber. we're waiting to hear what mexico is going to do. we should hear from them this weekend. but they've got a lot at stake here, too, because these tariffs could plunge the mexican economy into recession. i thought jp morgan's david kelly, he had the best quote of the week, summing up the skepticism on wall street about tariffs. he says the trouble with tariffs is that they raise prices, slow economic growth, cut pr

and ontario premier doug ford says he is taking action against one of elon musk's companies. >> we're ripping up. ontario's contract. >> with starlink. >> it's done. it's gone. we won't award. >> contracts to. >> people who enable. >> and encourage economic. >> attacks on our province and our country. >> this is a time to hit. >> back hard. >> and to demonstrate that a fight with canada. >> will have. >> no winners. americans will lose jobs. americans will be paying more for groceries, for gas, for cars, for homes, because we have always done best when we work together. >> mexico's president says he doesn't want a trade war, but she will announce retaliatory tariffs and other measures against the u.s. on sunday. claudia sheinbaum says that her government has cracked down on crime and drugs, making the u.s. tariffs unjustified. lots to discuss. let's bring in michael schnell, a congressional reporter for the hill. she is with us from washington. michael, great to have you this morning. your takeaways from what we heard in this this long address from the president. >> yeah. hey. >> good

. >> david, you know, i've had the premier of ontario, doug ford, and other canadians are saying that they are going to reciprocate and they're going to target red states. you know, they're going to go after kentucky bourbon. you know, our apologies to our friend scott jennings there. what do you think the impact of that will be? do you think that's something that could start to have political legs? >> look, i think there's a lot of concern among republican officeholders. governor pawlenty could speak more readily, readily to this than me. there are a number of ways in which these things can touch, even without the targeting, just naturally, because canada is a big supplier of energy, as the governor mentioned, to the northern tier of the country and so on, some of the other tariffs that the president is putting on have agricultural implications. that hits a lot of red states. and, you know, i think that these officeholders are going to quietly be lobbying for some relief here. but, you know, they're in a bind because the president has quite a bit of sway in their states. i'll tell yo

. >> also comes amid the headline this morning from ontario's premier doug ford, who we've interviewede. of course, he said they're ripping up their contract with starlink as a whether they do or not. that was the first thing that was put on the table, which was interesting as well. megan, thanks. was megan cassella. both stocks and yields are under pressure as trade tensions ramp up. tesla, meta, amazon, microsoft and intel are still the biggest drags on the nasdaq 100, but nvidia is bucking the trend after its nearly 10% sell off yesterday. broadcom, alphabet, amd are also some of the names in the green. for more, let's get out to deirdre bosa at morgan stanley's tech, media and telecom conference with a special guest. >> deirdre. hey kelly. thank you so much. that's right i'm joined by dan simchowitz. he is co-president at morgan stanley. appreciate you taking the time. >> it's great to be here. >> over the next few days, you guys really have a who's who in the tech world. you've got dario amodei of anthropic tonight, elon musk dropping in virtually tomorrow, sam altman on thursday

the premier of ontario, doug ford, warned the economic back and forth will be a disaster for both countries. >> it's one person. >> that's coming. >> to attack us economically. your closest friend, your treasured ally. >> that will stand. >> shoulder to shoulder with you in every situation you face. and he's attacking the person. his number one customer. there's no country in the world that. buys more products off the us than we do. we're the number one trading customer to 28 states. and a lot of them are red states. they're going to feel the pain like they've never felt before. >> meanwhile, mexico's president expected to announce her response at a news conference in mexico city later this morning. together, china, canada and mexico accounted for more than 40% of all u.s. imports last year. also, its top three export markets for the united states. let's bring in the anchor of cnbc's worldwide exchange, frank coghlan. frank. so how are the markets reacting to these new tariffs? looked like they kind of were anticipating them yesterday. >> yeah. good morning. >> right now we're looking at th

ontario's doug ford, the premier there, saying that he would charge a surcharge on canadian electricitye states that pick it up michigan, new york, minnesota. i think there's 1.5 million americans that get their power from there. and he said they would even consider cutting power off if things get ugly enough. so we'll see how this plays out. >> slippery slope, these things. and it's very dangerous. and you know, i think the negotiations like this should be done behind closed doors. and hopefully we'll resolve this very quickly. >> ambassador heyman, thank you. it's great to see you. >> good to see you as well. >> all right. foot locker just reporting earnings coming in at $0.86 a share. that was $0.14 better than estimates. revenue of $2.25 billion was below expectations. comparable. comparable store sales grew 2.6% during the quarter. that was better than the 2.3% increase analysts had expected. full year earnings guidance, though missed estimates. you see shares up just under 2%. they've been cut in half over the last six months. coming up, a one time star social network back from th