so one does wonder if he's just trying now to have lutnick if he is sending lutnick out to say thesengs, to try to direct it one way or another. >> yeah. >> i'm sort of with mark. >> i, you know, there's. >> a lot of improv around this whole trump. >> deal, but he does believe deeply in tariffs. he said it. >> again and again and again. and the one thing i think that we've learned. is like when he says stuff, believe him. that he he means. >> what he says. >> he thinks. >> tariffs are beautiful. he thinks they're a great tool. >> and we'll see. >> i mean, one. >> of the unresolved questions here, mark pointed i think he did have a strong night last night for his base. he talks to his base. i think it resonated with his base, that 48% that supports him. but there are economic realities. and the the chief issue that he ran on was in bringing down prices and raising incomes and essentially proving improving the economic standing of people. and the question is, does this lead to that or does it lead to higher prices? and how long will people tolerate that? >> and if we talk about what el

lutnick: yeah. i think it's byproduct, by region. remember, the usmca, the u.s., united states, mexico, and candid agreements that you have to have a certain amount of u.s. content in your products to be usmca compliant. so i think he's thinking about those categories, u.s.-mca compliant, doesn't that make sense to you, right? if you comply with the agreement, made you avoid tariffs, and if you did not comply, you knew you were not complying, and therefore it seems likely that is the place the president will go. again, the president gets to make the decision. i'm there talking with him about it, and so is the team, but our expectation is that it will be categories. it will be 25%, but there will be some categories left out. it could be autos, it could be others as well could usmca come of a look at that, that was the agreement we made, the u.s., mexico, and canada, saying those products are exempt. everyone who did not live under those terms did so at their own risk. scarlet: i was commerce secretary howard lutnick speaking to the "s

lutnick's indicating something that could be positive. stuart: good stuff.e what we've got still ahead. dr. ben carson on how president trump's agenda helps americans get ahead. shannon bream on the democrat respondent to president trump's uplifting speech last night. bitcoin guy, brock pierce, on why a lot of people are not happy with the plan for a crypto strategic reserve. the 10:00 hour is next. ♪ you're the god who saves, you're the one who runs in my direction -- ♪ when the whole world walks away. ♪ you're the god who stands with wide open arms ♪ your clients look to you. you look to t. rowe price. .. because we stay agile... actively managing investments to uncover opportunities... and build etfs designed to outperform the index. (♪) that's the power of curiosity. (♪) better questions can lead to better solutions. t. rowe price invest with confidence

lutnick on a compromise. in a holding pattern for risk assets until the lease the fed meeting on march 19 but perhaps even longer." dan, good morning. what is special about march 19? dan: my point when the inflation data had come out that we were unsure how the fed would respond, before a lot of the tariff stuff exploded. listen, we've had a good run in asset prices. it is not out of the realm of possibility to get some guidance from the fed and how they think about the inflation backed up. the situation has been compounded by the tariff story. jonathan: we talked about the policy mix of the overall platform, the complete picture is progrowth, progress. has that changed? dan: the problem always was and remains the positive parts of the incoming administration will take longer to implement than the more deleterious policies. out of the gate you have immigration curves, if that is a problem. some tariffs. deregulation in the m&a environment. the extension of the tax cuts or additional tax cuts. tax on tips, etc

howard lutnick said it was orwellian. it's not inflation. well, it doesn't matter if it's a sales tax or it's a price increase. for another reason. >> is just more money. >> at home. it costs more. that feels like inflation. so consumers are going to feel pain and they are postured poised to. say it's biden's fault. it's someone else's fault. don't blame us. >> unless unless a recession comes along, which this crew is. playing with causing a recessio, arrive on american doorsteps. and if that happens before the midterms and there's another david and i were talking outside of what if you also get a public health crisis and a recession right before the midterms? voters aren't just going to go along with the program at that point. >> okay. but think about. >> how absurd that is. okay. the biden administration got a ton of flak from the business community because they said they don't have anybody in that in this white house that can speak to us. they biden doesn't call us, doesn't want to don't doesn't want our advice, doesn't want our opinion.

lutnick told ford to stand down. 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 ripping off our country for decades, and that

i want to emphasize that lutnick mentioned that, too. the idea of reciprocity can be two ways, bret. it can mean higher tariffs. it can also mean lower tariffs. i mean, for example, since president trump started talking about reciprocity, and april 2nd, we have seen germany starting to talk about cutting their car tariffs. you know, they are at 10.5%, we are 2.5%. we have seen india talking about cutting tariffs across the board after prime minister modi came here for meetings. my point is that in some cases rreciprocity may mean higher tariffs. in many cases reciprocity may mean lower tariffs which would be counter inflationary. >> bret: no tariffs if the company moves back into the u.s. >> that's really trump's ultimate goal. he argues this on the supply side. if he tweeted it out today, if you produce here, you don't have to worry about tariffs. and really that's the thrust of the policy. he would like to put a 15% tax on goods made in america. he would like to make tariffs much easier by not -- make your investments. he is going to m

thank you, david asman and we have howard lutnick. it's great to see you. >> thank you. stuart: stock markets going up and down and we can't describe that. larry: how did you interpret and what it is making them today. and can dark mexico and china. going to close the boarder and going for them and it's not respecting trading partner and end it and going for them and very simple and got 24 and don't want to hear you talk about it and americans to stop being murdered and opioid and fentanyl and nice job on the boarder and the fentanyl deaths are not declining in the way we expected so what do you think the president's going to do? he's going to come out today angry that americans are being killed and the mex mexicans and canadians are on the phone with me today that they'll do better and the president is listening because he's fair and reasonable. it's not going to be pause, none of that pause stuff, but he'll figure out you do more and i'll meet you in the middle and we'll announce that sometime tomorrow. somewhere in the middle will likely be the outcome and president m

howard lutnick confirmed that terrorists will hit tomorrow. however, he opens the door to a lower than 25% tariff on mexico and canada due to the help of the u.s. border. >> how exactly he wants to play with mexico and canada. there are going to be tariffs on tuesday on mexico and canada exactly what they are. we'll leave that for the president and his team to negotiate. maria: , network from secretary howard lutnick on my reciprocal tariffs on europe and india are on the books for april 2. as well as the likely take back of the panama canal soon. all of this as house speaker mike johnson's expect fireworks tuesday never president trump addresses the joint sassoon of congress. the preview and impactor year coming up. markets this morning are higher, the first trading day of a new month, the month of march, dow industrial 95, the nasdaq up 84 in the s&p 500 higher by 18 and a quarter. take a look at markets for the month of february was a rough one for most stocks in february, the dow industrials down to another percent. the nasdaq lost four an

howard lutnick that a compromise could be on the way. about that with some of our guests. another stock to watch this morning. that is blackrock. those shares moving higher after a $23 billion deal to buy ports at the panama canal. it was a move praised by president trump in his speech last night. blackrock shares, as you can see, are up about one and three quarters of 1%. we also want to look at the etfs that are tracking tracking canada, mexico, canada and mexico that are facing 25% tariffs, and also china that's facing an additional 10% tariff. you see right here a bit of a bounce back when it comes to these names as well. the iww that tracks mexico up over one and three quarters of 1%. the iwc that tracks canada up nearly 1%. best performer the ncci that tracks china moving 2.25% higher. also, again, we're getting that chinese stimulus news this morning. perhaps another catalyst moving this etf higher. at least right now when you take a look at treasury bond yields just moving a tick higher a few basis points. the benchmark right now

take a listen to how lutnick put it. >> my thinking is it's going to be somewhere in the middle. so not 100% of all products and not none somewhere in the middle, because i think mexico and canada are trying their best. and let's see where we end up. so i do think somewhere in the middle is a likely outcome. >> now a couple of things here to keep in mind, boris. one is that we know that yesterday the president, i was told by white house officials was very closely monitoring the stock market. we obviously saw it fall pretty heavily over the last two days on the news of the tariffs. but he's also been fielding a series of calls from different republican lawmakers. we also heard the president say that he met with some automakers yesterday. he said that himself during his speech. so all of that just kind of playing in behind the scenes. now, i also just want to bring up one point as well. is that lutnick in that interview as well, was saying he was referring to this not as a trade war, but as a drug war, and really saying the key focus and the key kind of fixation that the president

commerce secretary howard lutnick more to discuss. we'll continue this conversation after the break. >> welcome back. >> have i got news for you news saturday on cnn. >> at wayfair we're game for every style. >> let's play. >> chair eight. >> i'll act out my favorite chair. >> got it. all right. you ready? >> yep. >> this one. rocking chair. >> uh, velvet tufted chaise lounger. >> this is chair. >> loungers are off limits. well, there's no rule about adding it to my cart. it's a great deal. >> this barrel swivel chair. yes. boom. wow. >> not my first chair. >> aids. >> if you're looking for amazing deals on premium floors, yellow and black is back at lumber liquidators. we cut out the middle man so you can buy more and save more at absolute low prices. get laminate flooring as low as $0.89 a square foot. waterproof flooring as low as $0.99 a square foot. pre-finished real wood flooring as low as $1.49 a square foot. see the flooring experts and buy more and save more now through march 4th. only at lumber liquidators. >> hungryroot is.

lutnick says he wants to take government spending out of the equation.h would, of course, obscure the effects of everything trump does in government, let alone his top campaign donor, who has given free reign to do whatever he wants to the government. it also turns out elon musk, the president's top campaign donor, is into this idea. on friday, he himself posted online that we should change the way we calculate america's economic growth america's gdp. never mind the pesky concerns of economists about interference in the federal data. we should just calculate it in a different way, a better way, a way that suits them better. in the category of watching what they do and not what they say, though, here's something that commerce secretary howard lutnick has just done. the wall street journal was first to report that secretary lutnick has now disbanded. two advisory committees whose job it is to make sure that the economic data from the federal government are accurate. an expert who worked now, who worked on one of those now disbanded committees, tells the wa

that was my conversation with secretary lutnick. if, howard, if there are things, additional things that we can do in partnership with the americans in the fight against fentanyl, um, we're all in. >> so did they say. >> additionally is an urgent. >> did they did they give you have they given you a standard to meet? do you kind of know what you need to do to get these tariffs lifted from canada, or is that still unclear to you tonight? >> that's one of the challenges, miss collins, is that as i said, we we worked over the last number of weeks. there were meetings with the border czar, mr. homan, in washington and our federal police with the fbi and u.s. customs and border protection. um, we've been working on a joint plan, and we think that plan is effective. and achieving the results. but i said to secretary lutnick that if there are additional things that the american administration would like to work on with us again, we're we're all we're all in. so the solution is not to put tariffs that will hurt. ultimately, american consumer

then, lutnick says we're going to get a deal and stocks go back up. street journal" calls this the dumbest trade war of all time and they had another editorial that said we might have short sold how dumb it was with our first editorial. >> jake: can i say one thing about the tariffs? i don't think -- people who support donald trump or want to support donald trump don't support tariffs, like i suspect howard lutnick but others, that they want this just to be a gambit, just donald trump thing i'm doing these tariffs until you change your behavior and then we will reduce them. i don't think that's what he thinks. i think he actually believes in tariffs long-term, major economic policy. if you look at things he said, like he really admires the presidency of william mckinley. >> stephen: the gilded age. >> jake: he thinks that the tariffs are the reason for that. other people will say there's also the industrial revolution. there was also a huge immigration. >> stephen: zero worker protections. >> jake: right. that might have had a lot more to do with it.

and then you heard from howard lutnick this morning saying that they could meet in the middle. and he also talked about talked about exemptions, exemptions for the auto industry. i want to see if we can bring up just the big three u.s. auto makers and take a look at how they're doing. at last check, we saw there they go. we saw that this news from howard lutnick this morning, that there could be an exemption from the auto industry actually boosted those stocks. gm, ford and stellantis. but investors are also looking at the overall economy. just this morning we got a report from adp that is the private sector payroll service that showed that private sector hiring was less than expected, 77,000 jobs added later this week on friday. we're going to get that big government jobs report. that is something that investors will be looking at also. but we know the president will be watching that very closely, and his administration will be taking a look at what those job numbers show. government positions, as we know, have been eliminated in recent weeks that could show up in that key rep

commerce secretary howard lutnick will join us in just a moment with larry onset in dc. goning el paso 'em and defending federal speaker and mike johnson waiting in the wings as well and larry has a full show straight from the nation's capitol and first, let's goat it reporter: in the bottom of the foundation of all this is stopping the flow of fentanyl coming into the united states and to incentivize that, the president slapped 25% tariffs on goods from canada and mexico and energy from canada under a 10% tariff and the tariff on goods from china going 20% and chinese foreign ministry spokesperson saying if war is what the u.s. w wants, be it a tariff, trade war or any other type of war, we're ready to fight till the end. china retaliated with 15% tariffs on u.s. chicken, wheat, corn and cotton adding 10% tariffs on other u.s. food imports to china like soybeans. canada firing back imposing 25% tariffs on $20 billion of u.s. imports with that number going up to $100 billion of u.s. imports under 25% tariff in 21 days. jaire i'm concerned you'll see the ratcheting off th

here's the comments from from lutnick that he made yesterday to fox business.e's going to work something out with them. it's not going to be a pause. this is president trump with canada and mexico. but i think he's going to figure out you do more and i'll meet you in the middle some way. we're going to probably be announcing that tomorrow, that tomorrow being today. so we're waiting to hear what happens. >> and it was right after the close of cash trading. and the futures immediately bounced on that. and so yeah, if you have this, if you want to make the bet that we're at the moment of maximum tariffs and it gets, you know, kind of negotiated back from there, then maybe it doesn't have that much of a growth effect. >> i do think it was very interesting. lutnick when he was here, the commerce secretary on squawk box yesterday was talking about two different types of tariffs. these are the ones that he was talking about yesterday, has to do with fentanyl with both canada and mexico and with china as well. but then the next month is going to be very interesting. a

we had lutnick on just moments ago. we'll listen to some of it. i was listening intently, as i know so many of our viewers were. he's at the center of this policy, and yet it's very difficult to fully understand exactly what the motives are, obviously, except that he wants to they want to increase manufacturing in a very significant way in the united states of america from beginning to end. right. he made a talked a great deal about auto parts that are not made here, that then are incorporated in the vehicles, but again, the back and forth, the difficulty of ascertaining where the tariffs are going to be, what they're going to be on, what the impact is going to be in terms of dislocation. it's just very hard right now to know. >> okay, let's say you're in favor of tariffs. i'm in favor of a lot of tariffs i mean i watched it. thank you dave tepper i watched a piece 1997 about reagan. he says listen targeted tariffs about semis are good. untargeted tariffs create a big trade war. and all the prices go up and things can collapse. i don't think it's

the good news, maybe, is what howard lutnick said yesterday afternoon. he was sort of hinting at maybe some sort of a >> points the s&p 500, only 0.4%. this is a very tiny rebound after what we've seen in the last few days because the dow plunged 1300 points combined on monday and tuesday. >> the s&p 500 has given back all of the post-election gains. look at this. we're back to election day right now. i think the the message from the market, kate, i think is pretty clear, right, that tariffs are dangerous and they're particularly dangerous right now because inflation is already a problem. everyone is very sensitive to higher prices. the federal reserve is worried about inflation. and listen the economy is already slowing down. it's hard to see how waging a trade war with your three biggest trading partners is going to help any of that. >> yeah. so if as president trump and his tariff team economic team want to argue that this is good for the american worker and the american people, they've got a lot of work to do to convince people of that. >> yeah. i do

and so maybe donald trump and howard lutnick think there's a little bit of wiggle room here. it goes back to the fundamental theory of the case here. if tariffs are good, then defend them. if not, why are you throwing them out there and what are you trying to negotiate for. this is a listless economic strategy by the president. howard lutnick, god bless him, is having to defend something that's indefensible right now. >> david. christine, thank you both. still ahead, the blink and you'll miss it moment from the president's speech that could have major legal implications. we'll explain. but first, legendary basketball player lebron james just demolished the nba record books. he's 40 years old. the lakers superstar just became the first player to ever reach 50,000 total points. that's both regular season and playoffs. and of course, he did it on a three pointer again at age 40 when he had a 34 point age 40 when he had a 34 point game. former cavalier, i baby: liberty! mom: liberty mutual is all she talks about since we saved hundreds by bundling our home and auto insurance. bib

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lutnick also said there will be tariffs tuesday on canada and mexico.hat they are will be for the president and his team -- howard lutnick is part of that team -- to negotiate. jonathan: throwing europe into the mix, big moves in germany. bunds lower, yields higher. in defense stocks, you are seeing a monster rally on rheinmetall, bae systems. it looks like that will medic break down friday could spark a big change in europe. lisa: maybe that is they kick in the pants to get them to actually spend on defense spending. you mentioned the reuters report earlier that came out with something to the tune of one trillion euros in spending from germany, from the joint european union as a result of needs to beef up defense spending as well as infrastructure. a question of whether this is realistic, given the appetite, given the lack of political leadership in europe. at the same time, people are taking it seriously enough you are seeing moves in the market. i wonder if this could boost some of the outlook for growth, the ecb meeting thursday could be interesting

howard lutnick is tryinga to backtrack on it. you know what, the president just gave the three major car companies an extra month so that they couldnt complyh in a way that benefits america financially. >> dana: that's what i said last night, i think theig sequencinght of all of this has been bizarre and it has led to some chaos and confusion, but maybe that's the strategy. the most measured part of th ste speech last night was when president trump said, bear with me. it was short. he said there will be some pain. he does a lot of interviews so i'm assuming wervie will get mon what that means. for example today i heard from a manufacturer, this is going to i be so great. i said what about the exporters ,hat just called me before you the exporters are like we make things in america but we want to export our things and now they expensive. more but what about the consumer? then i got a call from them.. i'm like guys, i mean wait-and-see mode but apparently so was the government. it's like they are on, they areo woff. now another mon

and those comments from lutnick around the possibility that trump could roll back some portion of theariffs on mexico and canada, drove a late rally in the day. ultimately, though, we did see the dow, the s&p and the nasdaq all close lower. right now we're looking at a significant bounce back in the dow. more than 250 points at this stage. the nasdaq looking to add back about 185 points. and the s&p also looking to open higher after ten out of 11 sectors. finished the day lower yesterday, led by a 3.5% pullback in financials. so to say that markets are glued to what happens on the tariff front i think would be an understatement. let's welcome daniel morris to the show. chief market strategist, bnp paribas asset management daniel, it's so hard to know where to start. i'm just going to go for germany because this is our top story this morning. i think for the european investor, this is absolutely huge news. the deal that we heard announced from friedrich fritz yesterday. what's your take from a market perspective? >> well, for european. >> equities you. >> thought at the beginning. >> o

howard lutnick just stepped down as ceo of cantor fitzgerald. this man is worth $2 billion.know exactly how tariffs work. so the fact that yesterday morning at 8 a.m, howard lutnick is on television talking about american dominance, right. time to put these tariffs on our closest allies. remember the last time donald trump was in office? he was the one who negotiated basically nafta 2.0 usmca. what we have with those two countries, by the end of the day, after lutnick had been getting calls, i'm sure all day long from people saying, what in the world are you doing? well, maybe we're working out a deal. there's not a deal yet. and for the president to even say, well, tariffs are going to be short term pain, but it'll be fine. we already know the ceo of ford has said tariffs would blow a hole in the auto industry. for donald trump to say farmers have some fun out there. have some fun. yes. if we had restrictive tariffs, you know, farmers wouldn't have international competition. but remember, we produce more food in this country than we could ever consume. they need to export t

maria: commerce secretary howard lutnick. sir. >>> and now the event of the week, president trump is set to speak many front of a joint session of congress tuesday night marking his first major address since his return to the white house. joining me now with a preview is the man himself who who extended the invitation to the president, the speaker of the house, louisiana congressman mike mike johnson. mr. speaker, thank you so much for being here. >> hey, maria. always great to be with you, thanks for having me. maria: before we get to your big victory of the week in the reconciliation package that passed last week in the house, give us your sense of what to expect on tuesday night. >> well, fireworks, you know? in a great way. president trump is coming in a triumphant return to congress to address us as the president once again. and in the first month of office a, he has accomplished so much that it could fill three hours. i suspect he'll speak in a shorter time frame than that. but, maria, there's so much to relay. normally

commerce secretary lutnick told fox news tariff levels are undecided.ut in the last hour, white house adviser navarro insisted on cnbc the president won't back down despite inflation concerns that have weighed on wall street. so, what's next? let's bring injimmy lee, ceo of the wealth consulting group in colorado. obviously group in colorado. a lot of uncertainty right obviously a lot of uncertainty right now, how is wall street taking this?— right now, how is wall street takin: this? , ., , , taking this? obviously with the future investors _ taking this? obviously with the future investors are _ taking this? obviously with the future investors are remaining | future investors are remaining calm. we had a bit of a sell—off in the month of february which is typical from a seasonality perspective on the second half of the month. but as i've suggested in previous interviews i think investors may be buying the steps. right now the consensus from experts and analysts on the markets is that we could easily get a ten to 15% correction and actually i believe t

about before. cards, which are a gold green card, it seems, detail on this, but based on what howard lutnickg, it gets them a green card for life that's the president referred to it being a solid i mean, just because, you know, i cover immigration quite they'll get, i think they said at one point $1 trillion, you know, so it was interesting to hear him speak about immigration of the us, for example, his mass deportation and sometimes public health issue. of the immigration coin. i'm glad you mentioned not seeing a final proposal. any trump white house, because they been hearing for a while. i thought, what's interesting is on immigration from these countries. i don't want to be excessively cynical, but it would seem to open the door to folks from russia we haven't seen... "ah, this is what this "confers on this deep pocketed individual." and we're really going to have to look at that carefully. he was actually asked specifically when he when he first mentioned the gold cards you know, given that the war is still happening and that and there was also, and i know you were keeping an eye on thi

and the president's commerce secretary, howard lutnick lutnick, didn't do much to clear up what is going to happen and what it would even be when it comes to those tariffs on mexico and canada. >> year round, telling them all the details. but then he's going to decide this afternoon. and tomorrow we're going to put out those tariffs. he's going to decide. today. we're going to put it out tomorrow. there's not a lot of uncertainty to tomorrow. but he knows they've done a good job on the border. they haven't done enough on fentanyl. let's see how the president weighs that today. we're going to talk about it all day today. and then he'll let everybody know tomorrow what the plan is. >> my panel is back. they got him right where they want him. jack. yeah. they're going to talk about it all day today, as. >> well as doing speech prep as well as figuring out ukraine. they have a lot of things on their plate. >> or just to wait to see what trump may actually. >> do. >> you know, i think it's interesting because we've been here before. obviously, there was so much to do about tariffs in the firs

i can't quite figure out what lutnick is talking about.he reciprocal trade tariffs that mexico and canada will not be dealt with, or is there going to be some rollback of the 25% that just went in place as a result of what was supposed to be interdicting fentanyl or trying to get, you know, stop? i don't. >> know, it seems like he was talking about that. the 25%. >> it felt like that too. but then i thought that was about fentanyl deaths. that's what he said on our air. >> yeah, that it was a drug war. yeah. they clearly are trying to exact concessions from our trading partners. and it is all about sort of leveling the playing field, even though they're also trying to target the fentanyl and the drugs that are coming across the border. i just want to mention private sector jobs because it was a it was a big downside miss 77,000 jobs. and here's the risk. with all this tariff, you said it will take years. what could happen in the. >> it'll take years to get the i think to know the full ramifications of reordering the global trading system.

given that front, we just heard something really interesting from the commerce secretary, howard lutnick, who said he's. been on the phone with his canadian and mexican counterparts throughout the day talking about these tariffs after the president said yesterday there was no chance that canada and mexico could negotiate their way out of them going into effect. and he had this to say about what could be in store for these tariffs. >> both the mexicans and the canadians. >> were. >> on the. >> today. ith me all day. >> trying to show that they'll do better. and the president is listening because, you know, he's very, very fair and very reasonable. so i think he's going to work something out with them. it's not going to be a pause, none of that pause stuff. but i think he's going to figure out, you do more and i'll meet you in the middle some way. and we're going to probably be announcing that tomorrow. >> teasing there, that an announcement could come as soon as tomorrow, suggesting that it may not be an outright pause on the tariffs that went into effect, but potentially rolling them bac

and as you said howard lutnick says he doesn't even really know.xpect the president to use this uncertainty, as we've often said sometimes he's you know, he's negotiating, sometimes he's trolling. do you expect him to use that to manipulate either investor sentiment, economic sentiment? i mean, global sentiment? i don't know what sentiment he's going for. >> all of the above. listen, what we're describing as sort of as a problem, the president clearly doesn't think it's a problem. he thinks that sort of that uncertainty, you know, if you want to be stronger, you could say chaos is a negotiating tool. it's a leverage. it makes him unpredictable. and he thinks he can get what he wants. whether it's and we're not sure exactly what he wants. as joyce nicely said, are we talking about sort of foreign policy goals particular particular goals? are we talking about reducing trade surpluses, particular products. so the president views this as a strategy, and he views tariffs as a as the core of his economic policy. and those two things together mean we're g

and howard lutnick, the commerce secretary, first, that is the biden data.on to the united states has stopped sharing intelligence with ukraine. they have stopped all transfer of any weapons to ukraine. this happened as of 6 p.m. on monday. our nbc news reporting says people are going to in in ukraine could die because of this pause by the trump administration. >> 100%, symone. >> as you. >> started the. >> show. >> you said this is not normal. this is not normal. >> this is. >> not what. people do to allies. when you deprive your ally of sight and sound, for him to be able to defend himself. that's not. that's that's terrible. that's vengeance. this was we'll put them in a terrible position. >> but even more than. >> that, it's an incredible gift to vladimir putin. >> i mean. >> they're dancing. >> in the aisles in. moscow by saying the us. >> which has been. >> supporting ukraine. >> from the very beginning with intelligence. >> and remember, we went and told. zelensky that putin was doing this. >> he didn't believe. >> it and he didn't. >> believe it. tha

that's how he described it, lutnick said. that would probably be announced tomorrow. so a lot of kushi language there. lots of questions about what exactly that might look like and if it comes to fruition. but it is the first sign, melissa, of any movement here, any potential compromise coming in the coming days. >> melissa on the sunday shows made it seem like there was a room for a last minute sort of deal, and that didn't happen either. so i mean, we'll see where that goes. but in terms of the retaliatory tariffs from canada as well as mexico, we know that president sheinbaum of mexico said sunday at a rally. that's when she's going to unveil the retaliatory tariffs. do we know specifically beyond the ontario electrical tax, what the retaliation will be or when that will be announced. >> from canada? some of it took effect already about $30 billion canadian dollars 20 billion took effect at midnight, another 100 billion or so taking effect within three weeks. but they're talking about other things, tearing up some contracts, potentially with starlink, trying to get

street journal" is finding that investors are moving towards safe haven healthcare, staples howard lutnicking 25% tariff on mexico and canada the situation right now is fluid given progress on the border. >> both mexico and canada, have done, reasonable job on the border both working with hard on the border fentanyl continues to come into this country murder our people sort of thinking about how wants to play with mexico and canada that he is the fluid situation there are nothing to be tariffs on tuesday on mexico and canada exactly what they are, we are leaving that for president and team to negotiate. >> chief investment strategist mark luschini incredible, maybe there is room maybe this is i mean we knew a negotiating tactic from the beginning we what comes down tomorrow when tariffs are supposed to get implemented, reaction? >> well, absolutely. i agree. and in fact, it is high degree uncertainty taken pressure applied to stock market case as consequence of the perspective implementation on tariffs china as well potentially, even europe, so anything that would offer some relief from th

secretary lutnick as well and thank you for coming here. thank you. >> thank you, david.ch. a big percentage of chips with this investment will be made now. a big percentage. worldwide we had very little, almost none. used to have a lot with intel but we had very little, and we'll be at close to 40% of the market with this transaction and a couple of others we're doing. that's a tremendous lonoke would have said is possible. if you want to have a couple questions, ideally on this subject. probably talking about 20, 25,000 jobs but it'll get bigger and bigger with jobs. knowing this gentleman, it'll get bigger and bigger. there'll be no stopping him. >> in addition to the jobs you talked about national security and that's one thing that i think a lot of americans don't understand. explain the national security aspect of in >> nothing runs without them and buy a car, a radio, television, can't get anything. we thought it was very important obviously business was but in terms of national security to have this large percentage of the chips, semiconductors and other things the

we await more details from the treasury secretary and from the trade secretary howard lutnick on just what deal is announced. it's also helping the equity market turnaround from its slide yesterday. the equity market was down some 2% before these comments. we did bounce strongly into the close. some attention on a large treasury block trade, one of the largest ever. look like a rotation from treasuries into stocks. that also helping risk on sentiment in the overnight session in asia. we also have our eye on european assets after the late announcement from the german government that they intend to spend $500 billion on defense. euro-dollar sustained a break of 105 finally and it did it in style, trading above 106. it broke above the 100 day moving average and sustained the rank of 105 finally. keep your eye on german yields. especially in the long end. bustle futures really collapse in late trade yesterday. pointing to a near 10 basis point rise on the open. just how much demand will there be for this extra issuance coming from the german government to fund this defense spending? keep

maria: we're going to talk with howard lutnick, the commerce secretary, and we will get the details ons that are in the works that president trump is working on. we'll talk with the speaker of the house, mike johnson. of course, the big event of the week is going to be tuesday night when the president addresses the joint congress. and then we're talking about the ukrainian situation with mike pompeo. we're also talking about the fbi, a new fbi with devon nine if yes, sir, now that kash patel is in place as well as dan bongino. and we'll talk about more activity going to the that states. we've got two governor wanna if bees, sam in ohio and byron donalds this in florida. breaking news, i'll see you in ten minutes. rachel: oh, wow. that's an amazing lineup. thanks, maria. >> thanks so much. rachel: you got it. mardi gras kicks off the week, and we're celebrating with a fat tuesday feast. that that's next, condition wait. ♪ come on, let your colors burst ♪ ♪ and the holy spirit. my soul proclaims the greatness of the lord. my spirit rejoices in god my savior, for he has looked with favor

howard lutnick said the program will replace the visa program for foreign investors and will be rolled dan heninger, kim strassel, and alicia finley. donald trump's gold card, don't leave india without it. good idea? >> this should be thought of the way trump talk about tariffs which is as far as revenue, that is about it. we think of immigration of people coming in, families, work the rest of their lives here. we are wealthy people coming into the united states and they do so for two reasons, one as a second resident and two as a plan b if things go wrong, insurance policy. a lot of countries use these, citizenship visas and the ones using them are russians or chinese, indians as well, india and china are great places to get rich but they start thinking about protecting those assets and one way to do that is come to the united states. that's what is going on here but i don't think it has much to do with growing the economy is immigrant of them to the united states. paul: you followed the program that they would replace and that has problems. >> how this program, a foreigner with $500,

i'm glad you mentioned the commerce secretary, howard lutnick. he raised the suggestion that there's room to negotiate on the tariffs from canada and mexico. watch this. >> there are going to be tariffs on tuesday on mexico and canada, exactly what they are we're going to leave that for the president and his team to negotiate. then obviously i'm talking to him all the time to discuss what that's going to be on tuesday but china's got to stop making these ingredients. maria: it sounds like president trump knows exactly his customer in china and is dealing with that but in terms of mexico and canada, what i think i hear is there is some room here maybe 25% tariff doesn't go into effect on tuesday. maybe he's able to negotiate it down given that they have shown some willingness to help on the border. >> i spoke to tom homan yesterday and he was very opt optimistic about the kind of work mexico and canada are doing on the border, lowest crossings ever so in that regard they've done an excellent job but they just haven't moved on the fentanyl deaths i

bottom line is donald trump is the best negotiator in the world and according to howard lutnick he isa deal with both canada and mexico. now essentially the ball is in their court if they come up with an answer. if they accept what's going on. >> martha: it's interesting to me, in the first term president trump and maybe it's reflected in the back and you read about in kevin's book but he said he wanted to go country by country and redo every single trade agreement. and then covid happened and all of that. i'm wondering what changed in the four years that he was away from office because now he wants to be across-the-board with reciprocal trade agreements with everybody and not country by country. i just don't know why that changed. >> remember for those folks who don't know there was something called nafta decades ago that was a north american free trade agreement that donald trump and others were against. they said there's big sucking sound coming from mexico taking all the u.s. jobs. but the second version of that was formulated by donald trump himself. he is arguing with the deal t

all of this being suggested by howard lutnick in a bloomberg interview.e are seeing nasdaq 100 flat on the day on the downside, pulling a slower in terms of points respective is the likes of apple which is pulling a slower, nvidia pulling a slower. microsoft, broadcom and the chip names doing relatively well. the nasdaq golden dragon up 4.9%. we are basically being bounced around by the latest headlines. we have so much debate when it comes to the market and earnings with crowdstrike looking burst in the market had braced for. crowdstrike trading off significantly by some 8%, off as much as 12% at one point as the hit to the entire global breakdown in software we saw last summer. shares still having an effect as we saw worse than expected earnings outlook for this company. let's dig with all of this with isabelle lee. we have whiplash on our hands. whether it is about the latest announcement for semiconductor support in the u.s. or whether we will have tariffs remain or not. how does the market digest this moment? isabelle: that is why they are confused.