taylor riggs is in for liz claman. over to you. taylor: second favorite word after tariff is resip co-- reciprocal, according to scott bessent. charles, thank you so much. the trump war take another leap forward as you just heard, but it doesn't seem to be affecting the markets. hello, everyone, i'm taylor riggs in for liz claman. the major averages, as you can see right now, it is a buy across the board being led by tech. the nasdaq now up 1.5%. investors clearly much more focused today on lower than expected inflation data than they are on the 25% steel and aluminum tariffs that go into effect today. the european union and canada both responding with reciprocal tariffs, but in a meeting later today with ireland's prime minister in the oval office, president donald trump says the u.s. will respond to the moves by the e.u. and canada. the european union said it will impose if tariffs on $20 billion worth of u.s. goods starting next month, and canada said it will fire back with almost $30 billion, canadian dollars, on u.s. goods. bu

liz claman, you're all right thanks for joining us. liz: come along.ska legislator has approved a bill to classify some gig economy workers as independent contractors. madison? this is just one state. nebraska. but he's got huge implications. it followed elsewhere, gig workers no longer classified as employees. >> right so there's been a long debate with this. uber has been fighting this , because the drivers want to be classified as employees because they be able to get certain rights like worker comp or healthcare, et cetera, and so you've seen this push and pull but now nebraska making this move that essentially gives the workers less power because as you mentioned now they are considered independent contractors and under the nebraska law, we're talking about drivers like uber, some delivery workers that are all under this category. if this goes elsewhere, we see more power in the hands of the uber. of the lift of the world and less power in these gig workers because they aren't employees. they are independent contractors. stuart: i'm not sure i agr

charles: liz claman p over to you. liz: nice discussion. folks, everybody buckle up. market bulls are staging a late session stampede after this morning's selloff. the dow had dived 843 points at the low of the session. right now it's come well off that, it's still down about 225 points, but the s&p is also recovering much of this morning's losses. low of the session for the s&p was a loss of 117. we've got it down just 6 at the moment. it's the nasdaq, the nasdaq briefly entered correction territory earlier this morning. it fell if 393 points, more than the 93 points -- 193 points that would involve it -- shove it into the correction cave, but right now all those losses and more are gone, up 143 points. for all, though, who anticipated president trump would use tariffs merely as a scare tactic, oh, they were scaring investors all right today. be i -- but the market's reaction to what happened at midnight show you people were dead wrong in thinking he wouldn't actually impose them. almost immediately china retaliated with, among other things, levies of up to 15% on a

liz claman i'm buckled up for this last hour of trading. liz: oh, my, my. charles i know you've had the nasdaq bug right there on the lower part of your screen. we're putting it right in front of you folks. the nasdaq right now is down 536 points. it is in correction right now. if it closes down more than 396 points, it will officially enter a correction, defined as a 10% decline from a recent high which was back on december 16. president trump's lurching stop/start trade policy just lunched again while the markets are still in the red they are burning off at least some of the losses. the dow jones industrial is at its low down about i think i want to say 625 points right now they are down 564. s&p earlier saw 130 points sliced off right now it's down 119. russel 2000, down 36 at the moment low of the session a loss of 45. trump's latest reversal came literally just minutes ago. he just signed an amendment including canada to make usmca complaint products coming from canada and mexico exempt from levies until april 2. this morning in a social media post in

liz claman i'm buckled up for this last hour of trading. liz: oh, my, my.

charles: liz claman, i think we found a way to cover the national debt. city bank has a few bucks laying around and just giving it away. liz: okay because i'm a city bank client and they took some, i said it was okay. charles: okay. liz: to help the situation. charles: you know where my office is right? liz: [laughter] charles thank you so much. charles if you needed proof of how much investors hate tariff wars and love compromise, just look at the stocks punished. the most by president trump's tariffs, they are zooming higher. american automakers hitting session highs after the white house press secretary just said in a briefing in the last hour that the president has spoken to the heads of the big three automakers and here it is. plans to give one month exemptions from the 25% levies he just imposed to any autos that are imported to the united states through that usmca north american trade agreement so look at general motors. general motors just yesterday was at $44 struggles now it's at $48.56 jumping 7.5% with ford up 5.5%, stallantis is really roaring

charles: liz claman p over t

charles: liz claman, i think we found a way to cover the national debt.

taylor riggs is in for liz claman. over to you. taylor: second favorite word after tariff is resi

liz: that was super micro computers ceo telling the claman countdown yesterday that the a.i.ack after avoid ising a delisting from the nasdaq due to accounting issues that surfaced last october. investors are cleaving to that promise. look at the intraday picture here. the stock was already in the green, but it is now up 11.25% and climbing. the super micro chief was just one to have 3500a. a i. leaders here this week in las vegas at humanx who are blazing new trails in the world of artificial intelligence. id altering, right? if facial altering is kind of controversial, but we came across a company called eau wow.a a i -- oh wow.a a i at the conscious. look what they did for me. it wasn't exactly like looking in the mirror, but first they had me playing poker. i think that looks pretty much like maine not that i would ever be at the poker table because i don't know how to play i. oh, this one with i like, me on a bill billboard with a guitar, i play the bass guitar, not the actual guitar. there's me on a motorcycle, ask and i personally love this one, jumping with a tiger. a

some time and we all know, liz, up until its recent correction equities got let us pivot to the markets. it has been the with flash week and we've been calling it on "the clamanses most of the week indicate that were going to close down negative for the week, the dow looks to be down 2%, the s&p down 3%, same with the nasdaq and the small-cap and mid-cap down 4% what do you think is in the psychology of the investor a lot of things have gotten less expensive, hpe we were talking to the ceo of seven people are not going into buy it at this price. >> i think it's really simple we got up to 23 times forward earnings in u.s. equities everyone was pulled up on tax reform for the regulatory rollbacks that were coming in and expected merger way. what happened the trump administration has been clear the president said the treasury secretary said he today they're willing to take the sick engine significant amount to rebalance towards domestic production in domestic investment young clearly when you have that much uncertainty injected you should have a lower evaluation and you haven't gotten to the point where you brought in a lot of buyers. normally you get to the 200