spitzer has deputized himself as the "sheriff of wall street."en though you were on the other side in at least a case or two of his aggressive regulation of various financial industries, you thought that he was doing exactly what that 23-year-old, first-year harvard law student was meant to do. he is using power effectively to help the people. he was the most powerful, most successful, and i think most effective state attorney general in the history of the united states. that's pretty high praise. yes, absolutely. this all might sound like hyperbole now that we're on the other side of his shocking scandal and public downfall, but everyone thought this way at the time, and not just in new york. i myself believed that spitzer was on a path that could end up at the white house, but he had been learning some pretty undemocratic lessons on his way up, that he could push boundaries, seize power, and that the people would love him even more. -you have declared... -i have. -...officially... -officially. ...that you are running for governor of the great s

what's going on with wall street?d you might see a correction further down the line, why aren't they more nervous at the moment? is it because they don't think trump will follow through? don't think trump will follow throu~h? , ., , , , through? obviously we still have the tariffs _ through? obviously we still have the tariffs that - through? obviously we still have the tariffs that were i have the tariffs that were imposed with his first term. i think most investors believe the threat of the tariffs and the threat of the tariffs and the percentages of the tariffs are part of the deal he is trying to cut so i think that's where people are more calm and not as concerned about the ripple effects that tariffs could had on the economy and potentially inflation. i think there are two other major tailwinds we have to look forward to in the us, one is the deregulation and another one is low interest rates. low interest rates and deregulation is very good for business and for risk assets such as equities so i think those are

wall street's done great. wall street can continue to do fine.ll business and the consumers. so we are going to rebalance the economy. charles: joining me now, chief economist e per discuss at the coalition for a prosperous america, jeff bear arely. i want to pick up on what scott bessent was saying, that somehow wall street has convinced main street to measure their own personal well-being by watching the s&p 500. if obviously, that's a mistake, but your thoughts. >> yeah. i think what scott bessent had the to say, charles, makes a hot of sense. i mean, look, there's a couple of things going on. the short-term macro economy, there's some so issues there as you pointed out. web talk about that, but i think what the secretary of treasury was referring to is that that over the last 20 years this phase of globalization has benefited wall street, and it has hurt main street. we've sent is jobs abroad, chi that, mexico -- china, mexico, etc. and what the trump administration is trying to do is to rebalance that. and we're seeing some very early signs

wall street with new. tariffs just hours away. >> there will be tariffs. there will be cuts in regulation. there will be cheaper energy. so i would expect that very quickly. we will. >> be down to. >> the fed's. >> 2% target. >> so this after friday's. >> shouting match in. >> the oval. >> office, sent stocks. >> spiraling before a. sharp snapback. >> and markets rallying. >> to their best day. >> in a month. and then the president. >> sparks a rally in cryptocurrency. >> buckle up. >> it's monday, march the 3rd, 2025. >> this is worldwide exchange here on cnbc. >> good morning. >> thanks so much for being. >> here with us. >> i am. >> frank collin. welcome to. >> a critical day for. >> wall street and for your money, after a historic. >> showing in the oval. office on friday for what many people believe. >> was all the wrong reasons. >> you don't. >> have the cards right. now with us. you start having cards. >> cards right now you don't. >> are you playing cards? >> you're playing. >> you're gambling. >> with the. lives of millions of people. >> you're ga

now it's not in my habit to agree with the wall street journal, but tongue, they point out that even though you're a very smart guy, this is a very dumb thing to do. we to friends fighting is exactly what our opponents around the world want to see now, to my fellow canadians. i won't sugar coated. this is going to be tough. even though we're all going to pull together because that's what we do. we will use every tool at our disposal. so canadian workers and businesses can whether the store from expanding e i benefits and making them more flexible to providing direct supports to businesses. we will be there as needed to help the canada make no mistake, no matter how long this lasts, no matter what the cost, the federal government and other orders of government will be there for you. we will defend canadian jobs. we will take measures to prevent predatory behavior that threatens canadian companies because of the impacts of this trade war. leaving them open to takeovers, we will relentlessly fight to protect our economy. we will stand up for canadians every single 2nd of every single da

fear within wall street and on main street that this trade war could really get out of control. >> especially when main. >> street voters voted for him, in large part because of pocketbook and wallet issues. how much do things cost. at the grocery store? and by the way, every time people are going to restaurants, i'll say this for myself. i'm always seeing when i go out for breakfast a little tag on the menu that says, we're tacking on a 70 or 75 cent charge because the price of eggs is soaring. still at this point in trump's second term. there's also the ukraine piece of this as we're watching the administration realign towards russia. some lawmakers might be on edge about will there be more news, not just pulling military aid, but overall support for ukraine? any anticipation there from your reporting? >> yeah, i think the white house wants the. president to lay out some of his thinking on ukraine. he said yesterday when he was asked by reporters that he's likely to talk about this rare earth minerals deal that fell apart at the last minute when, you know, when the meeting went, went awry b

what is the wall street journal of this crazy story? and he side. and like, wow, sometimes frickin good story is a -- story. he did not say frickin. but you know you get my point. and so i mean, lucky me i had the say so from the top of the masthead to go to south carolina in the summer of 2021, when we didn't know. we didn't know. we didn't know about. $10 million in missing money from the poorest in south carolina. we know about the crazy yet to come side of the road shenanigans where alec murdoch either tried to kill or frame the person he wanted people to think killed maggie paul. there was a lot we didn't know. so i got the chance to go down to south carolina in the summer of 2021 and wouldn't you know? it's not just a great story it is the story of a lifetime, jim. and i've had a chance to talk to many of you tonight and several of you said, you know, i grew up in a small town or. i'm familiar with that dynamic. there are dynamics and small towns, particularly in the deep south, that are familiar. and so this story, this this this crazy double

uh, we heard the prime minister elena, cite the wall street journal editorial in today's wall streeturnal, usually a conservative editorial page. the headline is trump takes the dumbest tariff plunge. and it writes this. we've quoted mr. trump's ire by calling the mexico and canada levies the dumbest in history, and we may have understated the point. mr. trump is whacking friends, not adversaries. and, you know, it's interesting because this u.s. canada relationship, which has always been so strong, so powerful, has now deteriorated to where this is going on. >> it's stunning. and he he talked about the fact that this is exactly what our adversaries want to see. this deterioration of an alliance that has so much history. well. >> i want to bring in retired u.s. army general, former nato supreme allied commander wesley clark. he's joining us right now. general clark, thanks so much for joining us. let me first of all, get your reaction to prime minister trudeau's condemnation of what the trump administration is doing here. >> well, i think he's exactly right when he says that it's not

wall street sharing the stock with upgrades.o to neutral, increasing the price target to 7 from 1 so is -- 127 from10. walgreens boots alliance up 6% -- 7%, rather, after the wall street journal reported the pharmacy chain is closing in on a deal with private equity firm sycamore partners to take the company private. the price could be between $is 11.30-11.40 per share nor cash. it's right at $11 is right now. the total value of the rumored deal, between $9.76-9.85 billion. according to the report, the sides are aiming to complete this deal as soon as thursday. walgreens down more than 50% over the past year. walgreens boots alliance may be a higher, but tariffs have put a boot on the neck of the other retailers. the best best buy and target ceos say they may have to to raise prices and soon is. best buy having its worst day in five years, it's down 11.5%. target down 2.33%, and vf corp. down 5%. up next, we're headed out to the supermark to find out if and when -- supermarket to find out if and when we can get hit with stock --

that is the editorial board of the wall street journal. this is brian here in washington, d.c., good morning. caller: i think people need to check their history. the reason this is appearing is because the united states and western europe. when the soviet union broke up, they had the third largest arsenal in the planet. that is a big card. trump talked about five bases -- aces. forgiving up that, the west and the united states ended up taking the nuclear weapons agreed to protect and ensure ukraine's borders at their then current state in the early 90's. host: talking about the minsk agreement. take me to today and what america's role should be? caller: the united states, they said they would agree with that, they didn't. you had the one that zelenskyy talks about himself. why should ukraine agree to anything unless they put boots on the ground and have something to lose? right now, the only people losing is ukraine. all these things the west is doing. host: when you say they should have boots on the ground who are you referring to, the un

nbc's christine romans joins us with wall street's reaction.skating for over 45 years has taken a toll on my body. i take qunol turmeric because it helps with healthy joints and inflammation support. why qunol? it has superior absorption compared to regular turmeric. qunol the brand i trust. >> consumer cellular is lowering the price for those 50 and up. get two unlimited lines for $30 each. that's just $60 a month. so switch to the carrier ranked number one in network coverage satisfaction. visit consumer cellular com today. it still feels. >> like he's going to walk right in and sit down for dinner. >> i even. >> made his. >> favorite this week. >> are you okay? mom, are. >> you sure you're ready. >> to do this again so soon? >> honey? >> there's no place i'd. >> rather. >> be right now. >> than here with family. i was just worried i wasn't. >> going to. >> be. able to do this anymore. >> with the cost of the funeral, and. >> it was. >> so unexpected. >> but your dad. >> he always had a plan. >> what do you mean? >> he had a guaranteed accept

that is the editorial board of the wall street journal in today'ss edition. democrats..ia >> i think people need to justice history. it is united states and western europe. when ukraine came before, they have the third largest planet. that is a big part against russia then giving up their nuclear stockpile and agreed to protect and ensure that might. >> take me to today. >> agreement zelenskyy talks about himself. why should ukraine agree to anything? >> who are you referring to? >> everyone was under that agreement, ukraine and you know who i got it for they gave up their card the united states and other countries. >> republican. good morning. >> everybody needs to think back couple of years ago for whatever and left with nothing. a phenomenal negotiator and i think he realizes the dictator but is not going to try to get a peace deal. critical it is not going to do it. i watched the news conference the times. we will take care of security so obviously ukraine has security just have to trust trump. they don't realize it looks that. >> i think he handled it beautifully.

what is happening is that wall happening here is that wall street is trying pass street is trying torying to pass. , of ai white house its "we"; understand what exactly is going and how going on and how seriously should they take the of should they take the threat of 25% tariffs on two of the should they take the threat of 25% tariff biggest of the should they take the threat of 25% tariff biggest trading of three 77 " ”offtfreeof” w ”of ffir’e’e’éf’t’hi w w0} tifrwewewothhewbig partners of three of the big trading partners when you factor in china as well. it was a question i put tojimmy lee a'guestien'! put tat-“1 lee earlier a'guestien'! put ts j�*“�*r lee earlier to ask a'suestisn'! put ts j�*“�*r lee earlier to ask him a'suestisn'! put �*sj—�*w lee earlier to ask him why perry earlier to ask him why street was not more wall street was not more concerned why their concerned and why their was so muted to the response was so nnuted to the a- ..-- -. cc.-- . of tariffs? response was so nnuted to the a- ..-- -. w.-- . of tariffs? ff mam ~ tife § _ e — will ' whether he will follow w w

tariffs driving imports up and consumer is in the key here and relating to the dices connect between wall streetstreet and it's expanding and cassioppiivity in the economy has been decelerating and under pressure and saw the largest number of cop rat bankruptcy filings since the global financial crisis and wall street thumbed it z nose at it and moving higher and higher. coming over at mag 7 and when i left, they were down 12 mercer from their peak and they're in correction the leadership starting to crumble and it's a major problem for the booeder market and i think we may be in the tough sledding and going for the yawning gap of the perception of what's going on on wall street versus the reality being lived on main street. charles: can't hide it anymore, put it that way. thank you, my friend. always appreciate it. folks, sticking with that notion of sort of gaming out the economy. robert, boston dynamics spun off on mit in 1992 and you're at the forefront of this ever since and i remember seeing the videos like ten years ago and everyone was sort of nervous and walk us through quickly the rise

stuart: look who's here now, kim strassel from "the wall street journal". hear from trump tomorrow night? >> hi, stuart. i think he's going to spend some realtime talk about accomplishments and that's why this is important too and talking about doge and lawsuits and it's a opportunities for the president to talk about a lot of things like the border, his energy policy, what he's doing to cut regulations that will get to the growth that some of your prior guests were just talking a.c. those are the things we can expect and there's what i hope he does and look to the future and make the case on really important things that republicans are going to have to tackle. tackle if they want to move forward and fix things and medicaid reform and a opportunity for him to talk about a program that is deeply important to vulnerable people in the country but has been twisted by waste, fraud, duplicate spending and abuse and democrats are salivating to go after republicans on this, but they need to be able to make the case to cut the deficit and the tax policies to extend

no, it's not in my habit to agree with the wall street journal, but tongue, they point out that even though you're a very smart guy, this is a very dumb thing to do. now in mexico, president called you sean bomb and denounced the move by the white house saying, retaliated 3 taxes on us. goods will be imposed, emerald is ego responded. we have decided to respond with tariff and non tariff measures that i will announce next week. it is by no means our intention to start an economic or trade war, which unfortunately and regret debris is the opposite of what we should be doing. we should be integrating our economies more to strength in our region. and trump has doubled the tar some china to 20 percent spinning beijing for failing to come down on synthetic opioids, including fentanyl. in response, china announced additional tars of up to 15 percent on inputs of key us agricultural products, was $21000000000.00. the country has also expanded restrictions on 25 american companies doing business. the investor, avi has more a us president, donald trump has often pointed to financial markets a

we are moments away from the opening bell on wall street. so how's a new trade war going to land? we will soon find out together. and ukraine could run out of crucial artillery shells as soon as may. that is new reporting. and that's what the new reporting coming in on. how quickly the halt of u.s. aid to ukraine could be felt on the battlefield. >> maybe if he hadn't been such a, he would have gotten away with it. >> i'm still not sure that you're. >> repentant. >> united states of scandal with jake tapper sunday at nine on cnn. >> nobody's born with grit. >> rose is really struggling. >> it's something you build over time. it's 21 missed cuts in a row. for 89 years, morgan stanley has offered clients determination and forward thinking to create the future. only you can see rose back in the winner's circle. >> it's very. >> nice going, lou. nothing like a little confidence boost to help ease you back into the dating scene. of course, that also includes having a smile you feel good about. fortunately, aspen dental specializes in dentures and implants made just for you with afforda

as he cited the wall street journal opinion of the drums, propose that on canada, i would say the same thing on god. so there's a smart american president, but his proposal on guys is very, very dumb and i think and guy it will, it's becoming clear that it is a search. yeah, it's very clear that so that as many have said in the region that that would be an absolute red line. thanks very much. more on the show that in geneva. all right, well as well as booking all food fuel on medicine from entering cause a while, the seaside zoo is in limbo view and says that food prices have more than doubled in the strip as a result. rights groups have condemned the decision accusing israel of using salvation as a weapon of war. well, let speak to correspondence or to evelyn zone. he's life for us and con eunice in southern guns. the target, you've obviously yourself experienced the impacts of blockades by israel, not just during this will, but before, but what's the impacts of this latest, okay. especially during the month of ramadan, which is a false thing, month from us, names of the will. so are

we'll talk about it when we come back in the word on wall street next. you are watching "mornings with maria" live on fox business. stay with us. ♪ ♪ i have type 2 diabetes, but i manage it well. ♪ ♪ it's a little pill with a big story to tell. ♪ ♪ i take once-daily jardiance... ♪ ♪ ...at each day's start. ♪ ♪ as time went on, it was easy to see. ♪ ♪ i'm lowering my a1c! ♪ and for adults with type 2 diabetes... ...and known heart disease, jardiance can lower the risk of cardiovascular death, too. serious side effects include increased ketones in blood or urine, which can be fatal. stop jardiance and call your doctor right away if you have nausea, vomiting, stomach pain, tiredness, trouble breathing, or increased ketones. jardiance may cause dehydration that can suddenly worsen kidney function and make you feel dizzy, lightheaded, or weak upon standing. genital yeast infections in men and women, urinary tract infections, low blood sugar, or a rare, life threatening bacterial infection between and around the anus and genitals can occur. call your doctor ri

that was wall street ray dalio and founder of hedge fund.ke a heart attack and that was bernie sanders dodging the answer to that if americans could have done more. also, wall street pro mary meeker, let's show it. mary meeker warns the u.s. is in trouble. it's in a danger zone and mary meeker did call it a dot com crash and we have congresswoman nancy mace. always an honor and pleasure to see you again. do democrats need to get on board or are they getting on board? >> oh, they're absolutely not getting on board and they're blaming everything under the sun with trump derangement syndrome on donald trump and elon musk. everything that's gone wrong over the last four years put us in the very precarious position and they're blaming donald trump for or won't answer your question as you should just a few seconds ago with bernie sanders and it's really, you laugh and it's a joke and the people are elected and lying to the american people for four years liz: it's a democrat-run bureaucratic state in dc. liz: what do you make of the president addre

it's why the wall street journal was right to call it the dumbest.>> there are all sorts of details to northern border life that i'm now learning that i didn't know before, including today, that the state of maine, for example, virtually 100% of its gasoline and diesel fuel comes from canada. you have commercial fishermen in maine who are tanking up those tanks with diesel fuel, that the price is going to skyrocket on, not to mention the entire trucking industry. in the state of maine, private car ownership and commuting. all of that changes tomorrow. if donald trump does this, and this is an hour and a half left before it goes into effect, and as i say, it is so profoundly stupid. i can't imagine him actually doing it. >> well, let's hope not. you know, michigan, the same fuel we've got basically petroleum products coming across refined in detroit, going into cars in our state. it's going to raise the prices for folks immediately. and if we're worried about inflation, this is as inflationary as it gets. and it makes no sense. and i certainly hope th

"the wall street journal," "the u.s. vows to raise tariffs on three countries. mexico, canada and china. the china move slated to take effect tuesday along with the canada and mexico actions doubles up on the previous 10% additional tariffs that trump placed on chinese products this month." and then there is this in the business and finance section of "the wall street journal." "tariff threats hit s&p and nasdaq. fresh tariff threats and tech selloff dragged the stock slower with the s&p 500 surrendering the last of the gains for the year." are the two tied in your opinion and if so, why? guest: indeed. i think that the tariffs are starting to spook investors. it has taken time for that to happen and investors thought that the president when he was talking about tariffs, he did not mean that he would raise tariffs to the degree he is talking about now or to the extent that he is talking about. it appears with each passing day and announcement that the president is serious. we are going to see broad-based tariffs on a lot of different countries and products over

maria: time for wall street, investors watching money, joining the is shayna cicero and chris mcmahon the conversation. let's keep things open with the story of the moment and that is tariffs and investment in america. we have donald trump announcing $100 billion investment from taiwan semiconductor for 5 new us chp plants, bringing the total american investment one hundred $65 billion, here's donald trump yesterday. >> this will create hundreds of billions of dollars in economic activity and boost america's dominance in artificial intelligence and beyond, semiconductors are the backbone of the 21st-century economy and without the semiconductors there is no economy powering everything from ai to automobiles to advance manufacturing, we must be able to build the chips in the semiconductors we need right here, american factories with american skill and american labor. maria: donald trump understands that we cannot rely on our number one adversary for things like our pharmaceuticals. >> he sees a problem, it is amazing but it is great news almost $3 trillion in investments and nvidia wil

and the early reaction from wall street. >>> a new blow to ukraine overnight. president trump freezing military aid to the country, just days after his public clash with ukraine's president zelenskyy. what led to the pause. >>> a twist in the case against the man accused of opening fire on a crowd during a july 4th parade in a chicago suburb. why the suspected shooter is changing his plea. >>> remembering carl dean, a man who inspired "lene", dolly parton's touching tribute to her husband of nearly 60 years. >>> and still lives from new york. the portraits captured each week. it's tuesday, march 4. "early today" starts right now. >>> good morning. i'm frances rivera. we start with breaking news. a global trade war kicked off at the stroke of midnight. president trump's 25% tariffs on canada and mexico are now in effect. and tariffs on chinese imports have increased by 10%. nbc's alice barr joins me now from d.c. good morning, alice. what reaction are we seeing to this so far? >> reporter: good morning, frances. yeah, we are already seeing retaliation from china

why would why would the wall street journal just want to offend their their readers?don't know, maybe maybe they want a good. you know, maybe they're they're masochists. >> you know. >> i find that a good beating from their readers. >> i find that's the explanation behind many things. looking for a good? >> well, it's how i've stayed in employed for so long. >> yeah. all right. enough. up next, do royal plans include guards with fake hands? >> hello. i'm former arkansas governor mike huckabee. a lot of times, you can't control the amount of sleep that you're getting. i know it's scary unless you use relaxing sleep. relaxing sleep is a product that's made from natural ingredients, and it usually works from the very first night you try it. >> relaxing sleep is studied, tested, and designed by a neurologist to help you fall asleep faster, stay asleep longer, and wake up refreshed. >> relaxing. sleep worked. from the very first night i took it, i had more focus and mental clarity than i've had in years. >> i wake up feeling alert. and like i've had the best night's sleep.

. >> it's a focus on main street, wall street has done great. wall street can continue to do fine. but we have a focus on small business and consumers. so we're going to rebalance the economy, bring manufacturing jobs home, we're cutting red tape and regulations and we are going to get bank lending going again. >> dana: fox team coverage hillary vaughn on capitol hill. let's go to edward lawrence at the white house. good morning. >> good morning. we'll see how long the other countries will hold out. president trump betting the u.s. consumer can hold out longer than consumers in china, mexico and canada. at the foundation of all of this is president wants the flow of fentanyl to stop coming into the united states. to incentivize that he slapped a 25% tariff on all goods coming from mexico and canada. energy from canada is 10% tariff. the goods on china goes to 20%. >> president trump: it will be very cost lie for people to take advantage of this company. they can't come in and steal our money, take our jobs and businesses and expect not to be punished. they are being punished by tar

but a former member of the wall street journal editorial board, author of numerous bestselling books on economic history, many have gotten know amity shlaes through her work on the forgotten man, a new history of the great depression. she then worked backwards to, write coolidge, which i think it's fair to say is my favorite of those among all of them, to hear about coolidge and the application of the principles of the declaration, please welcome our chairman amity shlaes. i'm going to use my little if you can't hear me, wave your hands so okay. good day. thank you, ma'am. thank trustees. thank you, guests. i see, there's a kind of euphoria around inauguration time. it's euphoria that comes with the of change. even those who don't vote for the man didn't vote for the man who won or the lady who won feel that euphoria? maybe it's just curiosity that they have about it, but any case, things that seemed impossible a year before now seem possible possible. but of course, what's possible is only possible for a while. three years into a presidential term, the world narrows the impossible s

there is worry on wall street. some jittery feelings the market didn't handle things well today on a number of different fronts. here's the president talking about the tariffs on canada and mexico. >> is there any room left for canada and mexico to make a deal before midnight and should we expect those chinese tariffs 10%. >> no room left for mexico or canada. no, the tariffs, you know, they are all set. they go into effect tomorrow. >> bret: a lot of people thought that was it. atlanta fed had g.d.p. model analyzed growth in the current quarter at minus 2.8% today. down from plus 2.3% last week. a month ago that model showed plus 4.0. we have seen those fluctuations before. but that, i think, added to the jitters on wall street. >> brit: that's a pretty striking fluctuation for the atlanta fed there, bret from. a plus 4 to a minus 2.8% that would rattle -- if i were heavily in the market, i would be rattled by that, too. not to mention that probably, to some extent, at least a reflection of the tariffs going into

part is just as important as the wall street reform part.as 10 for tenant getting my amendments in the dodd frank bill. barney frank made an observation when members of congress came and said how in the hell did this happen, why is it okay that people signed these things. he said i tell you what, if you ask who is in charge, who was in charge of consumer protection, it was the federal reserve. barney's observation is if you are serious about that, you know , the federal reserve is not the right organization. you need people like you that drive to work every day thinking about how to protect people against fraud. that is what we are fighting for so, you know, i have to confess i will not be able to finish this with a great rhythmic cheer i bring all the charisma to this job but i just want to thank everyone of you who spent the last decade and more making life better for ordinary americans. we are on your side. >> thank you. let us work. let us work. let us work. let us work. let us work. >> a new representative from california. one question,

european markets are also lower on the heels of the big selloff on wall street, the dax index in germany is down 494 points almost a 2.1% lower on the dax. s&p 100 and monday down 28, the cat con 101 and a quarter percent. in asia overnight markets finish mostly lower take a look at the asian embassies were the worst performer overnight, japan, nikkei average downward into quarter% back at home the house and senate sending a letter to the treasury secretary scott bessent demanded the vice chairman for supervision be filled at the fed after my exclusive reporting that the federal reserve chairman jay powell is lobbying to exhort the rule a trump administration expected new bank supervisor we will get to the latest. all morning long wealth advisor president chris mcmahon the federalist correspondent and fox business cheryl casone. "mornings with maria" is live right now. let's kick it off with a hot topic of the hour. president trump following through on the tariff promise yesterday as levees against canada, mexico and china took effect last night at midnight due to the country's failure t

which have joined the wall street selloff that we saw yesterday.ulling back about 1.7% similar to. the cac 40 also in the red. after a european equity outperformed once again yesterday. docs rallied 1.2% yesterday, the strongest daily performance since november 2022. jim reed in his morning note to clients, from a marketing standpoint the sentiment around europe is phenomenally positive right now. that is the backdrop heading into today. yes we are seeing european equities react natively to the confirmation of tariffs from the trump administration on mexico, canada, china. but overall, european investors are very bullish about what this new spending paradigm might mean for european growth and markets. we are looking at a rebound from the selloff we saw yesterday. the nasdaq add back about 47 points, now flat for the dow and s&p. let me remind you, this is after a dismal day on wall street yesterday when the dow tumbled 800 points, the s&p and nasdaq both off more than 1.5%. the nasdaq down more than 2% so we had a rough day yesterday and looks like

of the american wall street journal as the dumbest trade war ever. right, that i think kind of sets the size set. so see here pretty well. and canadians, i believe it even totally in school, that canadian and american style shoulder to shoulder. how much of a shock has this move by trump, by the united states? been a drug. trump is a very difficult player, as, as you know, in the middle east too. as well, whether it's jazz, so whether it's the panama canal, whether it's just musings on greenland or, or on, on canada, it's usually about power and it's about exertion. it's, it's not a clear deacon nomic play. you can really say what it is he wants, but i will tell you this will cause prices to go up. it will cause inflation. it will be bad for consumers on the american side. it will be bad for consumers on the canadian side. so hopefully we'll be able to do the escalate this and hopefully we'll be able to make progress on the issue of the coming weeks. you mentioned that comments about don. i mean, do you think that cooling trump starves move dom as to

the announcement had stocks plummeting on wall street today. the renewed fears of a possible trade war come as the president is preparing a speech to congress tomorrow night. abc news reporter melissa ogden explains the tariff affects. >> the bell closing on wall street monday, capping off a tough day for investors after president trump announced a 25% tariff on goods from canada and mexico will go into effect tuesday. >> they can't come in and steal our money and steal our jobs and take our factories and take our businesses and expect not to be punished, and they're being punished by tariffs. >> trump also amending his executive order on tariffs impacting chinese goods, raising those to 20%. promising that tariffs on imports would lead to more jobs, higher wages and lower prices. economists say the cost would be paid by american businesses, who will pass it on to consumers by raising prices. the owner of michigan based clothing apparel skinny tees, says she's already concerned. >> people don't understand your zipper, your buttons, your thread,

the news triggering a sharp sell off on wall street, where the dow lost close to 650 points. s&p 500 posting its biggest losses since december. and what about your bottom line? here's nbc bay area's thom jensen. reporter these 25% tariffs will be felt nearly everywhere. it's unavoidable, according to experts, because the u.s. imports more than $900 billion in raw materials and goods annually from canada and mexico combined. on the evef the new tariffs against canada and mexico, president trump promised americans will recover quickly. we may have short term some little pain, and people understand that. but long term, the united states has been ripped off by virtually every country in the world. he said tariffs of 25% against mexico and canada, and a 10% increase in china imports, will move forward on tuesday. bay area consumers are preparing for more financial pain. eggs are already $8 a dozen, so i don't know. we'll see what happens. we're going to start to figure that out in the next few months. it's ugly. way more than the price of avocados. the viewers need to know that th

the announcement had stocks plummeting on wall street today. the renewed fears of a possible trade war come as the president is preparing a speech to congress tomorrow night. abc news reporter melissa ogden explains the tariff affects. >> the bell closing on wall street monday, capping off a tough day for investors after president trump announced a 25% tariff on goods from canada and mexico will go into effect tuesday. >> they can't come in and steal our money and steal our jobs and take our factories and take our businesses and expect not to be punished, and they're being punished by tariffs. >> trump also amending his executive order on tariffs impacting chinese goods, raising those to 20%. promising that tariffs on imports would lead to more jobs, higher wages and lower prices. economists say the cost would be paid by american businesses, who will pass it on to consumers by raising prices. the owner of michigan based clothing apparel skinny tees, says she's already concerned. >> people don't understand your zipper, your buttons, your thread,

well, i can tell you the wall street journal, which tends to be a very conservative paper. they're editorial today said that these chairs are the dumbest in history. and that, that might be an understatement. we saw as she i was talking about the stock market used to be very important to us president donald trump. dow jones industrial solve 1.5 percent yesterday. it is doubt almost by that much as of right now in the trade ins only been happening for a couple of hours. so, so we are, so are hearing from farmers, they were already hurting because of all the cuts to usa, i g does tens of billions of dollars of money that was paid to us farmers. they know that this is what's going to happen because china did this last time and in 2018, 2019. the us government had to spend about $28000000000.00 balance out the farmers . now donald trump doesn't seem to realize that he has put out statements, telling the farmers that they are going to really enjoy selling all of their products in the united states when the reciprocal tear of take place in april. writing have fun. that's not how

wall street journal reporter. >> alan colson, thank you so much. his latest piece for the journal is available. online now. so he suggested that perhaps donald trump is underestimated how difficult it is to make peace with the russians and maybe underestimated vladimir putin himself. if that's the case, there's a long history of american leaders from fdr through jfk and george w bush, through barack obama and donald trump, who have underestimated russian leaders specifically here, vladimir putin. what is the impact of that? and i'm curious, what's the impact of europe coming together this weekend? >> well, i think the most interesting thing. >> that's happened since the. >> meeting in the white house. >> is starmer and trump. >> talking about. >> the europeans now having ownership. of what a cease. >> fire deal. >> is going to look like. starmer has told. >> trump. >> i'm going to. >> present that. >> to you. >> after having discussed. >> with. >> the ukrainians and the europeans, trump is now. expecting that. >> there's a. >> lot of talk about. >>

and people on wall street. >> are wondering. >> is there now this. to go through? and if they don't go through that process, are they going to be targeted? and i think there's some questions now about is how is wall. street reacting to this. and we're seeing, you know. >> since the inauguration the. stock market. >> is down. >> and more questions about how business is. >> going to work if they're not clear. >> sets of laws and. >> rules. >> or maybe if you have, you know, the appropriate number of zeros on that check you, a whole lot of stuff can disappear, which is, you know, part of what the problem is when you have corruption and grift being the order of the day, particularly in the space where that involves big corporate actors and consumers. and so you have the reaction of senator elizabeth warren from thursday during the senate banking committee hearing with the cfpb director, jonathan mccarren. let's listen to what elizabeth warren had to say. >> nobody is. >> helped by shutting. >> down the. agency except big banks, con men and rip off artist

here's how the murdoch owned wall street journal editorial page put it over the weekend. they wrote this quote it's clear that president trump has designs for a new world order. does he want deals with russia and china to carve up the planet? he should tell americans in ukraine, zelenskyy told ukrainians where he stands, saying that the end of their war with russia is, quote, very, very far away. that prompted president trump to fire back. he posted earlier today, quote, america will not put up with it for much longer. and then the president had this to say at the white house just a short time ago. >> i just think he should be more appreciative because this country has stuck with them through thick and thin. we've given them much more than europe. >> all of this, of course, raises the question of who will end up at the table negotiating the end of this war. >> president zelenskyy stood and fought for for ukraine, but churchill was also voted out of office in 1945. he was a man for a moment, but he did not then transition england into the next phase. and it's unclear wheth

the conservative wall street journal editorial board is warning that trump seems mainly concerned with rehabilitating putin in world councils. over at the pentagon, we're told that under the trump administration, the relatively new defense secretary has ordered the suspension of offensive cyber operations against russia. that's one of those things that the united states has done, trying to level up or have consequences without starting a hot war, the times reports. it's part of a broader effort to draw putin into talks on ukraine and a new relationship with the u.s. under trump. now, as with so many things, donald trump, you get some people who say, well, if he did it, it's bad. you get some people who say, if he did it, it's okay. and that's not really a good way or an honest way for us to all deal with this. i've told you in other reports there are things that trump administration has done that may work for certain people in certain ways. there's other things they've claimed they're going to do on immigration where they're not succeeding. they're deporting fewer people in these first

standing by to see now how wall street reacts after china and canada retaliated overnight, and hitting everything from meat and vegetables to the cars you drive. so stand by. president trump slamming the brakes also on aid for ukraine. what does kyiv where does kyiv go from here? ukrainian military leaders say it's time for europe to step up. and new orleans security ramping up on this fat tuesday as severe weather forces bourbon street to rethink mardi gras parade plans. sarah is out today. i'm kate bolduan with john berman. this is cnn news central. >> all right. breaking this morning, we are standing by for u.s. markets to open. this is a live look at stock futures. you can see these are big ish losses in the futures market. after huge losses yesterday. some of the biggest of the year. this morning there is a trade war between the united states and its three largest trading partners china, mexico and canada, all responding to these new tariffs from president trump and global economies. they are rattled. the rupert murdoch owned wall street journal calls the president's move, quote,

and i'm quoting now from the wall street journal, we've quoted mr.trump's ire by calling for mexico and canada levies the dumbest in history. and we may have understated the point. mr. trump is making friends, not adversaries. close quote. how does he explain these tariffs to americans already suffering from >> i always trust president trump. i've seen him personally on the campaign trail as he has negotiated. it is impressive to see. obviously we hear what's being reported in the media. but what i can tell you he is a fierce negotiator who will put america first, who will put the american people first. >> and that is what he's doing as he's putting tariffs on canada, on mexico, on china, to make sure that we stop these illegal and illicit drugs. who are the number one killers of americans ages 18 to 40? making sure that we put a stop to that. he has a lot of issues that he is wrangling with all at the same time. of course, he was handed a lot of problems from the previous administration. he is tackling them all at once, and we've already seen whethe

. >> no, it's not in my habit to agree with the wall street journal. but, donald, they point out that even though you're a very smart guy, this is a very dumb thing to do. >> let's talk about this now with roben farzad, business journalist and host. for full disclosure. robin, great to have you. you hear trudeau there announcing, as he did as part of his remarks, 25% tariffs on $155 billion on u.s. goods. how are americans going to feel that? how quickly are they going to feel it? >> they're already feeling it. if you look at the bond market's reaction, if you look at the stock market's reaction, if you see retailers coming out there and saying it's going to hit us, it's going to hurt us. certainly at a time when consumer sentiment has been trending lower and inflation is still not fully in the rear view mirror, i mean, you don't have a lot of wiggle room for things like this. so it's really a rorschach and how you want to look at things. we're still in the opening innings of this, and there's a lot of of bluster and banter going back and forth, but at

the 25% tariffs, which went into effect at midnight, led the conservative rupert murdoch owned wall street journal to publish this house editorial today titled trump takes the dumbest tariff plunge, unquote, and garnered these strong words from canada's outgoing prime minister justin trudeau. >> no. >> it's not in my habit to agree with the. >> wall street. >> journal. >> but, donald. >> they point out that even though you're a very smart. >> guy. >> this is a. >> very dumb. thing to do. >> a major goal of tonight's address on capitol hill is for the president to connect his early, frenetic pace of moves to the lives of everyday americans, according to one adviser. will that include the gutting of many governmental agencies by elon musk and the department of government efficiency, or doge? we'll have to see. beyond domestic issues, how will president trump explain his strategy with ukraine and russia? ahead of the speech, ukrainian president zelenskyy wrote a conciliatory note on social media and released a video late today appealing for, quote, respectful dialog with the united states. th

jason miller. >> well, god bless the wall street journal.s we saw from president trump's first four years in office, that's not what happened at all. in fact, the president had 1.4% inflation rate, nearly a record low during his first time in office. even with the tariffs that were put into place. and what's going to happen is interrupt. >> but do you get the sense, though, that the tariffs will have to be discussed, meaning that he'll have to say to the american people there could be some pain ahead? >> well, actually, i would say that he's going to lean into it and he's going to talk about how increasing tariffs can actually go and close the trade deficits, which january, we saw a record trade deficit, particularly when it comes to countries such as canada, mexico, china. and how if we don't go and do this now, we're going to be completely wiped out by certain industries here in the united states, the states. the other thing, too, is that ultimately, the costs on this are going to be carried by the producers and the foreign countries as op

now, it's not in my habit to agree with the wall street journal. but donald, they point out that even though you're a very smart guy, this is a very dumb thing to do. we two friends fighting is exactly what our opponents around the world want to see. and now, to my fellow canadians, i won't sugarcoat it. this is going to be tough. even though we're all going to pull together because that's what we do. we will use every tool at our disposal. so canadian workers and businesses can weather this storm from expanding e.i. benefits and making them more flexible to providing direct supports to businesses. we will be there as needed to help. but canada, make no mistake, no matter how long this lasts, no matter what the cost, the federal government and other orders of government will be there for you. we will defend canadian jobs. we will take measures to prevent predatory behavior that threatens canadian companies because of the impacts of this trade war, leaving them open to takeovers. we will relentlessly fight to protect our economy. we will stand up fo