The macro backdrop appears murky as President Trump sets a 50% tariff on Canadian goods, paired with lasting tensions between the U.S. and Iran pinning pressure on crude oil. Alex Coffey discusses the key points to keep in mind and how it affects Tuesday&#x27;s trading session. In equities, he talks about reports saying TSMC (TSM) will raise its chip prices in 2027, though it&#x27;s not dampening price action. Nvidia (NVDA) added assurance to the tech trade by announcing a 9.3% passive stake in Nebius (NBIS). ======== Schwab Network ======== Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribe Download the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185 Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7 Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watch Watch on Vizio - https://www.vizio.com/en/watchfreeplus-explore Watch on DistroTV - https://www.distro.tv/live/schwab-network/ Follow us on X – https://twitter.com/schwabnetwork Follow us on Facebook – https://www.facebook.com/schwabnetwork Follow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about

50% Tariffs Hit Canada, TSM Raising Prices & NVDA Boosts NBIS Stake

Schwab Network

Let's bring in Alex Coffey, co-host of NextGen, to help set up the action today. Alright Alex, before we get into these earnings, let's talk big picture on the geopolitical front, exchanging of strikes between the U.S. and Iran once again. And it feels like the market's trying to price out whether we're escalating or de-escalating. It feels like escalating is the top of the agenda today, but what's your read through? Yeah, 10th straight day, Diane, as you mentioned in terms of strikes.

But there is diplomatic conversations ongoing, hoping to ultimately restore the ceasefire. Now the big new thing is something that you mentioned as well, which is the Yemen-based Houthi rebels threatening the maritime blockade of Saudi Arabia, as Saudi did divert a fair amount of the oil supply through, I believe it's the Red Sea, where they're threatening

that blockade. So when you look at that, that's another new potential bottleneck and choke point for the world's oil supply. Now this isn't the first time that the Houthi rebels have done something like this happened in the last couple of years as well. And the first time that happened really did dramatically change the amount of traffic that went through that Red Sea area. So

that's a new kind of front, I guess we could say, to monitor in this conflict. Okay, new front to monitor in the conflict. Let's talk the latest on tariffs. It feels like those are back on the table. This time targeted tariffs. So what's the latest here? Yeah. So the Trump administration announced a new 50% tariff on select Canadian goods, citing what it views as discriminatory treatment of U.S. alcohol, dairy and auto exports. Tariffs would apply to

50% Tariffs Hit Canada, TSM Raising Prices & NVDA Boosts NBIS Stake

Read the full transcript

The candid version is on a podcast,
not the earnings call.

50% Tariffs Hit Canada, TSM Raising Prices & NVDA Boosts NBIS Stake

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.