Wednesday marks day two of President Trump’s 25% levies on Mexico and Canada. In his joint address to Congress, the President warned about “a little disturbance” as American industries and neighbors digest his administration’s tariffs. CNBC’s Eamon Javers reports on the rest of the news out of Tuesday’s address, and Phil LeBeau reports that the administration may consider a delay on tariffs for autos. Former US Ambassador to Canada Bruce Heyman explains the toll tariffs may take on the longstanding relationship between neighbors, including social and economic ties. The friction between the U.S. and Canada extends to the ice; National Hockey League Commissioner Gary Bettman discusses the cross border relationships in sport and in finance.

Eamon Javers - 9:48

Bruce Heyman - 19:32

Gary Bettman - 29:12

Phil LeBeau - 37:12

In this episode:

Phil LeBeau, @Lebeaucarnews

Eamon Javers, @EamonJavers

Robert Frank, @robtfrank

Michael Santoli, @michaelsantoli

Becky Quick, @BeckyQuick

Katie Kramer, @Kramer_Katie

President Trump’s tariffs on Mexico and Canada take effect today. Target CEO Brian Cornell sits down with Becky Quick to discuss the impact they’ll have on his business and on price tags for consumers; Cornell warns, costs at checkout will likely go up, and soon. While U.S. stocks and investors waver on the new trade rules, U.S. Commerce Secretary Howard Lutnick explains the long term vision for “fair” trade, as well as the price the Trump administration is willing to pay to curb fentanyl’s flow into the country and bring more manufacturing stateside. Plus, President Trump has paused all U.S. military aid to Ukraine.

Brian Cornell - 14:50

Howard Lutnick - 31:48

In this episode:

Becky Quick, @BeckyQuick

Joe Kernen, @JoeSquawk

Cameron Costa, @CameronCostaNY

The markets ended February on a low note as investors digest global and domestic uncertainty and prepare for tariffs set to take effect on Tuesday. Cryptocurrency, however, has rallied on President Trump’s announcement of a strategic crypto reserve. In the aftermath of the heated discussion between President Trump and Ukrainian President Zelenskyy, author, editor, and international affairs professor Nina Khrushcheva examines the U.S. agenda and next steps for Russian President Putin. Hayman Capital Management founder Kyle Bass considers Ukraine’s geopolitical position and the shift in war sentiment among conservatives in the United States. Plus, Anora took home 5 awards from Sunday’s Oscars. Puck founding partner Matt Belloni discusses the other winners, the surprises, and the streaming factor in this year’s Academy Awards.

Megan Cassella - 07:23

Nina Khrushcheva - 12:57

Kyle Bass - 21:11

Matt Belloni - 31:45

In this episode:

Matt Belloni, @MattBelloni

Kyle Bass, @Jkylebass

Megan Cassella, @mmcassella

Melissa Lee, @MelissaLeeCNBC

Joe Kernen, @JoeSquawk

Cameron Costa, @CameronCostaNY