CNBC Daily Open: Trump says stocks "want the tariffs" — but it might be Treasurys instead

Labor Day successful the U.S., which took spot Monday, marks the unofficial extremity of summertime — which means saying goodbye to the committedness of each beingness could beryllium and erstwhile again squeezing it to acceptable the 4 walls of the office.

But determination was idiosyncratic anxious to get backmost to work: U.S. President Donald Trump. (Not that helium appeared to instrumentality a summertime abrogation astatine all, arsenic CNN reported.) Trump said Tuesday helium volition petition an "expedited ruling" from the Supreme Court to overturn a national appeals tribunal determination that astir of his tariffs were illegal.

The White House person blamed that ruling for the fall successful stocks Tuesday. "The banal market's down due to the fact that of that, due to the fact that the banal marketplace needs the tariffs," helium said. "They privation the tariffs."

It's a debatable assertion, fixed that stocks sank after Trump announced his "reciprocal" tariffs connected that fateful April day, and surged — successful 1 of the biggest rallies successful history — pursuing a intermission successful the implementation of levies.

However, Trump is perchance close successful 1 facet of the marketplace benefiting from tariffs: Treasurys. The output connected the 30-year enslaved nearly touched 5% arsenic investors, fearing a deed to the U.S. government's coffers if deprived of tariff revenue, demanded much returns for lending to a White House already persistently successful fiscal deficit.

Google volition beryllium allowed to support Chrome, tribunal rules. However, U.S. District Judge Amit Mehta said that Google cannot person "exclusive" contracts to preload its products, specified arsenic making Google Search the default hunt motor connected Apple's iPhones.

Kraft Heinz to divided into 2 companies. Formed from a $46 cardinal merger, the nutrient institution is expected to separate successful the 2nd fractional of 2026. Warren Buffett, whose Berkshire Hathaway helped orchestrate the merger, said helium was "disappointed."

Musk says astir of Tesla's worth volition travel from Optimus. That's according to a post connected X that Tesla CEO Elon Musk wrote Monday. Tesla income are experiencing a slump, and it's lone begun investigating robotaxis, lagging down rivals specified arsenic Waymo and China's Baidu.

U.S. stocks slipped Tuesday. Major indexes fell, dragged down by declines successful Big Tech names. Treasury yields spiked connected the imaginable of the U.S. having to refund tariff revenue. The Stoxx Europe 600 fell 1.5% successful its worst league successful a month.

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