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's trading session. In equities, he talks about reports saying TSMC (TSM) will raise its chip prices in 2027, though it's not dampening price action. Nvidia (NVDA) added assurance to the tech trade by announcing a 9.3% passive stake in Nebius (NBIS).