*By Carlo Versano*
Markets were higher across the board Monday after President Trump announced his framework for a trade deal with Mexico that he hopes will replace NAFTA. The Nasdaq marked its first-ever close above 8,000, and the Dow rose more than a percent, crossing the 26,000 mark for the first time since Feb. 2.
The announcement from Trump in the Oval Office ー with Mexican President Enrique Peña Nieto on the phone ー could ease concerns among American manufacturers that the administration's tough stance on trade could scuttle the chance for a reworked NAFTA deal.
Trump said Monday that he wanted the new agreement to be called the "United States-Mexico Trade Agreement."
"NAFTA has a lot of bad connotations for us, because it was a rip off," he said.
Canada has stayed conspicuously absent from this round of negotiations. No foundation with the Canadians was established for an expanded North American deal.
President Peña Nieto [tweeted](https://twitter.com/EPN/status/1034089218220249088) that he was angling to get the Canadians back to the table. Trump said "we'll see" if Canada can be part of an expanded deal.
A spokesman for Canada's foreign minister replied: "We will only sign a new NAFTA that is good for Canada and good for the middle class. Canada’s signature is required."
Online retailer eBay Inc. will cut about 1,000 jobs, or an estimated 9% of its full-time workforce. The announcement follows similar moves by other tech companies that ramped up hiring during the pandemic while people spent more time and money online.
Tony Drake, CFP at Drake and Associates, LLC shares thoughts on whether the record gains in technology will broaden to other sectors, the risks of the Fed keeping interest rates higher for too long, and the health of the U.S. consumer.
The Federal Trade Commission ruled that Intuit engaged in deceptive practices by running ads claiming consumers could file their taxes for free using TurboTax — when many taxpayers did not qualify for such free offerings.
WWE’s weekly television show, “Raw,” will move to Netflix next year as part of a major streaming deal worth more than $5 billion. WWE, which is part of TKO Group Holdings Inc., said Tuesday that “Raw” will air on Netflix starting in January 2025.
Propublica national reporter Peter Elkind shares details on his investigation into how scammers stole over $1 billion using Walmart's gift cards and financial services, and how consumers can protect themselves.
Ed Siddell, CEO and Chief Investment Advisor at EGIS financial explains why election years tend to cause bull markets, the latest inflation data, and why he’s concerned about the ‘debt bubble.’
Archer Aviation founder and CEO Adam Goldstein shares big news about the aerospace company's new partnership with NASA and why they want to make your trip to the airport just five minutes long.
