*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."
Tech companies of all sizes are showing off their latest gadgets at CES 2024 in Las Vegas. And that includes new technology that's changing the world of food and drinks.
Matt Hougan, CIO of Bitwise Asset Management, gives Cheddar the latest on the Securities and Exchange Commission approval of bitcoin ETFs. Hougan calls this time a 'potential major milestone for bitcoin.'
LeBron James has agreed to an exclusive deal with Fanatics Collectibles. James and his son, Bronny, will appear together on a unique sports trading card to herald the Los Angeles Lakers superstar’s new multiyear partnership with Fanatics.
Joe Zhao, Managing Partner at Millennia Capital, joined Cheddar to discuss the latest stock moves and how the market is being impacted by artificial intelligence.
Wall Street was quiet early following a lackluster session a day earlier as markets await U.S. inflation data and high-profile corporate earnings reports later in the week.
The World Economic Forum says false and misleading information supercharged with cutting-edge artificial intelligence is the top immediate risk to the global economy.
CES 2024 starts this week in Las Vegas. It's set to feature swaths of the latest advances and gadgets across personal tech, transportation, health care, sustainability and more. Here's a list of the coolest announcements so far.
