Welcome to closing bell. I'm Mike Santoli in for Scott Wapner today. This make a break hour

begins with stocks tethered to tariff talk with the indexes rallying hard from a sharp early spill

as initial fears of immediate tariffs on Canada, Mexico, and China imposed by President Trump

were eased somewhat by a tentative agreement to delay the Mexico action by 30 days and a plan for talks with Canada this hour.

Here is the scorecard with 60 minutes left in regulation.

The S&P 500 up more than 1% from the morning lows, now down just four tenths of 1%.

The Dow going green after opening lower by more than 600 points you see it just there

above the flat line the NASDAQ has been the laggard all day it remains so it's down about

three quarters of one percent pressured by invidia apple and Tesla all of them seem perhaps

as net losers if 10% tariffs on trying to take effect. Even there, though, the loss is

pretty modest in the composite. That takes us to our talk of the tape. Just how vulnerable or

insulated is the U.S. economy under various tariff scenarios? And is it even correct to view trade

policy as the major swing factor for stocks? We will discuss that with our panel of investing

experts. But first, let's get to Emily Wilkins with some news on the Treasury's debt issuance

plan. Emily? Hey, Mike. Yeah, we just heard from the Treasury announcing today their plans for the

two upcoming quarters. For this first quarter of 2025, they expect to borrow $815 billion in that first quarter.

That is $9 billion less than what was announced in October of last year.

And then moving on to Q2, April through June,

they expect to borrow $123 billion.

Of course, that's much smaller because Americans and companies

will be paying their taxes,

hence the need for Treasury to borrow less. Mike? All right, Emily, those are the amounts we're

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