Hey, it's Kramer, and this is my morning take on the market from today's CNBC Investing Club morning meeting.

We have a lot to talk about.

Until, by the way, I want to make this clear, until the president said he was going to put,

a jump to the tariffs double for stealing and for aluminum.

The market was going to rally.

And today's a pivotal day.

I don't know if he destroyed the rally.

There has to be something that said within the next hour or two from Carney saying,

listen, we want to talk because he will shut down the auto industry.

Most of our imports do come from Canada for both steel and aluminum.

These are the most significant tariffs to these measures.

And it's tariff rhetoric moving in the wrong direction, right?

The market wants to see some type of resolution.

They want to at least maybe see some of these measures put on and no change over a period of time,

but it's still very much in flux, and that's creating uncertainty.

And that's why you saw the drop in the market.

Well, Trump's creating recession for Canada right now,

because the Canadian auto very important.

A Canadian woman of steel very, very important.

He does wood next, and the housing industry goes, our housing industry,

because that means the gross margins go down very quickly.

I do say that NASDAQ, that NASDAQ has to lead us. I'm not as interested in, our housing industry because that means the gross margins go down very quickly.

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