Good morning. Today is Tuesday, February 11th, I'm Rina Sherble, filling in for the irreplaceable Julie Morgan.

Our top stories today, GameStop eyeing Bitcoin, Trump signs new tariffs order, and

Open AI not for sale. Stock index futures slipped on Tuesday as President Donald Trump

signed an order imposing 25% tariffs on steel and aluminum. SMP, NASDAQ, and Dow futures were all down. S&P down 0.2%,

NASDAQ.4%, and Dow futures down 0.1%. The 10-year treasury yield rose to basis points to just

over 4.5% and the two-year treasury yield was flat at just under 4.3%. As investors now look ahead towards

federal reserve chair Jerome Powell's testimony and key inflation data that's slated to be

released later in the week, Wall Street's major averages concluded trading on Monday in positive

territory. Dojia banks, Jim Reed, said the tariff news has continued to build over the last

24 hours, but risk assets got the week off to a solid start. On Monday, Trump signed the executive

orders after hours, imposing 25% tariffs on all steel and aluminum imports into the U.S.,

canceling all exemptions and duty-free quotas for major

suppliers, Canada, Mexico, Brazil, and other countries. UBS's Paul Donovan said,

Trump stated there will be no exemptions to aggressively taxing U.S. buyers of foreign metals.

If there is no retreat, this will reduce U.S. Steel consumers' competitiveness

via higher import and domestic costs. Retail consumers are less likely to notice the tax

unless job losses are explicitly linked to it. Bidu CEO Robin Lee said investment in data

centers and cloud infrastructure is still required in spite of the cost

efficiency shown by deep seek compared to the large AI models Reuters reported.

Lee said at the world government summit in Dubai, according to the report, the investment in

cloud infrastructure is still very much required. In order to come up with models that are

smarter than everyone else, you have to use more compute. Soaring nearly 10% on Monday was GameStop,

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