The administration focuses on farming, computer data farming. I'm David Brancaccio. First published reports say the Trump administration intends hopes to, expects, to raise China tariffs by 10%, possibly in February, but again, no new tariffs yet. As of now, the S&P 500 is up 2.6 percent years so far, a solid

showing given they've only completed 12 trading sessions since New Year's. Right now, the S&P is

up half a percent. The Dow is up 70 points, two-tenths percent. The NASDAQ is up 1.2 percent.

Today, the bounce can be traced to quarterly profit reports that are coming out about fall into winter,

and this sense this morning at least that those import taxes won't happen all at once.

Susan Schmidt is portfolio manager at Exchange Capital Resources.

This is where investors are starting to pick up on what tariffs could potentially mean.

We've heard some comments from big CEOs out of the Economic Forum in Davos, Switzerland, that's

happening right now. And they're picking up on the fact that tariffs can be used as a bargaining

tool. Instead of tariffs being negative, where they think it might be positive is that

bargaining tool bringing manufacturing

back into the U.S. So while we've been talking about tariffs immediate implementation, now it's

being pushed back to February 1st, and that leads to more discussions and potentially more

negotiation between now and then, which could be really good for business.

All right. And I did the calculation. The S&P 500 is up 2.6% for the year. I mean, the year's only about 12 or 13 trading days so far. But that's a pretty good

showing for essentially a couple of days. Where's the strength coming from as all these companies

come out with their profit reports?

That is a good showing, and that's a lot of sentiment around the election and potential policies from the Trump administration.

But the market is seeing companies report earnings. We've seen strengthen the consumer.

Just last night and this morning, we've heard from Netflix, United Airlines, P&G, all of those companies continue to talk about better than expected earnings, better than expected revenues, and that's all because spending from the consumer has been so strong.

Netflix stock is up 13% right now. A group of tech companies has announced plans to spend big on computer farms to power artificial intelligence. Half a trillion dollars is the four-year price tag says. President Donald Trump, who announced a venture called Stargate. Now the huge server farm upgrade may sound familiar. Marketplaces, Nova Safo is here with more.

Well, David, let's start with the two big names involved in this venture. OpenAI, the chat GPT maker, and SoftBank,

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