CNBC Daily Open: The S&P 500 hits a high — but as Trump gives, so can he take

Something I rarely, if ever, say: What a fantastic Monday morning!

On Friday stateside, the S&P 500 broke its erstwhile record. Celebrations were shared with the Nasdaq Composite, which besides deed a caller high. The tech-heavy scale enjoyed a liftoff from Nvidia and Microsoft, some of which reached all-time highs (and astir apt made immoderate insiders astatine Nvidia multi-millionaires implicit the past month).

Tariff alleviation buoyed sentiment successful markets. China announced it had finalized details of its deal with the United States. And adjacent though U.S. President Donald Trump's "reciprocal" tariffs are owed to footwear successful (again) 1 week later, helium suggested that his medication "can bash immoderate we want" regarding the 90-day pause.

Postponing the instrumentality of those tariffs would springiness investors further cheer and enactment different feather, possibly of the chickenhearted variety, successful their caps.

That said, arsenic Trump giveth, truthful does helium taketh away.

The S&P 500 was up arsenic overmuch arsenic 0.76% astatine 1 constituent during Friday's trading session, but stumbled aft the U.S. president slammed the doorway unopen connected commercialized talks with Canada implicit its integer services tax.

Investors took the quality successful their stride. The scale lone dipped slightly, but that nevertheless shaved disconnected immoderate gains.

U.S. markets unfastened conscionable earlier Asia heads to bed. May it beryllium successful Trump's quality to beryllium a giver, to get Chappell Roan's words — truthful Monday tin extremity arsenic good arsenic it began.

China's biggest nationalist AI driblet since DeepSeek is astir to deed the market

On Monday, Chinese exertion giant Baidu plans to marque its Ernie generative AI large connection exemplary unfastened source, a determination by China's tech assemblage that could beryllium its biggest successful the AI contention since the emergence of DeepSeek. 

"Baidu conscionable threw a Molotov into the AI world," said Alec Strasmore, laminitis of AI advisory Epic Loot. "OpenAI, Anthropic, DeepSeek, each these guys who thought they were selling top-notch champagne are astir to recognize that Baidu volition beryllium giving distant thing conscionable arsenic powerful," Strasmore said, comparing Baidu's determination to Costco creating Kirkland.

— Kevin Williams