Market Midday: Dow Eyes Best Day in a Month; Canada Trade Deal Hope Fades • 9/3/26

0:00Seeing NBC Business News update market midday, Wall Street is popping the down on pace for its best day in a month. Treasury yields falling this afternoon. The Dow is now up 618 points. It's being lit higher by shares of Microsoft up 3.5 percent. Sales force up 3 percent. Goldman Sachs 3 percent Walmart up almost 3 percent this afternoon. The S&P 500 index up 78 points. The NASDAQ's up 362 points. As of this afternoon, the three major averages are all more than 1 percent higher today and all on pace for a winning week. Companies who shares of hit fresh all time highs today include oil names, marathon petroleum, Phillips 66 and Valero. As oil prices struggle, US crude back above $90 a barrel and Brent crude nearing $100 a barrel. Other companies with fresh all time highs today include tractor maker deer, voya financial

1:03and Dell. Words from Federal Reserve Governor Christopher Waller helping stocks, investors see a possible Fed vote to maybe not raise interest rates more from CNBC senior economics reporter Steve Leesman. The comments from the Fed governor raise additional doubts on whether or not there's going to be a hike at the September meeting. Waller firmly om offensive about whether to hike or to hold at the upcoming September meeting saying the August inflation report coming next Friday would be decisive. If there's continued progress towards our 2 percent goal then I'm willing to hold, willing to support holding the policy rate at its current level. But if inflation comes in hot I would consider a rate hike. The probability of a Fed rate hike at the September meeting declined to 50 percent from 61 percent before Waller spoke full coverage of that important inflation report for August. Friday morning September 11 on CNBC CNBC dot com and the CNBC app on your phone. In video is buying the AI platform its agents hacked hugging face for $13 billion more insights

2:09Patrick Morehead tell CNBC this and video move makes sense. In video just bought the place where developers decide which model to run. So it's distribution. Top line is about accelerating open source growth but it's also a hedge. Right. In the neoclouds a hedge the hyperscalers and I think hugging face. Heges the clothes labs building their own chips hope for a trade deal with Canada anytime soon is fading. Here's CNBC's Andrew Ross Sorkin Canada our second biggest trading partner set to start tariffs on American goods Tuesday September 8th. It's a major trading dispute with billions of dollars online. David Cohen was the US ambassador to Canada from 2021 to 2025 and joins us live. Do you see any path right now towards some kind of deal before this deadline? Just listening to what I hear on CNBC and the media reports it's hard to see a path toward a resolution of anything in the next less than a week when both sides are so insistent that there are no talks on going and there no plan talks because you certainly can't

3:14get a resolution if you're not talking to each other. Instagram and Facebook parent meta working on massive changes to its social media apps after it settled a federal case with a coalition of state attorneys general over teen social media addiction. The states claim that meta crafted the apps to hook kids and keep them scrolling. Metta agreed to pay 17 billion dollars and come up with a way to stop teens from getting around age gates and they say that could take a year to create. It will also set a two hour limit for time teens spend on the apps and hide the number of likes a teens post might get. Jessica Erringer CNBC.