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businessAug 24, 202610:47pending

U.S. Tariff Deal with Canada Collapses, Nvidia Warns Price Hikes are Coming

The Rundown

About this episode

Market update for August 24, 2026. 

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In today’s episode, Zaid covers:

  • The biggest market week of the summer, inflation data, GDP, and the Fed Chair’s Jackson Hole speech

  • The US-Canada trade war update: 50% tariffs, a collapsed deal, and no talks in sight

  • What to expect from Nvidia’s earnings report on Wednesday

  • US Steel stocks surge from Canada tariffs 

  • Alibaba falls and the company issues new shares 

  • Fun fact: A humanoid robot that just beat Usain Bolt’s 100-meter world record 

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U.S. Tariff Deal with Canada Collapses, Nvidia Warns Price Hikes are Coming

The Rundown

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