CNBC Daily Open: Trump's tariff delay spurs markets

Trump to announce AI infrastructure investment

President Donald Trump on Tuesday announced a joint venture — Stargate — with OpenAI, Oracle and Softbank invest pledging to invest an initial $100 billion and up to $500 billion over the next four years in artificial intelligence infrastructure in the United States.

Kevin O'Leary says law prevents him from buying TikTok
Canadian investor Kevin O'Leary is still interested in a TikTok deal, but it's not possible under current law, he told CNBC. On Monday, Trump delayed by 75 days the imposition of a law that would effectively ban TikTok in the United States, allowing for "an opportunity to determine the appropriate course of action." 

Netflix surges in stellar results, raises prices
Shares of Netflix climbed sharply after the company announced its fourth-quarter results that beat revenue and profit expectations and as it surpassed 300 million paid memberships during the quarter. The company will hike prices of most of its U.S. plans. It will also raise prices in Canada, Portugal and Argentina.

Markets climb on Trump tariff delay
Stocks on Wall Street advanced on Tuesday as investors assessed that Trump's comments and first-day actions around international trade were a bit softer than initially believed. The president stopped short of authorizing new levies on his first day back in the Oval Office, sending the Dow Jones Industrial Average up over 500 points, or 1.24%. The S&P 500 gained 0.88%, and the Nasdaq Composite rose 0.64%. Asian markets were more mixed, with Japan and South Korea making gains, but Chinese markets were in negative territory.

[PRO] A stock market that doesn't make sense
The stock market is once again trading near record highs, but the investment landscape is full of contradictions that are hard to balance, according to Deutsche Bank macro strategist Henry Allen. He pointed to several parts of the market where investors appear to be betting on the more optimistic of possible outcomes, despite some evidence that they should be more cautious.

"I always say tariffs are the most beautiful words to me in the dictionary," President Donald Trump said at his inauguration.  

Trump's first day in the Oval Office, however, seemed light on any immediate action on that front. 

"President Trump's Inauguration Day policy announcements on tariffs were more benign than expected," said Alec Phillips, chief U.S. political economist at Goldman Sachs, in a note to clients. "For now, it is a lower priority than we would have expected." 

China, on its part, has tried to dissuade Trump on tariffs with vice premier Ding Xuexiang saying at the World Economic Forum in Davos that "Protectionism leads no where. [A] trade war has no winners."

Ding referenced Chinese president Xi Jinping's 2017 speech: "Pursuing protectionism is just like locking one's self in a dark room. Wind and rain might be kept outside but so are light and air."

Tariffs could dent Trump's case for a "golden age" for the U.S. Last year, Morgan Stanley's chief economist warned that tariffs would push down U.S. growth "a great deal" in 2026.

One might say that with Trump, tariffs will be him potentially sowing the wind, and reaping the whirlwind. 

— CNBC's Alex Harring, Brian Evans, Evelyn Cheng and Lee Ying Shan contributed to this report.