The Dow, S&P 500 and Nasdaq retreat from record highs as President Trump rolled out a fresh tariff against Canada, following Brazil hit. Meanwhile, the Federal Reserve and Chairman Powell are under fire for spending on renovations.

The pause on the biggest of Trump's tariffs won't end this week, as planned, but the problems they present still loom large.

In a wide-ranging interview with NBC News, Trump talked about tariffs, sending Patriot missiles to NATO for Ukraine and how he'll sell his recently passed "big, beautiful bill."

Equity markets slid on Friday as President Trump intensified trade and tariff tensions with Canada. He also hinted at measures targeting Europe, driving investors to seek refuge in gold. Investors were unsettled when Trump sent a letter late Thursday announcing a 35% levy on all Canadian imports effective August 1,