CNBC Business News Update Market Open: Stocks Little Changed, Investors Confused About Impact Of New 15% Trump Tariffs, Ailrines Cancel Flights In Northeast Blizzard 2/23/26
Feb 23, 2026
Bernie Reno, AccuWeather meteorologist, breaks down a Northeast blizzard causing massive flight cancellations and airport chaos. Neil Katyal, attorney and former Acting Solicitor General, explains why the Supreme Court ruling could mean tariff refunds for companies. They discuss market reactions and timing for flight recoveries in short, punchy segments.
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Markets React To New 15 Percent Trump Tariffs
- New 15 percent tariffs announced by President Trump are creating investor confusion about economic impact.
- Neil Katyal says the earlier reciprocal tariffs were ruled unconstitutional, which could force refunds and change corporate expectations about costs.
Watch EU Pushback On U.S. Tariff Policy
- Expect geopolitical and trade tensions to affect market sentiment and company-level planning.
- The EU warned that the new 15 percent tariffs risk harming trade deals, signaling potential diplomatic pushback firms should monitor.
Northeast Blizzard Forces Thousands Of Flight Cancellations
- More than 5,000 U.S. flights were canceled due to a Northeast blizzard, snarling New York and Boston air traffic.
- AccuWeather's Bernie Reno expects recovery to be slow with about 2,500 cancellations still projected the following day.