Canada’s Side of Tariffs, DoD Drones, & The Bond Market Speaks 8/25/26

Legendary investor Stanley Druckenmiller has penned a sharp op-ed (wsj.com/opinion/let-the-bond-market-speak-8152…) criticizing Treasury Secretary Scott Bessent’s new bond buyback strategy. In “Operation Economic Outcast,” (cnbc.com/2026/08/24/trump-iran-economy-sanctio…) President Trump is attempting to pressure Iran by way of its trading partners. CNBC’s Eunice Yoon explains China’s role in the strategy and in Iran’s oil economy. After U.S.-Canada trade talks collapsed, tariffs set in (cnbc.com/2026/08/25/canada-trump-tariffs-trade…) on some Canadian exports to the U.S. Canadian Minister responsible for Canada-U.S. Trade Dominic LeBlanc shares his country’s side of the negotiations. Plus, the Pentagon’s Chief Technology Officer Emil Michael discusses the Department of Defense’s multibillion dollar bet on drones.

Eunice Yoon - 06:05

Dominic LeBlanc - 23:14

Emil Michael - 35:42

In this episode:

Joe Kernen, @JoeSquawk (x.com/JoeSquawk)

Becky Quick, @BeckyQuick (x.com/BeckyQuick)

Andrew Ross Sorkin,@andrewrsorkin (twitter.com/andrewrsorkin)

Eunice Yoon, @onlyyoontv (x.com/onlyyoontv)

Cameron Costa, @CameronCostaNY (twitter.com/cameroncostany?lang=gu)

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