Stock futures are little changed ahead of a busy week of earnings reports and a Federal Reserve meeting; gold is continuing its record run, with futures surpassing $5,000 an ounce for the first time; thousands of flights were canceled after a harsh winter storm battered a wide swath of the country; President Trump has threatened to impose additional tariffs on Canada; and shares of USA Rare Earths are soaring as the mining company announced new government funding. Here's what you need to know today.

Stock futures are pointing to a flat open to kick off a busy week filled with earnings reports from major technology companies and a decision on interest rates from the Federal Reserve. Futures tied to the Dow Jones Industrial Average and S&P 500 were hovering near unchanged recently, while those linked to the tech-heavy Nasdaq slipped 0.2%. After hitting a series of record highs, the major indexes have lost ground the past two weeks amid geopolitical uncertainty tied to U.S. moves to acquire Greenland and new tariff threats from President Donald Trump. Gold futures hit another record high this morning, rising more than 2% to around $5,100 an ounce, as many investors turn to safe havens amid the uncertainty. The yield on the 10-year Treasury note, which affects borrowing costs on all sorts of consumer loans was at 4.21% recently, down from 4.24% at Friday's close. Bitcoin was trading just below $88,000, after falling as low as $86,100 on Sunday.

Gold futures surpassed $5,000 per ounce last night for the first time and extended those gains this morning as investors continue turning to the precious metal as a store of value amid geopolitical and economic uncertainty. Gold futures were recently up 2% at $5,080 an ounce, after moving as high as $5,108 earlier. Gold and other precious metals have surged recently as the Trump administration has stepped up its efforts to acquire Greenland and threats of new tariffs have emerged. This morning, threats of new tariffs on Canada, as well as concerns about the possibility of a government shutdown, added to the uncertainty for investors. Some analysts have cited $6,000 as a future possible target for gold, while others expect prices could grow more moderately or even decline in the back half of this year assuming current geopolitical tensions ease. Silver futures are also hitting record highs this morning, jumping more than 8% to around $110 per ounce.

The winter storm that hit much of the U.S. this weekend had a severe impact on air travel, with over 20,000 flights canceled Saturday through Monday morning, according to the flight tracking website FlightAware. Flights departing from or set to arrive at airports in New York City, Boston, and Washington D.C. are particularly hard-hit this morning as the cities faced heavy snow on Sunday. Tens of thousands of flights were also delayed over the weekend, as much of the East Coast looks to have received 12 inches or more of snow, per the National Weather Service. Shares of Delta Air Lines (DAL), United Airlines (UAL), American Airlines (AAL) and Southwest Airlines (LUV) were all losing ground this morning.

New trade uncertainty came into view over the weekend, after President Trump on Saturday criticized a recent agreement between Canada and China, and threatened new 100% tariffs on imports from Canada. If Prime Minister Mark Carney "thinks he is going to make Canada a "Drop Off Port” for China to send goods and products into the United States, he is sorely mistaken," Trump said on social media. Earlier this month, Canada and China announced an agreement that would see the countries lower a number of tariffs on each other's goods, with up to 49,000 Chinese electric vehicles also allowed to be imported into Canada. Carney told reporters on Sunday that the deal with China complies with existing U.S.-Canada trade agreements, and said he has "no intention" of pursuing a larger free trade deal with China.

Shares of USA Rare Earth (USAR) are soaring this morning after the company announced an agreement to receive new funding from the federal government. The company expects to take on $277 million in proposed federal funding and a $1.3 billion loan as part of the CHIPS Act passed by President Biden, along with another $1.5 billion in a private funding round. The announcement comes after Reuters and The Financial Times each reported over the weekend that the U.S. was expected to invest $1.6 billion in the mining company, likely taking a 10% stake in the firm. A government stake has also boosted the stock of Intel (INTC) in recent months, after the Trump administration invested in the chipmaking giant last year. USA Rare Earth shares were up more than 20% in recent premarket trading.

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