Recession warning, Carney transition and corporate scrutiny frame Sunday news

U.S. markets were closed Sunday, with QQQ and SPY carrying Friday's closing levels of $491.02 and $575.17. Trump said tariffs could bring short-term pain and declined to rule out a recession, while Mark Carney was set to become Canada's prime minister amid U.S. tariff tensions. Iran rejected Trump's nuclear negotiation proposal, Meta faced an allegation tied to censorship in China, Germany's January industrial production rose 2.0% versus a 1.6% estimate and a -2.4% prior reading, and Tesla stores in Canada were accused of exploiting electric-vehicle rebates.