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and i want to thank howard and scott for the job you guys did in putting it together.lly did an amazing job. and that will be on rare earth and other things. i think that. >> he went on to say the united states would not be making security guarantees for ukraine in its deal to end the war with russia, but that europe would. meanwhile, downing street has confirmed that zelenskyy will meet with sir keir starmer and other european leaders in london on sunday. it is thought that mr zelenskyy is planning to make the trip to discuss defence. elsewhere, sir keir starmer has refused to say if the deal to give away the chagos islands to mauritius would be funded by the increase in defence spending. the prime minister told the commons that the increase to 2.5% of gdp is for our capability on defence and security in europe, and described the deal being negotiated with mauritius as extremely important for our security. tory mp kieran mullan asked sir keir during prime ministers questions to give an unequivocal answer on where the money would come from, but the prime minister decli

i think howard and scott, a few of you, really are responsible for it. howard, if you want to discuss that for a couple minutes i think i'd like to have you. i think it's going to be a very successful program. this is commerce. >> so the eb-5 program which has been around for many years, had investment of $1 million into projects in america. and those projects were often suspect, they didn't work out, there wasn't any oversight of it. and so for $1 million investment you got a visa and then you came into the country. and ended up with a green card. it was poorly overseen. poorly executed. then you had our border open where millions of people came through. so the idea is we will have a proper business. we will modify the eb-5 agreement. kristi and i are working on it together. for $5 million they'll get a license from the department of commerce. then they'll make a proper investment on. eb-5. and we think scott and i will design the eb-5 investment model because we are the best people together to do that. this is joint -- this is exactly the trump administ

and i want to think howard and scott's job, you guys are putting it together, really do that. and that will be on the rear or and other things you know, and for probably $350000000000.00, your present for one be $100000000000.00. and that's a big difference. so we're going to probably 3 times as much and yet it's very important everybody, very close. we have a big ocean separate. and so it's very important for you up in a hopefully we'll step up and do maybe more than they're doing. and maybe a lot of the previous administration players in a very bad position. but we've been able to make a deal where we're going to get our money back and a lot of money in the future. it's a course in bosnia and herzegovina has sentence, middle rod date, president of the semi autonomous republic, a sub scott to one year in prison. he's also been banned from holding plesco office for 6 years that it came off to donate, refused to implement decisions made by a you and a pointed high representative overseeing peace in the country. off to the war. in the ninety's, he was found guilty of signing a l

and i want to think howard and scott's job, you guys are putting it together really to be on the rare earth and other things you know, and for probably $350000000000.00. your present for one be $100000000000.00 and that's a big difference. so we're going to probably 3 times as much and yet it's very important everybody, very close. we have a big ocean separate. and so it's very important for you up in a. hopefully we'll step up and do maybe more than they're doing and maybe a lot of the previous administration players in a very bad position. but we've been able to make a deal where we're going to get our money back and get a lot of money in the future. so head on the out, is there a why boston in the lead middle road frontage has been sentenced for one year and present the west end of february. so winter is being squeezed out of europe. slow to encourage use atlanta care, which mixes with the call would. so we get a cold a feel then you would do, for example, you rush on the coast to the atlantic and the storm systems which are producing a lot of running around the edge out. it goes h

and i want to think howard and scott, you guys do putting it together, really good job. and that will be on rare or, and other things, you know, and for probably $350000000000.00, your present for one be $100000000000.00. and that's a big difference. so insurance, probably 3 times as much and yet it's very important everybody, but you're very close. we have a big ocean separate. so it's very important for you up in a hopefully we'll step up and do maybe more than they're doing. and maybe a lot of the previous administration players and a very bad position. but we've been able to make a deal where we're going to get our money back in a lot of money in the future. but y'all, strengths it has moved from keith, are not sufficient enough to satisfy present zalinski. he's saying that this is very much of a framework deal at the moment, but it needs to be further discussion. that seems to be the big implication in those discussions. we understand it's hope will be held in washington. we know that says that excuse, potentially scheduled to go there on friday. that is yet to be c

scott bessent treasury secretary, i know him well. he was the publisher of my first trump book memoir, got to know scotty really well. howard and scott are the new blood, they are like geniuses, it is a delight to work with them, scott handles what foreigners can buy, currency and fall of's -- bob renegotiated the terrible treaty that is coming up as a guest talked about, for your review. the beauty is i don't advocate, i let people do their jobs and have a handle. the other person's cabin, chair of economic advisers, understanding macro aspects, if -- if -- if -- if president trump succeeds we will have a structural shift in the economy from overreliance on the irs to one aligned -- reliance on external revenue. it is in the memo, under howard lutnick and scott bessent and it's a beautiful thing. gosh, nobody knows this. unless you are a hardcore looker . this country was built on tariffs. mckinley ran on a tariff platform, a great chart shows percentage of revenue. it's near 100% like this and it goes just like this, flat lines. the point is that -- that tariff revenues play a very important role as part of a long-term tr

scott, maybe you want to say something about it, howard, you want to say something about it? >> yes, sir, very exciting. we are going to extend this thing up within the next 12 months. we are going to monetize the asset side of the u.s. balance sheet for the american people. we are going to put the assets to work. i think it will be very exciting. going to be very exciting. we are going to study best practices from around the world. it will be a combination of liquid assets, assets we have within this country, as we work to bring them out for the american people. >> the extraordinary size and scale of the u.s. government and the business with companies should create value for american citizens. if we are going to buy 2 billion covid vaccines, maybe we should have some equity in the company and have that grow with the help of the american people, right? bring all of these things together, and scott and i will create an amazing side. pres. trump: other countries have sovereign wealth funds, and they are much smaller countries. they are not the united states. we have tremendous

i think howard and scott, a few of you are really responsible for it. howard, do you want to discuss that for a couple minutes, i think it will be a successful program? >> the eb five program had investment in projects in america that were often suspect or did not work out. there was not any oversight. for a million-dollar investment you got a visa and then you came into the country and ended up with a green card. it was poorly overseen. poorly executed. then you had the border open where millions came through. the idea is we will have a proper business. we will monitor the eb5 agreement. for $5 million they will get a license from the department of commerce. then they will make a proper investment on the eb5. scott and i will design the eb5 investment model. scott and i are the best people together to do that. this is the trump administration. we all work together to be the best. if we sell, remember, 200,000. there is a line for eb5 of 250,000 now. 200,000 gold green cards is $1 trillion to pay down our debt. that's why the president is doing it. we ar

he signed an executive order on monday that charges treasury secretary scott bessent and howard lutnickould even be used to facilitate the sale of tiktok, which is currently industries 7 technologies 7 future. and technologies of the future. this of the us this announcement of the us sovereign wealth fund is news news that is heats that is iiikeiit; fantastic news that is likely to greatly accelerate us economic growth shore us economic grdwtbabta'sbors up us security economic grthbano'sbors up us security a economic grthbano'sbore up us security a time national security at a time when we are coming under iglcgeasing from when we are coming under insceasing from china. increasing threat from china. to answer your question, what is a sovereign wealth fund? it is a sovereign wealth fund? it is a sovereign wealth fund? it is a on the us government is a on which the us government would take equity stakes, it would take equity stakes, it would be acting as a giant venture capitalfirm, taking venture capital firm, taking equity in venture equity sta keslinjoint mental re are being equity sta

we're going to be signing an agreement, which will be a very big agreement and i want to thank howard and scottor the job you guys did in putting it together. really did an amazing job. and that'll be on rare earth and other things and we're in for probably $350 billion and europe in for $100 billion. and that's a big difference so we're in for probably three times as much and yet it's very important to everybody but europe is very close and we have a big ocean separating us. it's very important for europe so they'll hopefully step up and do maybe more than they're doing and maybe a lot more. the previous administration put us in a very bad position, but we've been able to make a deal to get our money back-to-back and getting a lot of money in the future and and that's appropriate because we have taxpayers that are -- shouldn't be footing the bill. shouldn't be footing the bill more than europeans and banks. it's all been worked out and we're happy about it, and i think that very importantly we'll be able to make a deal. most importantly, by far, we'll make a deal with russia and ukraine to sto

i want to thank howard and scott for the job you guys did putting it together.n amazing job. that will be on rivers and other things. as you know, we are in for probably $350 billion. europe is in for one hundred billion dollars. that is a big difference. we are in for probably three times as much. it is very important to everybody, but europe is very close. we have a big ocean separating us. it is very important for europe. hopefully they will step up and do more than they are doing, may be a lot more. the previous administration put us in a very bad position. we have been able to make a deal where we will get our money back and get a lot of money in the future. i think that's appropriate because we have taxpayers who are -- should not be footing the bill. they should not be footing the bill more than the europeans have been. it has all been worked out. we are happy about it. i think that, importantly, we will be able to make a deal. most importantly by far, we will make a deal with russia and ukraine to stop killing people. they will stop killing young russian

we're going to be signing an agreement which will be a very big agreement and i want to thank howard and scotts did in putting it together. really did an amazing job, and that'll be on rare earth and other things, and as you know, we're in for probably $350 billion and europe is in for $100 billion, and it's a big difference, so we're in for probably three times as much and yet, it's very important. >> we are not considering signing any agreements without security guarantees, and of course, today, after two weeks of intensive work between the government of the united states and ukraine on our economic cooperation, we have actually prepared a final version. liz: here we go. breaking news. ukraine just two hours ago, sent to president trump at the white house a completed deal for america to help ukraine develop hundreds of billions of dollars worth of its natural resources. it would fund ukraine's reconstruction after the war with russia. joining us now from house arms services and house foreign affairs, congressman and dr. ronny jackson. congressman great to see you been a long time. are we hea

megan costello. >> you also wonder what the relationship is between howard lutnick and scott. bessent in treasury and commerce. just kind of we're going to go to steve liesman in a second just to kind. of recap what. we heard there at the top, the sovereign wealth fund. i want everyone out there listening and watching to understand what we're talking about. and correct me if i'm wrong. >> well, let's see what we're talking about. >> i actually don't know the details. i'm going to make it up. >> but what. >> we know about sovereign wealth funds is this to kelly's point, you sell or you. >> sell. >> something, you raise money. and with those that money, you buy stuff and then you hopefully make. >> money investments. >> for the citizens. >> so if you have a lot of oil, look what alaska has done, something similar. you know, there are some u.s. states who have kind of tried to look at this model already, and it's a good idea, especially with something problematic like fossil fuels. you can give people revenue while you work on that transition. this is something they've been doing

howard. >> and scott for the job. >> you guys did in putting it together. really did an amazing job.and other things. and as you know, we're in for probably $350 billion. europe is in for 1 billion, $100 billion. and that's a big difference. so we're in for probably three times as much. and yet it's very important to everybody. but europe is very close. we have a big ocean separating us. so it's very important for europe and they hopefully will. >> step up. >> and. >> do maybe more than they're doing and maybe. >> a lot more. the previous. >> administration put us in a very bad position. but we've been able to make a deal where we're going to get our money back. and we're going to get. >> a. lot of money in the future. >> and i think that's appropriate. because we have taxpayers that are shouldn't be footing the bill, and they shouldn't be footing the bill at more than the europeans are paying. so it's all. >> been worked out. we're happy. >> about it. and i think. that very importantly, we're going to be able to make a deal. >> most importantly. >> by far, we're. >> going to make a

i think, uh, howard and scott, a few of you really are responsible for it. but, howard, if you want to discuss that for a couple of minutes, i think i'd like to have you. i think it's going to be a very successful program. this is commerce. so the eb five program, which has been around for many years, had investment of $1 million into projects in america. and those projects were often suspect. they didn't really work out. there wasn't. any oversight of it. >> and so. >> for $1 million investment, you got a visa. and then you came into the country and ended up with a green card. so it was poorly. >> overseen. >> poorly executed. then you had our border open where millions of people came through. so the idea is we will have a proper business, we will. >> modify the eb five agreement. christie and i are working. >> on it together. >> for $5 million. they'll get a license from the. department of commerce. then they'll make a proper investment on the eb five. right. and i we think scott and i will design the eb five investment model, because scott and i are the be

scott, maybe you'd like to say something about it. and i'd ask also howard to say something about it. >> yes, sir. there's a very exciting. we're going to stand this thing up within the next 12 months. we're going to. monetize the asset side of the u.s. balance sheet for the american people. we are going to put the assets to work. and i think it's going to be very exciting. we're going to study best practices that's done around the world. it will be a combination of liquid assets, assets that we have in this country as we work to bring them out for the american people. >> the extraordinary size and scale of the u.s. government and the business it does with companies should create value for american citizens. if we are going to buy 2 billion covid vaccines, maybe we should have some warrants and some equity in these companies and have that grow for the help of the american people. so i bring all these things together. i think we'll create scott and i will create an amazing sovereign wealth fund for you, sir. >> so other countries have sovereign wealth funds,

maria in terms of the tariffs the president tasked howard lutnick and scott bessent in terms of comingut with the study around reciprocal tariffs that report will be out the end of march but president trump confirmed the tariffs on imports from canada and mexico will move forward when the monday month delay expires next week. here's the president yesterday. watch. >> are voters having remorse already. >> i think so and will keep building given what he's doing but chaos is. maria that surround sound bite amy klobuchar saying investors are having buyers remorse but we have the numbers in front of us americans overwhelmingly support president trump's agenda 81% support reporting creed under criminal illegal aliens but j.p. morgan global market strategy team is warning their investors that you may be wrong to shrug off the tariffs saying we seem tariffs as a continuous theme throughout the year end beyond at the trade war escalates, business confidence generally will be hit but it's likely to be less effective than others. i agree this is largely leverage for president trump but that does

. >> absolutely, i have been pushing for sworn sovereign fund for years howard lutnick visionary scottdent trump going to be the beginning of an amazing era for americans because i have been pushing, and this is supportive of the idea americans should have ownership in the american sovereign fund is we should be funding great companies everyone should get -- howard's great idea connecting to social security, is brilliant. and so that will fund it. the tariffs will also fund the american sovereignty fund. >> we see it could, sell manage freddie mac greatest to attach up joining us. we'll be right back. thank you. . only servicenow connects every corner of your business so people can do all their work on one platform. no more mindless swivel chairing between platforms. or swivel chairing between apps. no more swivel chairing! i don't feel so good. what does he do here again? mostly that kind of stuff. will you push me back? no. ♪ (vo) weight loss. for so long, i felt stuck. i tried, and tried again. lost weight, gained it back. but zepbound means change. zepbound is for adults with obesi

. >> and i want to thank howard and scott for the job you guys did in putting it together.we did an amazing job. and that will be on rare earth and other things. and as you know, we're in for probably $350 billion. the europe is in for 1 billion, $100 billion. and that's a big difference. so we're in for probably three times as much. and yet, uh, it's very important to everybody. but europe is very close. we have a big ocean separating us. so it's very important for europe. and they hopefully will step up and do maybe more than they're doing and maybe a lot more. the previous administration put us in a very bad position, but we've been able to make a deal where we're going to get our money back and we're going to get a lot of money in the future. and i think that's appropriate because we have, uh, taxpayers that are shouldn't be footing the bill, and they shouldn't be footing the bill at more than the europeans are paying. so it's all been worked out. we're happy about it. and i think that, uh, very importantly, we're going to be able to make a deal, most importantly by far

and scott and howard, all the people are working on it. and i think we have a good chance to arrive, you're going to deal that could be a terrific.

and scott and howard, all the people are working on it. and i think we have a good chance to arrive, you're going to deal that could be terrific. really terrific for both countries. great, thank you. on the 2nd part of the question, i think might be solve them through to that pretty well, but faster than pretty well known. and my concern is, but it was a deal and i hope there is a deal, but it must be a last thing deal that it's not a temporary measure. and that is why i think it's really important that i appreciate and those that um, this deal, a historic deal, which i probably about trip comes about is the, is the. and it's the last thing deal of on the we're able to deal with any and connection. he has to go again. no, go further. i think we'll have 2 deals. i think we'll have a deal on ending the war. and i think we're going to end up with a great trade deal with you and it's an honor to be with you and i want to thank everybody very much. thank you very much. thank i think it was actually okay, the united states and britain university

and scott and howard, all the people are working on it and i think we have a good chance at arriving at a deal that could be terrific, really terrific for both countries. ok? thank you. p.m. starmer: on the second part of the question, i think my views on putin are pretty well rehearsed and pretty well known. and my concern is that a deal must be a lasting deal. that it's not a temporary measure and that is why i think it's really important that putin knows that this deal, a historic deal which i very much hope comes about, is there, is there and it's a lasting deal. and that we're able to deal with any inclination he has to go again or go further. pres. trump: i think we'll have two deals. a deal on ending the war and i think we're going to end up with a great trade deal with you and it's an honor to be with you and i want to thank everybody very much. thank you very much. thank you. thank you. [applause] the prime minister spoke today about balancing the transatlantic alliance. what has been the response? >> a number -- a little shot, especially about a number of things with russia

revenues and external revenue service which is going to be in the presidential memo, under howard lutnick and scott bessent and it is a beautiful thing. here's the thing. prior to 1913, nobody knows this, your hard-core looker, this government, the united states was built on tariffs. jefferson, hamilton, mckinley, mckinley ran on a tariff platform. it shows a percentage of revenue from tariffs. near 100% goes like this, past the income tax and it goes like this. the point, tariff revenues are going to play an important role and it is part of a long-term transition. countries don't have to pay tariffs if they invest here. >> host: i am curious why 10% for china, 25% for now i like canada. >> the size of the market and the economy and we have an extension. >> host: trump talks on the campaign trail about 60% tariffs on china. is that still on the trail? >> guest: i urge everybody to understand we are going to proceed in a measured way, investigative studies that will be found -- foundational to the actions that are data-driven. and in that memo, what jamison greer is going to do is go back and recali

and scott tan howard, all the people working on it and i think we have a good chance at arriving at a deal that could be terrific, really terrific for both countries. speak on second part of the question, my views on putin are pretty well rehearsed and pretty well known. my concern is that it was a deal and i hope there is a deal, it must be a lasting deal that is not a temporary measure. that's why i think it's really important that putin knows this deal, historic deal which i very much hope comes about, is there and it's a lasting deal but that we are able to deal with any inclination he has to go again or go further. >> i think will have two deals. i think we have a deal on ending the war and we have a great trade deal with you and it's an honor to be with you. i want to thank everybody very much. thank you very much. >> reporter: [indistinct question] [applause] >> will: live from the heartland, welcome to "the will cain show." president trump hosting a press conference with u.k. prime minister keir starmer. talking a lot about ukraine and russia. ahead of president zelenskyy goin

i want to thank howard and scott for the job you guys did in putting it together. an amazing job. it will be on rare earth and other things. as you know, we are in for probably $350 billion and europe is in for $100 billion. that's a big difference. we are in for probably three times as much and yet it's important to everybody but europe is very close. we have a big ocean separating us. it's important for europe and hopefully they will step up and do may be more than they are doing. the previous administration put us in a bad position but we have been able to make a deal where we will get our money back and get a lot of money in the future. that's appropriate because we have taxpayers who should not be footing the bill. and they should not be footing the bill more than europeans. it's all been worked out. we are happy about it. i think that very importantly, we will be able to make a deal. most importantly, we will make a deal with russia and ukraine to stop killing people. they will stop killing young russian soldiers and young ukrainian soldiers in addition to ot

and we're going to have over the next 30 days, we're going to have scott, howard and marco.te, lead the delegation. and we're going to have a big negotiation with mexico. i'll be involved, too. and president sheinbaum will be involved to see whether or not we can work something out on the tariffs. >> on fentanyl. >> china will be speaking to china probably over the next 24 hours. >> president trump. >> we don't want fentanyl coming into our country. now. we had another big thing. speaking of china, china is involved with the panama canal. they won't be for long. and that's the way it has to be. marco just got back. as you know, he's in the process of coming back. i guess he's almost back by now. and he had a very long conversation with the leader of panama, the respected man, and some others. the entire leadership group. and we're trying to work a deal on the panama canal. the panama canal was given foolishly years ago to it shouldn't have been happened years ago to panama by jimmy carter and the group. we lost 38,000 people building the panama canal. like the one of the gre

that kind of delineation of roles richest man in the world, scott bessent, treasury secretary, incredibly wealthy millionaire, billionaire, howard deal, is now in the middle of these russia talks, also a billionaire — and does there come a point at which the voters, the american people say, all this stuff is going on — but yet we're still not seeing anything about grocery prices, we're still not seeing anything about better affordability, cost of living coming down, the election campaign." in a certain regard. it was $9 for a carton of eggs. you know, this is still a very accessible thing that i think the democrats can point to, you know, and i think especially with these cuts — if we see, you know, for example, the american farmer in any way lose benefits, for the democrats, one could see it as kind of a messaging gift at a time when they really need one. six months or year of this administration — unless something and don't forget that we've seen the president also endorse the house of representatives budget reconciliation bill — which appears, as we've seen it now, to have significant cuts to medicaid. medicaid cuts. so, that

officials will negotiate with officials and secretary of state marco rubio, treasury secretary scott bessent and howardncludedman, soon to be confirmed, will lead the negotiations. as for the other two countries tariffs are set to go into effect, no idea if canada can afford those and of course 10% from imports coming from china. president trump spoke with justin trudeau once today and is scheduled to do so at 3:00 p.m. eastern time and we'll see if they, too, can reach an agreement to stave these off for a period of time. if not, the trace will go in effect at midnight and canada will place retaliatory tariffs on $30 billion of canadian goods. and the premiere of province canceled a contract with star link scheduled to go into effect and has been put on pause and the provencial government said no u.s. companies will get contracts so long as the tariffs are in place and the question is will they go in place hours from now. jackie: what else do we know about the reaction of the business community on the back of these mexico and canada tariffs escalations? kailey: they've had a bit of a reaction from mos

that's going to be under howard lutnick and scott bessent. it's a good whole thing. the thing, dasha. prior to 1913, i don't know if you know this, probably nobody knows this and less you're a hard-core looker, this government, united states was built on tariffs. jefferson, hamilton, mckinley. mckinley ran on a platform i am a tariff man running on a tariff platform. boss got this great charter imagine this work shows the percentage of revenue from tariffs. it's up there, right? it's like near 100%, goes on like this in the we passed the income tax and a ghost just like this, flatlined. point is that, that tariff revenues are going to play a very important role and is going to be part of a long-term transition period president trump loves to say, countries don't have to pay tariffs if they invest here. >> let's talk about china. because that is a big factor here. i am curious why 10% for china, never say but 25% for an ally like canada. >> well, it's the size of the market and the economy. we already have substantial tariffs on transfer trump talked to on the campaig

which we will have negotiations headed by secretary of state marco rubio, treasury secretary scott bessent and howard lutnick and high level representatives from mexico. i look forward to achieving a deal between our two countries. the president deployed some of his economic advisors to shows this morning to explain it wasn't about punishing consumers. it was about something else. >> president trump was absolutely 100% clear that this is not a trade war. this is a drug war. there are perhaps 100,000 people last year that died of fentanyl. fentanyl is coming in across the mexican and canadian borders, 95% of mexicans want the drug war to end and the same is true in canada. >> the only event on president trump's schedule later today at 3:00 p.m. celebrating the stanley cup win of the florida panthers and about the time he will talk to trudeau. we'll see if trudeau can head off the tariffs there for a month. will he talk to china's president xi who he is threatening with 10% tariffs as well? >> harris: peter, thank you very much. there will be as peter is pointing out, if something doesn't get worked ou

jd and scott and howard, all the people are working on it, and i think we have a good chance of arriving at a deal that could be, uh, terrific, really terrific for both countries. okay. >> thank you. uh, on the second part of the question, um, i think my views on putin are pretty well rehearsed and pretty well known. um, and my concern is that if there's a deal and i hope there is a deal, that it must be a lasting deal, that it's not a temporary measure. and that is why i think it's really important that, um, putin knows that this deal, a historic deal, which i very much hope comes about, is there, um, is there and it's a lasting deal. and that we're able to deal with, um, any inclination he has to go again or go further. >> i think we'll have two deals. i think we'll have a deal on ending the war, and i think we're going to end up with a great trade deal with you, and it's an honor to be with you. and i want to thank everybody very much. thank you very much. >> thank you. thank you, thank you, thank. >> you. >> thank you very much. >> thank you. >> good afternoon. i'm phil mattingly in

>> i had a great meeting monday in the oval office with president trump, scott bessent and howard lutnickaker phone and we talked with the president about the importance of making his tax cuts from 2017 permanent. failure for congress to act and speaker johnson just pointed out will result in the largest tax increase in american history. it's a 4 and-a-half trillion dollars tax increase if congress doesn't act by the end of the year so what's going to happen is, first, we're cheer whack the house just did. that's good news. it's moving forward. now the house and the senate will get together. we will get on one page. we'll make sure these tax cuts are permanent so we remove this looming 4 and-a-half trillion dollar tax increase coming somewhere down the road, come together on one bill and it needs to be passed in both chambers. maria: you will now change course and do one bill since it passed as opposed to the two bill track that the senate has been on. >> yeah. i think that's the path we're going to be on. clearly, there's going to be additional discussions going on yet today and through

. >> scott bessent and howard lutnick are leading the project over the sovereign wealth fund.s unclear how the fund will be capitalized but trump has previously pitched using tariff money the larger sovereign wealth fund of the world are owned by norway, china, hong kong and emirates in the view this morning from td cowan is the following we do not see how treasury can fund a sovereign wealth fund will treasury is using extraordinary measures to prevent the united states from defaulting on the debt. you have that playing out charger is tapping all available pools of cash to ensure the united states can pay its bill diverting funds from the stress sovereign wealth fund can bring forward the x state when the u.s. default on its debt that's also something to think about. >> are we waiting for this default on the debt every year every month when will this stop and how do you want the treasury to pay for this were the wealthiest country in the world and we have the money to do it and by the way we have the world's reserve currency so what if we. more to pay for or philip the wealth

but -- >> i think -- howard and scott few of you really are responsible for it. ard if you wanted to discuss that for a couple of minutes i think i would like to have you. i think it is going to be a very successful program. >> sure. >> commerce. >> so eb5 program which has been around for many years. had investments of a million dollars into projects in america. and those projects were often suspect, they didn't really work out. there wasn't any oversight of it. and so for a million dollar investment, you got a visa and then you came into the country and ended up with a green card so it was poorly overseen, poorly executed then you have a border open where millions of people came through. so the idf is we will have a proper business. we will modify ev35 we're working on it together 5 million dollars they'll get a license from the department of commerce. then they'll make a proper investment on eb5, right, and we think scott and i will design eb5 investment model because scott and i are the best people together to do that so this is joint, exactly the trump admini

scott bessent and howard lutnick likely to lead the effort. the sale of tiktok. we've heard rumors of this in the past two years. lisa: there are a lot of questions. where are they going to get the money? is it from oil and gas the way it has in norway and some states? what are the parameters about what they can invest in? is it a matter of just investing in pharmaceutical companies you are buying syringes and vaccines from? is this something some kind of strategic fund that can be allocating in a very specific way to try to get money? there's a question of who's going to run this? it is the apollo global management co-founder leon black's son. there's a lot of questioning here that needs to be evaluated. it's actually an interesting idea and one that actually biden had a similar thought to. jonathan: do you remember the original deal? the original tiktok deal. this should be on a quiz at the end of the year. wasn't oracle and walmart? -- was it it oracle and walmart? the president argued treasury should get a cut for brokering the deal. does

so the next step on that front will be for marco rubio, scott bessent and howard lutnick to lead negotiations with mexico over the next month to see if a more permanent deal can be worked out. mike. >> all right. megan. >> nine hours left. >> plenty can happen. >> as. >> we've seen in that span of time. megan. cassella thank you. let's bring in dan greenhaus from solus alternative. >> asset management, wells fargo investment institute. >> sameer samana and invesco's kristina hooper to talk about. >> how all. this applies. >> to markets. so, dan. i guess. >> you have to have some kind. >> of theory of the case here. if you're an investor, about the probabilities of the various tariffs taking effect, how long, what the. >> passthroughs are. i mean, all. >> of these things feels. >> like. this kind of. >> decision chain. you have. >> to go down if. >> you choose to. >> all of which is very easy to do. exactly. so the point is, do you try? >> do you try to. >> be precise about it, or how. >> do you think the. >> market is. >> just digesting. >> all the probabilities? >> i don't think there's any.

we know president trump has tasked scott bessent as well as howard lawton, the commerce secretary to impact. they're going to give them imreport at the end of march and we expect is april 2. >> absolutely the tariffs can be detrimental to the market in the short term but in the long term not so much. opportunities in the market come and go. for example we were hit pretty hard there were a lot of companies that got hit last week that might not necessarily deserve the pounding those of the companies that we want to pick up when the markets getting hit in terms of the tariffs in the long-term picture sometimes it's a negotiating process and sometimes it'll be actual tariffs. at the end of the day were in it for the long term and we want to be thoughtful in a portfolio that can stand the long-term. right now i like large-cap value, mid-cap growth though should do pretty well in any type of environment going forward. maria: president trump has been clear to the nations as well as companies producing in america and there's no tariffs and what we see this morning breaking news from apple th

let's see who the people are on the ground with howard lutnick. jonathan: scottw to talk about this. welcome back. let's talk about trade and the tension between the u.s. and europe. the focal point is them, taxes. that is not something we talked about years back. how big of an effect is that going to be? scott: it seems like it's a big factor if you listen to the trump administration. they have bought into the idea that the vat is discriminatory against trade. most economists will tell you that is wrong. vats are generally trade neutral or depressed exports a bit. the trump administration is hammering the idea that vats will be discriminating against american expects words -- exports in europe. you create a whole new playing field of potential nontariff barriers. it seems like a big mess one the --when the negotiations get started. annmarie: what is going on with the autos? president trump said they had a deal with auto tariffs. the 10% your puts on u.s. cars coming out to maybe 2.5%, with the u.s. puts on european autos. scott: you have seen early reports that

that team is going to include secretary of state marco rubio, treasury secretary scott bessent and secretary of commerce howardwell as representatives from mexico. the president says he will speak with outgoing canadian prime minister justin trudeau at 3:00. he posted to truth service canada don't allow u.s. banks to do business there. many such things and also a drug wars, hundreds of thousands of people have died pouring through the borders of mexico and canada. just spoke to just trued and -- maybe a glimmer of hope for canada if terms are agreed to. certainly a lot of fast-moving developments this morning ahead of that midnight deadline when the 25% tariffs were set to go into effect. dana. >> bret: i want to hop in. truth social suggests the negotiation is the the start of this deal as you put up this truth social, the 10,000 mexican soldiers on the border separating mexico and the united states. as well as you mentioned this team of rubio, bessent, lutnick to negotiate whatever the deal looks like. what the mexicans are agreeing to now may be just the first step in what president trump wants to happen be

border the mexicans will engage with the secretary of state marco rubio treasury scott bessent and commerce secretary nominee howard lutnick over security and trade the administration stressing that the tariffs are about illegal drugs and illegal migration not a trade war and some canadians are hopeful. >> i know they spoke about the border and trade and i expect that they will continue that conversation when they speak later this afternoon. i am certainly hopeful that we will find a pathway that is going to be a win-win pathway for the united states of america and for canada. >> white house officials telling me that they engaged with business industry groups as well as individual companies to see how this impact or the tears would impact the economy from the source. it looks like the canadian prime minister at this point begin. >> candida is very tough they're very, very tough to do business with and we can't let them take advantage of the u.s. they don't take her agricultural product for the most part they don't take our cars, they make cars but they basically don't take our cars. >> president donald trump saying