. >> scott bessant coming up later this morning. all right. also, as. >> we. >> stick with this macro theme, the dollar continuing. >> to weaken. >> coming off. >> its worst. >> day since november of 2023, on pace. >> for. >> its worst week since november of 2022. right now. the dollar pulling back nearly a half a percent week to date. the dollar falling over 3.5%. and we got to talk about cryptocurrency out of the crypto summit at the white house later today. also, president trump's executive order yesterday creating that strategic crypto reserve, which notably does not include the u.s. government buying new bitcoin, just transferring already held assets into what the white house is calling a digital fort knox. taking a look at bitcoin right now back below 90,000 a coin, pulling back about a quarter of a percent right now. but important to note week to date. actually rising up nearly 6% week to date. and a quick check of energy oil. >> on pace. >> for. its worst week since october. but this morning moving a bit higher. wti crude the us benchm

it's scott bessant of transportation parts. even kash patel of the fbi.ese that we know about, and probably more has expressed a lot of upset, just downright anger with musk over the fact that he has been to them, really involving himself unnecessarily with their programs. it's not that they're against cuts, per se, it's that they don't like the way he's taking that thing right there, that chainsaw. and just whimsically, almost in their minds, just taking people out, sometimes hiring them back again, disrupting their departments to the point that they can't be functional. that's what's going on. you know, it's probably too late to be asking this, but why is elon musk so intertwined in, in sort of reducing the federal government footprint? we have all been asking that question, kara. why, why, why this guy has never had anything to do with government. well, there are a few reasons here that seem to maybe possibly be one or more of them explanations. let's remember he gave $271 million to the trump campaign. that's one fourth of the entire campaign from a s

these are likely going to lead to price increases for average americans even though we've heard scott bessant say we think china's going to pay for it but a lot of producers and companies we've been speaking to have said we're the ones that are going to have to foot the bill because we pay that and we'll have to pass it on to customers. >> that's the thg. does china sosh it or pass it along. what are we talking about? what do economists think will go up in price? >> they've been projecting inflation will increase after this, but what's more impactful is that you have business owne, large businesses down the street from you likely that are opining on this as well. like brian cornell, the ceo of target. he was talking about the tariffs this morning. take a listen. >> we know for certain categories like fruits and vegetables where during this winter season, we depend on mexico for a significant amount of supply. those are categories where we'll try to protect pricing but the consumer will likely see price increases over the next couple of days. >> that's the target ceo telling their customers th

the treasury secretary scott bessant. and he's going to. >> join us. >> in an interview at 7 a.m. eastern time. tomorrow to discuss all of this and more. >> squawk. >> squawk style. i think he's gonna be sitting right there with the same place where he. sat prior to actually. >> getting the. >> appointment for treasury secretary. and. you know, the. >> great thing. >> about scott is that he manages money and knows he knows the market implications of all this stuff. so peanut butter, 295% canada tariffs. >> you know, then you got things like lumber 20%. >> shoes. the reciprocal. >> tariff stuff i kind of get behind. >> you can. >> get behind that argument. >> can kind of get behind that. >> it's like. >> you know, get doing it to us. what do you want? what do you want from us? we're not patsies, president. well, we are sometimes president trump weighing in on the debate over government funding. in a post on a social media network, the president voiced support for a continuing resolution resolution to fund operations through september, saying conservatives will love this bill becaus

his treasury secretary, scott bessant, is worth $500 million. you know why?t successful. >> investors traders on wall street. >> he knows the impact of tariffs. he knows that cozying up to putin is. >> terrible for. >> global markets and world order. his commerce secretary, howard lutnick, stepped down as. >> ceo of cantor fitzgerald. >> this man is worth $2 billion. at 8 a.m. this morning, he was on television touting the. importance of american dominance and imposing tariffs on our closest allies, mexico. >> and canada. >> and by 4 p.m. >> after the markets. >> tumbled and. >> every big wall street investor and ceo was on the phone with this white. >> house saying, what. >> in the. g.d. are you doing? howard lutnick was back on television saying, oh, maybe we worked out a deal with mexico and canada, and you can go outside the cabinet and where the business community is really scratching their heads. they liked the. >> idea of elon musk. >> i mean, if you step away and you say the most successful. >> businessman in modern. >> history coming in to clean up t