we heard from scott bessent advice for canada.ake a listen. >> one interesting proposal is matching the u.s. on chinese tariffs, a nice gesture if canada does it so we can have fortress north america from the flood of chinese imports. >> scott bessent saying mexico and canada should join to protect against cheap goods. fs market -- fx market is not fazed. market is pricing in a tariff delay. tom: indeed. let's check in with avril hong in singapore. averell -- avril: absolutely. stocks following the worst selling on friday, tech saw steepest decline since he had carry trade unwind healing we can --ruling the nikkei, now being erased, hearing from local media about china and flip the board, in terms of chinese valuations taking account for the selloff it was not that bad because they were higher than the 10 year mean. traders want increase. will that help stocks to broad and ai as well? tom: avril hong, indeed. now to product shares, trading higher. let's get more from catherine lim at bloomberg intelligence. what would it mean if i

president trump trump says zelenskyy will be welcomed book to white house when ready for peace, scott bessentis off the table right now zelenskyy spent the weekend shoring up support from europe you european leaders scott bessent says now that deal is no longer on the table, trump not first president to clash with zelenskyy, back in 2022 then president biden also reportedly lost it his temper during a phone call after ukrainian president not showing gratitude for us aide your reaction to all. >> this was a big missed opportunity, on in the oval office last week, obviously, the -- agreement is in both of our interests, you know when this war is over ukraine is going to need significant investment to help rebuild much like the marshall plan post world war ii, that is critical to our benefit to get off the reliance on chinese control of rare earth minerals building relationships not just europe but northern africa other parts of the globe, so getting this deal back on track, ib think is critical president zelenskyy needs to understand, what president trump is trying to do is not only end this wa

we want to welcome to the program treasury secretary scott bessent. good morning, mr. treasury secretary. >> good morning, margaret. >> let's dig in on this. it seems there's a perception gap there. our polling shows at least half the country reports concern about paying for food and groceries and housing. they continue to call the economy bad, een more so than last month. 49% told usthe economy is % getting worse. when can americans expect to experience the benefits that president trump said would be coming on day one? >> you know, margaret, what i find interesting is for the past year and a half and during the campaign, most of the media said, the economy is great. it's a vibe session. now that president trump is in office, there's an economic problem. i will tell you what the problem was. >> we were straightforward on this program, sir. >> i haven't seen this program. in general, this idea that working class americans didn't know what they were talking about, they didn't know their lived experience, they didn't know what their pocketbooks were feeling. president tru

zelenskyy knows full well he met with scott bessent and scott bessent said he was rude and i'll be obnoxioushim in those meetings. he was briefed by white house people before the oval office meeting and he knew exactly what was coming and he was also briefed. you are exactly right like guys chris murphy a troublemaker from connecticut and he had his left wing talking point. he doesn't want peace. i don't know what he wants because he will not defeat russia and the war will go on forever and hundreds of thousands and millions of people will be killed or they will be injured. he has a bad actor here. he has a very bad actor. don't forget, lindsey graham basically called for his resignation. lindsey graham is the biggest supporter of the ukraine. this is a fatal mistake. europe will not bail them out and trump has to stay with his gun. the minerals deal is the key. you sign that and you bring boots on the ground, that is huge. it is a trip wire. if not, who knows what. >> emily: friday clinic follow up on friday, the president said i don't want an advantage but i want peace. for some reason it

marco rubio saying scott bessent stands right here. michael walz.hey all like each other and they all support the president's agenda. >> brian: about that agenda, the president's joint address not state of the union, to congress, airs at 9:00 eastern time. the real story is going to be on "fox & friends" in the morning. >> steve: post game show. >> brian: i'm not pictured there but i will be there tuesday and wednesday. and chris, we're going to look into that. >> lawrence: brian, when i said that you were the face of the show. i didn't mean we had to plaster your face everywhere. >> brian: i understood. >> steve: what does it mean the face of the show. >> brian: i'm not really sure. >> brian: name for all of you, fox nation special you are america's dad. ainsley is so america's sweetheart and brian is the face of the show. >> steve: thank you. what does that leave you with. >> lawrence: i'm america's little brother. >> steve: you are not little. >> you are a tall drink of water. >> brian: another treason get fox nation. full script of that promo? l

scott bessent for example telling cbs that this moment, the sequencing of negotiations is just totallyhrown off. the white house had wanted ukraine to sign this critical deal and then they would move into brokering that longer deal. but at the moment, scott bessent is suggesting that the economic cooperation deal could be off the table depending on how zelenskyy responds. you read his response right there, the ukrainians saying that they would go back to how that deal was currently negotiated and zelenskyy would come back to the white house if invited serious talks but at least one european official is telling bloomberg news that in private conversations this white house is looking for a public apology from zelenskyy, something so far he has steered clear of and said he has a right to have an open dialogue about the future of this country. jonathan: to both of you, thank you. let's expand the conversation. joining us, a former senior u.s. intelligence official. welcome back to the program. how does zelenskyy come back from this? >> with great difficulty. friday's terrible meeting basic

treasury secretary scott bessent says the new position will work with the white house to determine areasmake a big difference in affordability for working class americans. liz, back to you. >> they should do more to address the insol vennty issues with the -- insolvency with the program s? >> if you don't do that and there's the crisis i'm saying is will come. i can't tell you when but it's like the heart attack. can't tell you exactly but you're getting closer. my guess would be three years, give or take a year. something like that. liz: okay, this is really scary stuff. that was wall street ray dalio and founder of hedge fund. he said it's like a heart attack and that was bernie sanders dodging the answer to that if americans could have done more. also, wall street pro mary meeker, let's show it. mary meeker warns the u.s. is in trouble. it's in a danger zone and mary meeker did call it a dot com crash and we have congresswoman nancy mace. always an honor and pleasure to see you again. do democrats need to get on board or are they getting on board? >> oh, they're absolutely not getting

it's less volatile president trump is focusing, use scott bessent for the metric to follow and what you want to see range bound you did a goldilocks scenario where the ten year treasury stay in the 4 - 4. to 5%. stuart: that would be nice in the rally. government employees were sent another e-mail asking them to detail their compliments from the previous week, those working in classified roles still required to respond but they can reply with all my activities are sensitive. defendant secretary pete hegseth is backing elon musk's play. watch this. >> i'm now directing each member of the department civilian workforce to provide those five bullets on what they accomplished in their specific jobs last week she reply to the e-mail and sisi their immediate supervisors. it's a simple task really adds elon musk said and the president reckon is the first cabinet to pulse check are you there to dod civilians. >> separately president trump is facing more pushback from the courts a u.s. judge ruled against his firing of the head of the office of special counsel. a little pushback there. evacuation

joining me now one of the men trump consulted treasury secretary scott bessent.t to have you on. i know you were in the room with vice president vance and secretary rubio after everything went down. who suggested that zelenskyy needed to hit the road? >> look, laura, it was a group decision that president zelenskyy needed to be moved out of the oval. and i got to tell you we were in shock. this has to be one of the greatest diplomatic, the mishaps of all time by president zelenskyy. we were having a press conference. we were going into lunch and then we were going to sign the economic partnership agreement. this was supposed to be a day where ukraine and the u.s. intertwined our economic prospects and, instead, president zelenskyy and i think he is probably used to dealing with american leadership that is weak. and he ran into president trump. and who didn't back down. vice president vance who didn't back down. they were asked to leave the room. then he had they had to be asked to leave the building. they were texting everyone, begging to come back out and sign t

treasury secretary scott bessent says it's off the table for now. >> it is impossible to have an economicl without a peace teal. -- deal. >> reporter: across the atlantic in london, more than a to see leaders from europe and canada met with zelenskyy for an emergency summit. afterwards united kingdom prime minister keir starmer said the group is working on a russia-ukraine peace deal to present to president trump. in the meantime starmer said the group will bolster military aid to ukraine and look at building a coalition of peacekeeping troops from europe. >> europe must do the heavy lifting. but to support peace in our continent and to succeed, this effort must have strong u.s. backing. >> reporter: while in london zelenskyy told reportersly believes he can salvage his relationship with president trump. in moscow sunday russia's top diplomat praised the president's handling of the meeting with zelenskyy. the president posted we should spend less time thinking about putin and more time worrying about migrants. meanwhile, multiple u.s. officials tell cbs news defense secretary pete hegseth

joining me now, one of the men trump consulted, treasury secretary scott bessent. mr. secretary, always great to have you on. now, i know you were in the room with vice president vance and secretary rubio after everything went down, who suggested that zelensky needed to hit the road. >> well. >> look, laura, it was a group decision. >> that president zelensky needed to be moved out. >> of the oval. >> and i got to tell. >> you, we were. >> in shock. >> this has to be one of the greatest diplomatic. >> the most mishaps. of all time by president zelensky. >> we were. >> having a press conference. we were going into lunch, and then we were going to sign the economic. partnership agreement. >> this was supposed to. >> be a day. where ukraine and the us intertwined our economic prospects. and instead, president zelensky and i think he's probably used to dealing with american leadership that is weak. and he ran into the president trump and who didn't back down, vice president vance, who didn't back down. they were asked to leave the room. then they had to be asked to leave t

treasury secretary scott bessent has been focused on the 10-year.inistration wants interest rates lower, but there are worries that this dedecline in the 10-year yield all the way down to 4.2% is indicative of a slowing economy. what do you think is behind the move? >> well, it's typical supply and demand for debt. but here's what it tells me when i look at that, for investors they have to have high quality, short-term fixed income. and the reason they want to do that, because when we have a crash and investors have largely forgotten what a crash actually feels like. in in and 2009 tech stocks lost 75%, large stocks lost 50%. so in the event of something like that happening in the future, you have to stress test your portfolio. and then you have to have high quality short-term fixed income. ten years and out's not going to cut it because those things are highly volatile, and when markets crash, they tend to crash also. then you rebalance, sell your fixed income, rebalance your portfolio. it sounds simple, but it's one of the hardest things for inves

treasury secretary scott bessent that it is at present not on the table. and also to he struck a tone which was frankly conciliatory for most of it. asked though directly by a reporter if he would apologize to president trump, he didn't take that opportunity and instead gave an answer about ukraine's dead and its suffering, and how, in response to suggestions he doesn't want peace, he said he would love the war to stop not just today, but have never have started in the first place. i paraphrase his words there, but as he gave that press conference, two details emerged of some of the technical aspects of what potentially these european powers have been discussing when it comes to a peace plan that they may eventually present to the white house at some point. french president emmanuel macron telling the figaro newspaper that he is contemplating presenting a month long partial ceasefire, what he described as an the air in the sea and against tax on energy infrastructure, both sides hitting their energy grids really hard over the past months, that potentially

treasury secretary scott bessent says the economic deal that president trump wanted president zelenskyygn is no longer on the table. >> what's the use in having an economic agreement that's going to be rendered moot if he wants the fighting to continue? >> it is absolutely shameful what is happening right now. the white house has become an arm of the kremlin. >> reporter: but according to a new poll released by cbs news, the economy and inflation are the top priorities americans want president trump to focus on right now. 51% approve of the president's handling of the economy. but 54% disapprove of his job on inflation, on immigration, 54% give the president a thumbs up. this week the white house is expected to impose punishing tariffs of up to 25% on canada and mexico. and up to 20% on china. economists warn tariffs could raise prices for americans and slow economic growth. something the white house disputes. canada and mexico say they will retaliate with tariffs of their own. >> we will have a strong, unequivocal and proportional response as canadians expect. >> reporter: in the wake

plus, we will go one-on-one with treasury secretary scott bessent. i'm margaret brennan. >>> we end tonight in illinois and a frozen hidden gem. in tonight's "weekend journal," cbs' noel brennan shows us how it is attracting people with a passion for winter and adventure. >> today should be perfect. >> reporter: anyone who considers 10 degrees perfect -- >> it's going to be icy in there. >> reporter: -- doesn't mind a little ice. >> maybe this year you come out here in the summer. >> reporter: dave everson and bruce turner hike starved rock state park in the winter because that's when they'll find wildcat canyon the way they like it. >> should be awesome. >> reporter: frozen. >> it's truly incredible. i don't know many people have ever seen frozen waterfalls. we got one here right in our backyard. >> people are caught off guard. it's fun. >> reporter: dave and bruce travel from chicago to central illinois. not to hike. >> climbing. >> reporter: but to climb. >> you're driving through cornfields. it's flat on i-80, and you come into the park, and where did this come from?

now, according to treasury secretary scott bessent, zelensky has failed to sign the minerals deal now three times, once in kyiv, where he was very cheeky and rude in meetings, once in munich and again last friday, of course, in washington, d.c. it's possible zelensky is just a run of the mill hothead with no manners and no respect for the oval office in the u.s. white house or respect for president trump. when zelensky blew up on friday, this hostility to america was blatantly on display. but mr. trump is offering him an incredible way out. yes, the us can recoup some of its ukraine war expenses, but longer term, ukraine's entire economy would be reopened and its assets would be monetized in ways that will be of incalculable benefit for every person living in their country. it's like trump is offering zelensky a future, but he won't take it. he keeps on prattling on against ceasefires without security guarantees, when in fact mr. trump is offering him the best possible security hard-working american taxpayers putting the bill national security and defense and laid out perfectly, last

of europe, they're going to see tariffs likely on april 2nd, because the president has tasked scott bessent lutnick, the commerce secretary, with studying the effect of reciprocal tariffs. and it is nobody who will understand it better than europe when they see president trump push back on their vat a tax and all of the fighting and attacks on american companies from fees on digital companies to lawsuits against companies like google. what does it mean? bottom line is we may see some prices of some goods go higher. the industry that's probably most impacted is going to be the auto industry. there are parts that are coming from mexico, other parts coming from from canada and, of course, we've got so much coming from china. so in the short term, we could see some prices on certain items go up. president trump has admitted that. he said, sure, we may see disruption in the beginning, but at some point companies and countries across the world are going to understand president trump's ultimate goal. build it here. and you're seeing a lot of companies do that already, seeing companies recalibrate.

treasury secretary scott bessent announced his department is creating an affordability czar to combatices. watch this. >> it took four years to ghettoises here, and we've had fiver weeks so interest rates are down, that's a very good start toward housing affordability, word auto affordability, and we are tackling this. treasury genning to appoint an affordability czar. >> what does that mean? what's handout affordability czar? >> someone that picks the five or eight areas where this administration can may recollect a big difference for working class americans. stuart: steve, affordability czar. pick five to eight areas where trump can make a difference. are you a little skeptical? >> sounds like something came from the democrats, kamala harris. you know, who price controls on groceries. they're pursuing the things you have to do and getting a big, beautiful tax cut and that's critical the bigger and the better. they're attacking regulations and they're attacking spending side so if you get that through, that's going to be a good thing. what bessent and others should be worried about i

scott bessent says as of now that deals no longer on the table, i spoke with the chairman of the presidentd devin nunes about it yesterday on "sunday morning futures". >> look at what happened last week with the zelenskyy meeting what was lost on everyone is what president trump was trying to do their is talk about rare-earth elements and how ukraine can play an important role in that china has went around the globe over the last 30 years with her belton initiative and they locked up these minerals were they control them all. zelenskyy whether he realized were not president trump was trying to say let us get in the informant economic partnership china has done this without ever firing a bullet there doing enter economic mean. hopefully zelenskyy understands our european allies understand it i think you see people get back to the table quickly. you think zelenskyy will sign the bear earth minerals deal you think welcome back and sign it. >> him or somebody else but they will have to end the war and they will have to build economic ties of the west. joining our equinox partner chief investme

scott bessent said on cbs that zelenskyy got the sequence out of order. a lot of things happening in europe over the weekend. let's start. the u.k. prime minister suggests keep the aid flowing to kiev. include ukraine at the bargaining table and arm ukraine to deter a further invasion. macron says let's get a deal for a truce for one month. the head of the e.u. said it's time to rearm europe. the british prime minister chimed in with this. boots on the ground was the quote. watch. >> the u.k. is prepared to back this with boots on the ground and planes in the air. the support piece in our continent and to succeed. this effort must have strong u.s. backing. we're at a crossroads in history today. this is not a moment for more talk. it is time to act. time to step up and lead. and to unite around a new plan for a just and enduring peace. >> bill: if all that is on the table here, and zelenskyy comes back to sign this deal and he said this over the weekend. there hasn't been a day we haven't felt gratitude. gratitude for the preservation of indepens dense. i

. >> ainsley: treasury secretary scott bessent announced over the weekend his department is going toate an affordability czar to focus on where they can make the biggest difference to help working class americans. he talked about how under joe biden we had gigantic deficits and overregulation. this is what he said over the weekend. >> i think president trump said that he will own the economy in six or 12 months. but can i tell you that we are working to get these prices down every day. but, you know, it took four years to get us here. and we have had five weeks. so, this rates are down, that's a very good start towards housing affordability. toward auto affordability. and, you know, we are tackling this at treasury, we are going to appoint an affordability czar. we are going to have an affordability council. we are laser focused on. this what does that mean? what is an affordability czar. >> someone who picks the five or eight areas where this administration can make a big difference for working class americans. >> steve: it's perfect timing that they would announce that because tomo

we heard from scott bessent, the treasury secretary, that the rare earth minerals deal, which was at the heart of all of this, supposed to be the signing ceremony in the white house on friday that is now off the table, where it is no longer on the table. i should say, to quote him. exactly. and we also, of course, hearing suggestions that maybe zelenskyy isn't the guy to lead ukraine into this peace deal. i just have to tell you, the practical aspect of some kind of leadership change here in ukraine in wartime. absolutely impossible to imagine or conceive and would simply feed the russian narrative, false as it is, of the legitimacy of ukraine's president. so a very complex narrative being pushed by trump's cabinet, which will certainly discomfort many here, while at the same time seeing the show of european solidarity, breathing some element of relief. >> all right. nick paton walsh in kyiv, nic robertson in london, thanks to both of you. all right. israel today began blocking all humanitarian aid into gaza until hamas agrees to extend the phase one of the ceasefire deal. after that

treasury secretary scott bessent that they do not believe the deal is currently, at present on the tablel. and he was also asked to if he felt that he could salvage the relationship with the united states. here's what he said. >> as regards. >> to. salvaging the. relationship that you asked about. i think that. >> our. >> relationship will continue because this. >> is more than relationships. >> however. >> everyone can see how ukraine is fighting for its independence and freedom, and we are grateful to the people of the united states. >> now, many of trump's inner circle have indeed begun to suggest on sunday that it is zelenskyy. that is the problem. who needs to step aside? and he gave an intriguing answer, sort of a riddle, frankly, suggesting how impossible that would be. we know elections here in wartime would be a horrific idea, exceptionally complex and fraught. but here's his answer when asked exactly whether he was contemplating resigning. >> if i am to be changed and i'll hear, how can i put it with what's happening with the support? it will not be easy, because it is not enou

in which he says he's ready to sign the minerals deal, the rare earth minerals deal, which the scott bessent the u.s. treasury secretary said was, quote, at present, not on the table. but ukraine does appear to still be willing to move forward with that. and so i think he also suggests that he would be open to constructive dialog with the united states going forward. it's, as i say, a press conference to play out of, which is still ongoing, but it does appear to be a president who wants to maintain an element of his composure here, to not necessarily immediately concede to some of the more strident demands of trump's inner circle, but also clearly would like to see the conciliatory some reconciliation occurring with washington. i should say to you as well, since the meeting with european leaders ended in downing street and in in central london today, we've heard from the french president, emmanuel macron, speaking to the figaro newspaper, he suggested one of the first key details that we've heard about this potential peace plan, which keir starmer, the u.k. prime minister, talked about gathe

i think they're better or most treasury secretary scott bessent disagrees. arguing past is pro log.e have the experience of. >> president trump's first term where the tariffs did not affect prices. but some lawmakers say the tariffs will aggravate the pricing problems. so many americans phase housing materials have gone up in price, groceries have gone up in price. energy's going up in price. >> and these tariffs will make it worse while some agree that's likely in the short term, others believe the market will just making the sting of tariffs, less severe supply chains rearrange themselves. businesses do not remain still. you know, they change. they figure out, you know, where can we get other things? the president says a 10% tariff on chinese exports is also coming soon. >> leading to more concerns about prices going in the just hours before tariffs were set to start on mexico. president trump pushed pause. >> delaying those terrorists by a month after mexico agreed to several of the president's border security demands reporting in washington. i'm trevor shirley. >> still ahead he

treasury secretary, scott bessent, that at present that deal is no longer on the table.o clearly some rectification, some restoration of that relationship needed before we go to that particular stage. and he also, too, talked clearly about his desire to maintain relationships with the united states and how urgently needed u.s. aid indeed, was so an important moment there for him to be in public for the first time. speaking about that time in the white house, he said that communications were indeed continuing since that appearance, but not between him and other individuals. obviously, his team and the trump team, it sounds as well. but i should also tell you now we're hearing some more detail about some of the practical outcomes of this extraordinary last minute crisis summit in london between a significant number of european leaders. basically most of nato without the united states, give or take a few countries. the french president, emmanuel macron, who was a peacemaker on monday between trump and zelenskyy, leading to the invitation, it seemed, for zelenskyy to the whi

people like secretary of state marco rubio, commerce secretary howard lutnick, treasury secretary scott bessent, all of whom were in the oval office during that meeting, go on the sunday shows and try to defend the president. you also heard people like senators or senator lindsey graham, but also house speaker mike johnson at some point almost argue that perhaps zelenskyy should resign. but then you also heard some more nuanced takes from other republicans like this, from senator james lankford. take a listen. >> no, we're not turning. >> our back. >> on ukraine, nor should we. putin is a murderous kgb thug that murders his political enemies and is a dictator there. and so we've seen that. we've seen his aggression. countries around him have seen that. obviously, the ukrainian people have seen that. larry snelling. >> and now kate, of course, this also comes as there are questions about how does the white house and the trump administration move forward as it relates to seeking a peace deal with ukraine and russia? but also just to go back to the speech, just very quickly, we do have new cnn pol

ukraine mineral deal left a smoldering memory punctuated by this stab from treasury secretary scott bessent. >> they were asked to leave the room. then they had to be asked to leave the building, and they were texting everyone, begging to come back out and sign the economic partnership. >> this scene late last night in d.c, a standing ovation for zelensky at a meeting with ukrainians in the us and overseas, european leaders from almost every corner with declarations of support for ukraine. meanwhile, american public sentiment remains resolutely against vladimir putin in a recent poll, 81% there saying that the u.s. should not trust him. 78% holding unfavorable views of the russian leader. and with that framing, we're going to turn to reporters and analysts here and overseas covering all these new and developing storylines. we're going to begin with nbc's megan fitzgerald in london for us. megan, welcome. so i imagine the tone of today's meeting with prime minister starmer differed somewhat from president zelensky's visit at the white house. what can you tell us? >> alex? absolutely. i mean,

scott. >> bessent, the treasury secretary. >> he said that mexico is now. >> offering to raise its. >> tariffgainst china to match. >> the united states. >> that's a. >> concession that he said would also be. >> nice to see from. >> canada as well. it wasn't. >> exactly clear whether that alone would be enough to avoid tariffs entirely, but it does show a potential new option that's. on the table. >> to try to satisfy the. trump administration here. >> and try to make. >> a. last minute deal. >> one last thing to flag here. trump also signed an executive order on. >> saturday that paves. >> the way sometime down the road for potential new tariffs on. all imports of lumber. he's launching an investigation into whether lumber imports. hurt u.s. national security. and once that wraps up later this year, he. could choose to impose duties. it's the same way he imposed steel and aluminum tariffs in his first term. and it's. yet another friction with canada in particular. and another example of how the tariff talks will continue well past today's deadline. >> frank. >> all right, megan, thank you ve

treasury secretary scott bessent gave doge employees working for the government read-only access to these systems so they could conduct the initial audit. that audit is already paying dividends. musk learned the databases federal agencies are supposed to check to prevent payments to fraudsters, crime rings, and dead people, aren't being kept up to date. going forward we will get more mileage out of these do not pay data bases meaning fewer improper payments and less fraud and waste of taxpayer dollars. despite the fraud, that has already been revealed, a federal judge in new york issued a ruling last friday that ran totally contrary to the will of the people. the judge blocked not only doge, but the treasury secretary himself from accessing his own agency's payment systems. that's absurd. only could be her treasury department unelected bureaucrats can access the system, the judge ruled. this turns the constitution on its head. we will hold this judge and others that try to stop the will of the people and their elected leaders accountable. as is written in the federalist papers, the judici