movers into the opening bell. commerceoward lutnick handing at a possible tariff compromise with canada and mexico as soon as today. tariffs would not be fully brought back but somewhere in the middle. lisa: this is where people are waiting and what hope we are seeing price into the markets. last night president trump did not talk about the idea of rolling back tariffs . he doubled down to talk about how tariffs will make united states ridge again. i am curious about how this goes forward at a time where there's a real fissure between seven the allies and a lot of people are waiting for april 2 to be the reassessment date on retaliatory tariffs. jonathan: the irony is pushing the allies to do things that are good for them. we talked about europe and germany spending a lot more. china overnight setting an economic goal of about 5% for growth for 2025. the country announcing its highs fiscal deficit target in over three decades. those moves, the kind of moves people have been talking about for years and hoping these countrie

the u.s. commerce secretary hits -- handset relief from mexico and canada. >> the tariffs will go on agricultural products coming into america and our farmers starting on april 2, it may be a little bit of an adjustment. tom: germany vowing to do whatever it takes to defend the country. plus, china pledges to support domestic demand in the face of u.s. tariffs, setting a bullish target for growth and lifting borrowing to the highest level in more than 30 years. happy wednesday. a huge day for the markets with the commerce secretary in the u.s. suggesting that there's relief in the pipeline, potentially as today for mexico and canada. does that signal that the trump is back in play after two days of losses, the longest, the most pronounced drop we've seen in u.s. stocks since december. the s&p 500 back below levels prior to president trump winning that election. european futures pointing to solid gains. largely on the commentary from the commerce secretary but also this momentous decision for germany to

so is let's -- the commerce department runs the a statistics of gdp. you know, the governments historically have messed with gdp. they count government spending as part of gdp. that lore government spending, it's one thing -- it goes like this: if the government buys a tank, that's gdp. but paying a thousand people to think about buying a tank is not gdp. it is a wasted inefficiency, wasted money, and cutting that while it shows in gdp, we're going to get rid of that, eau you how that is. but remember this, when we balance the budget of the united states of america, interest rates are going do come smashing down. when he produces the energy that is necessary, energy prices are going to come smashing down. maria: okay. >> inflation is going to come smashing down, and our economy is going to explode. this is going to be the best economy anybody's ever seen, and the bet against with it is

. >> corey new data from the commerce department appears to back up what ryan is seeing. inflation did, in fact cool slightly in january compared to december. one of the federal reserve's go to inflation gauges rose 2.5% last month compared to the year before, slowing from december's 2.6% annual rate. but that doesn't mean american shoppers are feeling relief yet. >> i think it's. >> going to take. >> some time for that to happen. >> but jenny klein, an independent who voted for trump, says she has complete faith in the president. >> i didn't get this way in six months, you know. it will take a while for the prices to come down, and i'm willing to give him the time because i feel he'll be able to do it. >> a lot of these. >> areas around. >> western pennsylvania, i'm sure, are in west virginia, are kind of like depressed. we haven't seen a lot of growth here. we hope that maybe by having the republicans and there might be some potential growth. >> brian mcgrath is a registered democrat who voted for trump. while he feels some parts of the new administration have gone overb

. >> the commerce secretary said in another network, if fentanyl ends, i think these will come off, butfentanyl does not end or he's uncertain about it, meaning the president, they will stay on until theis comfortable. is it that general or are these very specific things that you can kind of go through and check to avoid these tariffs? >> yeah. i have had very specific conservations with canadian officials and mexican officials on what they can do. so they know what they can do to help avoid this in the future. if they do it, we shall see. we all recognize that each one of these leaders has political environments in their home countries as well, but president trump means business and he mental meant it when he ran to be president of the united states again, and since he's taken office, he will put america first, and every day in this country, we have seen over the last several years, violence and unsafe streets and cities and people lose their children and grandchildren, and he's taking action to make sure that we're cleaning up the mess that joe biden left behind, and that we have a mu

welcome the president and ceo of the san francisco chamber of commerce rodney fong. good morning everybody and welcome to the san francisco chamber of commerce 2025 city beat breakfast. i'm so delighted to have everybody here this morning as we celebrate 175 years in this beautiful space here in san francisco. this is not just an anniversary reflects the history but it's really an opportunity for us to look ahead at the exciting future of san francisco. now things to you may look a little bit different the lapel pins, some coffee mugs on your table, maybe some of this backdrop. we've taken this opportunity to have a transformational moment and rebrand the san francisco chamber of commerce for its 175th anniversary. i want to quickly kind of go back to a couple of things and want to point out a company called general creative which is right over here. give them a big hand. remember that name general creative. >> they really stepped up and helped us rethink what the chamber of commerce means to the city, what it means to you ,what it means to the members and what it mea

the declaration continuity commerce. i met president of the coolidge foundation and it's a real pleasure and honor for on behalf of our chairman, amity shlaes, and members of our board who are here with us to welcome all of you. i'd like to welcome our c-span audience. this is being taped and we are awfully glad that c-span will help us share the proceedings of this conference and wide. and so we welcome our c-span audience. i would also like to thank our hosts, the library of congress and. dr. carla hayden, of course, librarian of congress, for hosting us. and in a moment, we'll hear from dr. sheri shu, historian in the manuscript division. i'd also like to thank our sponsors for making today's conference possible chief among them, the and harry bradley foundation. thank you to ambassador rick graber and his team who are here. and we'll hear from rick who will moderate a session later. many sponsors have made this possible. michael and olga block, mike and lindy kaiser, dave and connie coolidge and many others. they're l

i'm excited to hear the secretary of commerce a few minutes ago announce he is launching a review of the program, cut red tape, eliminate waste. i am thrilled to have him join me in this effort. forming bead is one important step to ensuring every american has access to broadband but it is not enough. we need to reform the permitting process. if we do not reform this process, all the money will be tied up in burdensome permitting reviews. republicans of introduced legislation to streamline the broadband process. exempting previously disturbed lands from burdensome environmental reviews. some of these bills had bipartisan suit or. i hope this new congress and the urgency of the moment will inspire partisan cooperation and i extend my hand to my colleagues across the aisle. we must do everything we can to remove these unnecessary barriers to deployment. underserved americans have waited too long the promise of conductivity. now is the moment to close the digital divide once and for all. today is an opportunity to hear from stakeholders on how to address these challenges and stop them fr

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, the san francisco chamber of commerce. t's a beautiful day here at pier 27. i spoke to one of our meteorologists at nbc bay area and she confirmed today will be the best day of the week weather wise here in san francisco. it will be seven hitting 80 degrees in some parts of the city. if you're inland more not by the coast. that's the forecast. so it's going to be a great day here in the city. a perfect way to celebrate 175 years legacy here in san francisco a truly remarkable milestone for our city and the chamber of commerce. and as we look around we are reminded of the resilience it's the innovation and diversity that have defied, said san francisco for nearly two centuries. it's incredible to think about all the progress that we've made and to be part of today's celebration is truly an honor. and we have an exciting lineup today including unveiling poll results by united airlines. yes, i got a sneak peek. very fascinating. an address from mayor daniel luria. >> he's here. economic insights from chief economist jeff krzan

so, susan, you first this time, the commerce secretary clearly alluding to justin trudeau there. ore to trump gets a better deal. i mean, incomparably more fentanyl comes in the u.s. from mexico than canada. i think last year, 21,000 pounds from mexico, 43 pounds from canada in the entire year. so how much of trump's policy is influenced by who he likes more, or who might appear more subservient to him? >> oh, i. >> think it's. >> clear that it's if you can kiss up to trump enough, you're going to get what you want. and we learned that from president zelensky's oval office visit that he didn't, you know, kiss the ring and just say thank you. that would have been enough to get everything he wanted from the president. but what's interesting here is trudeau and trump have a long have gone back a while, kind of at each other's throats. it started, i think, at the g7 in 2018 where that communiquÉ was, trump pulled out of it because justin trudeau said tariffs would be bad for canada. interestingly enough, he also was against trump's suggestion of having russia back into the g-7, the fo

. >> and later, we'll ask the u.s. commerce secretary, howard lutnick, about growing fears from americans, about the prices that all of us are about to pay. and the question involving the stability of the economy. stay with us. you're in the situation. >> room. >> amid upheaval and sweeping changes. >> the president of the united states. >> trump heads to capitol hill to share what's next. follow cnn for complete coverage and in-depth analysis. the presidential address to congress tomorrow at eight on cnn. >> what do people want from a medicare advantage plan? let's find out. >> i want a $0 monthly premium. >> i take a lot of medications, so i need prescription drug coverage. >> if you would like help making an informed decision about your medicare coverage, aetna licensed agents are standing by ready to help you find health coverage that meets your needs. >> if you're turning 65, you may qualify for medicare's initial enrollment period, which is the three months before the month of and the three months after the month of your

the u.s. commerce secretary howard lutnick, now says the tariffs on nearly all products from mexico and canada will likely get delayed by one month. president trump could make that announcement later today, but as of now, those 25% tariffs are still in place. and it comes a day after the white house said it's granting a one month exemption on any autos coming into the country. we're joined now by the premier of ontario, doug ford. premier ford, thanks so much for joining us. you've been very critical of these tariffs, which is understandable. does this one month pause that we're hearing about from the commerce secretary today on the auto tariffs. and these these other tariffs as well. ease any of your concerns. well. >> first of. >> all, wolf, thank you so much for having me on. and i start every interview with saying i love the americans. i love the u.s. but what a mess. president trump has created here. the only thing certain on these 30 days is uncertainty. we've seen investments stall in the u.s. t

on the commerce department they run the statistics of gdp, the government historically has messed withrt of gdp. i'm going to separate the two and make it transparent that lower government spending. it goes like this if the government buys a tank that is gdp by paying a thousand people to think about buying a tank is not gdp that is wasted in efficiency and wasted money and cutting that while it shows in gdp when we balance a budget of the united states of america. interest rates will come smashing down when he produces energy that is necessary, energy prices will come smashing down. inflation will come smashing down in our economy will explode. >> what do you think are you buying it? >> it sounds great. it reminds me of the accounting rules that companies try to maneuver when the reporting growth and they have the different ways to do it. it's hard to decipher. i think we have to parse through the numbers, clearly this is a disjointed market, anytime you have that you have opportunities for investors and you mentioned the february performance, that was in line with history, february i

, the san francisco chamber of commerce. it's a beautiful day here at pier 27. i spoke to one of our meteorologists at nbc bay area and she confirmed today will be the best day of the week weather wise here in san francisco. it will be seven hitting 80 degrees in some parts of the city. if you're inland more not by the coast. that's the forecast. so it's going to be a great day here in the city. a perfect way to celebrate 175 years legacy here in san francisco a truly remarkable milestone for our city and the chamber of commerce. and as we look around we are reminded of the resilience it's the innovation and diversity that have defied, said san francisco for nearly two centuries. it's incredible to think about all the progress that we've made and to be part of today's celebration is truly an honor. and we have an exciting lineup today including unveiling poll results by united airlines. yes, i got a sneak peek. very fascinating. an address from mayor daniel luria. >> he's here. economic insights from chief economist jeff krza

. >> whiplash continues, with the commerce secretary suggesting the president may be ready to meet in the middle today. and also igniting hope on wall street. this mammoth winter storm. >> sparks. >> fires, dust bowls. now, there are. >> concerns of blizzards and tornadoes. we have the latest severe weather forecast. >> i'm john berman with kate bolduan and sara sidner. this is cnn news central. >> this was not about unity. the people elected me to do the job and i'm doing it. and this morning, major questions on what president trump will do next. after telling congress, america and the world that his divisive agenda is just getting started. trump signals full speed ahead. combative trump vows to press an unrelenting agenda. the new york times trump celebrates disruption and defies backlash. politico some of the reviews this morning as trump laid bare his power in a historically long speech that touted his future plans on tariffs, trade wars, foreign wars and more. all the while attacking democrats who attacked back. >> we have accomplished more in 43 days than most administrations ac

i even took a look at the u.s. commerceepartment pages last night to see, ok, so what carveouts are there so far? we go see evidence of any yet. this is something that the president even has signaled publicly, that he does not expect to make any exceptions. the ideas come in his view, if you don't want tariffs, you have to move your production and your manufacturing here. but the trouble is come in the modern economy, for autos and semiconductors and other industries we care about very closely, the supply chains are so intertwined, and they are so global. it is really hard to just simply pick up and move the entire supply chain onto u.s. soil. it would take generations and so much investment to be undone and redone that, carveouts existed during the first administration, is an acknowledgment of that reality on the ground. so what we want to see is whether this actually is, one, if they can actually complete it, and if it goes for more than a month in a month is one thing, but after a month is out, automakers will find thems

howard lutnick, the commerce secretary, jumped in to support mr. musk. mr. duffy said the young staff of mr. musk's team was trying to lay off air traffic controllers. what am i supposed to do? mr. duffy said. i have multiple plane crashes to deal with right now, and your people want me to fire air traffic controllers. mr. musk told mr. duffy that this assertion was a lie. mr. duffy insisted it was not. he had heard it directly from them, mr. musk asking who had been fired. give me their names, tell me their names. mr. duffy said there were not any names because he had stopped them from being fired. at another point, mr. musk insisted that people hired under diversity, equity and inclusion programs were working in control towers. mr. duffy pushed back. mr. musk did not add details. end quote. all right, let's see how trump quickly reined in elon musk. quote. the exchange ended with mr. trump telling mr. duffy that he had to hire people from mit as air traffic controllers. these air traffic controllers need to be geniuses, he said. end quote, the unelected bil

what kind of compromise does the commerce secretary said? could we expect as soon as today on this, will there be carve outs for automakers? um, will will the price the 25% go down? help us better understand? >> i don't bargain on on the public airways on behalf. >> of the businesses. >> hate uncertainty. we're seeing that with the stock market. why all. >> this uncertainty? >> we've had two days of volatility in the markets and everybody's hair is on fire and nobody's. >> really know. it's not just that nobody's the. >> adp private sector hiring dropped off dramatically in february because of policy uncertainty and the slowdown in consumer spending. consumer sentiment is down over three and a half years. so it's not just the last two days. there's overall a feeling of uncertainty. i'm sure you all know. >> the most important. >> uncertainty, pamela and wolf, the most important uncertainty right now is whether we're going to be able to get the tax cuts in the bill. that is a critical part of the next ten years. if we do not get that tax cut,

the commerce department runs the statistics of gdp the government historically has bested gdp they cut of gdp, and get a separate does it make it transparent that lower government spending and the government buys a tank that is gdp propane a thousand people to think about buying a tank is not gdp is wasted inefficiency and wasted money and cutting that while it shows gdp. >> i don't know you're looking at an economy that is slowing are you worried about that? >> the things that concern me the number that came out last week was personal consumption that started to raise eyebrows, consumption is two thirds of gdp that's what you and i spent at the grocery store and whatnot. what worries me is a consumer confidence the earlier than the month numbers that's the stuff that we have to watch clearly letting people go in the government as a factor and can be a factor relative to the entire economy at this point is not large enough to have an impact. however, if the rest of us are concerned about what's going to happen to the future and we stopped consuming there could be challenges ahead. >> i

that being said, the specific code of the irs and the commerce secretary is referred to 283 it's veryry complicated. for the most partnerships are not operating in the u.s. or u.s. waters that's where the complexity comes in. >> iif a ship is not built in te u.s. it cannot fly an american flag. >> that's one of the limitations as well, you may or may not know there are no shipyards in the u.s. that currently build ships and puts aside a little bit of a disadvantage so to speak wel wed billions of taxes is industry local and state jurisdictions throughout the country probably so. any statement otherwise the mischaracterization of the industry. >> in the meantime the stock is taken a hit and analysts are starting to say maybe it's time to buy the dip will put you on the vilest 80% upside for your stock what are the growth where we used to the most growth in the coming years. >> we agree with the sentiment that we think this is an amazing buying opportunity center became the ceo about two years ago the stock of 150% almost tripled in value which was fantastic and the recent deal over the

officials, alex, over the last days that have spoken on the record about this from howard lutnick, the commerce secretary, who you just played a bite from, to scott benson, the treasury secretary, have acknowledged, like the president of the united states said this week, that there could be some discomfort and some actual ramifications when it comes to the price of goods that americans are going to have to pay, all because of the tariff economic policies that they have implemented over the course of these last weeks and intend to implement here over the course of the next three weeks, including on april 2nd, when the tariffs, the reciprocal tariffs that they intend to place on countries beyond mexico, canada and china are slated to go into effect. i want to let you listen to kevin hassett, the president's chief economic adviser, discussing what this would ultimately look like and what it would take, particularly when it comes to canada. >> so what's going on with the trade war is that we're going to have reciprocal tariffs in april. what's going on with the drug war is we're trying to make prog

maria: so the commerce secretary reiterated that yesterday. came on fox business again with larry kudlow and reiterated the idea that maybe president trump is negotiating now with mexico and canada to get that price lower. they did go into effect and they did trigger retaliation, though. >> they absolutely did. the market's up today because the market's telling you that, look, the man that wheat the art of the deal is probably negligence other uniting here and i would adhere -- negotiating here. oil prices have come down a lot. that's a tax break for the american consumer. that's another catalyst for more fire power for the consumer to spend over the course of the year. there's a lot of tail winds you can't ignore. maria: one of president trump's most important policies, adam, is drill, baby, drill. and. >> for good reason. maria: and tapping into america's capacity for energy. now, oil prices are now at a six month low. there are reports that opec plus is moving forward with output increases in april when the reciprocal tariffs kick in, adam.

maria: we're going to talk with howard lutnick, the commerce secretary, and we will get the details ons that are in the works that president trump is working on. we'll talk with the speaker of the house, mike johnson. of course, the big event of the week is going to be tuesday night when the president addresses the joint congress. and then we're talking about the ukrainian situation with mike pompeo. we're also talking about the fbi, a new fbi with devon nine if yes, sir, now that kash patel is in place as well as dan bongino. and we'll talk about more activity going to the that states. we've got two governor wanna if bees, sam in ohio and byron donalds this in florida. breaking news, i'll see you in ten minutes. rachel: oh, wow. that's an amazing lineup. thanks, maria. >> thanks so much. rachel: you got it. mardi gras kicks off the week, and we're celebrating with a fat tuesday feast. that that's next, condition wait. ♪ come on, let your colors burst ♪ ♪ and the holy spirit. my soul proclaims the greatness of the lord. my spirit rejoices in god my savior, for he has looked with favor

i'm excited to hear the secretary of commerce a few minutes ago announce he is launching a review of he program, cut red tape, eliminate waste. i am thrilled to have him join me in this effort. forming bead is one important step to ensuring every american has access to broadband but it is not enough. we need to reform the permitting process. if we do not reform this process, all the money will be tied up in burdensome permitting reviews. republicans of introduced legislation to streamline the broadband process. exempting previously disturbed lands from burdensome environmental reviews. some of these bills had bipartisan suit or. i hope this new congress and the urgency of the moment will inspire partisan cooperation and i extend my hand to my colleagues across the aisle. we must do everything we can to remove these unnecessary barriers to deployment. underserved americans have waited too long the promise of conductivity. now is the moment to close the digital divide once and for all. today is an opportunity to hear from stakeholders on how to address these challenges and stop them fro

it allows robbers -- it allows the commerce as it was originally intended. and then also to adjust costs in other instances. it really enhances the remedies available to our companies and workers in a very commonsense way. rep sewell: thank you very much. i look forward to working with you. and we have the opportunities to do the markup where we prioritize these enforcement tools. thank you. chair smith: and i recognize for the next five minutes. >> it also must recognize our ideological interests. i formally say that it is about time we have a leader in the white house sending -- standing up for interest in putting america -- america first. it is not extremist to suggest that trade deals be fair, mutually beneficial and accomplish measurable goals. if our friends choose to rip us off. in compromise for our own national security than they are seriously consequences that needs to happen. i asked to stop the and -- the importation of citrus. the dumping has negatively impacted our domestic industry. ambassador, what role do trade remedies like anti-dumping and

the peso. this is after commerce secretary howard lutnick said president trump is likely to defer the 25% tariffs on canada and mexico for all goods and services covered by the u.s. and ca which itself was the sequel to nafta. the exemption would last until april 2 and then we can start this dance all over again. take a look at the chip sector and in particular the tech sector because we do have broadcom reporting results after the closing bell today. we had more bell technology reports and they were a big disappointment if you look at the share price reaction and that is helping to be a weight on the chip sector and on the nasdaq overall. not just here in the u.s. but also in asia. the decline is in outperformance relative to the u.s. peers but nevertheless, a lot of red arrows in the tech sector. let's turn to the latest on tariff tensions and other news from the trump administration that is moving markets. kailey leinz is in washington. we started the week with a 25% tariffs on canada and mexico. yesterday we heard the commerce secretary they were going to perhaps exempt carmakers or carve out

lets, the commerce department runs the stats of gdp, you know, the governments messed with gdp count gdp i separate those two make it transparent lower government spending if government buys a tank that is gdp. but paying,000 people to think about buyings a tank is not gdp that he is wasted initials wasted money cutting that when we balance the budget of the united states of membering, interest rates are going to come smashing down when produces the energy, that is necessary, energy prices, are going to come smashing down, inflation is going to accommodate smashing down our economy is going to explode. >> mark what do you think? >> certainly would it be welcome to see emergency down biggest tfor inflation for most consumers showing expectations on inflation out a year or more spiking, but, you know, with regard to gdp now trashg i follow closely as well, usually accurate the fact down 1 1/2% contributed to largely by the trade deficit numbers that came in, if you take out that volatile trade measure gdp is positive all, showing signs of slowing from fourth quarter natural i think pul

over the next couple days if there's a 25% tariff, those pries will go up. >> these comments from the commerce secretary late in the day seem like a potential shift in policy. >> reporter: hard to say if this was a reaction to all of the backlash, backlash even from some within the president's own party. and not lost on the white house is consumer spending just dropped for the first time in nearly two years. new tariffs could have a big impact on people's willingness to spend money. >> christine, thank you. >>> joining me now, kristen welker, moderator of "meet the press," and hallie jackson, who anchors nightly news sunday. kristen, we're only six weeks into the new term. this is still a very critical speech. >> it is. president trump heads into tonight with an approval rating that is higher than where he was at this point in his first term. lower than where a number of his predecessors were at this point. of course, he had a flurry of activity, passed a record number of executive actions but he's also facing some headwinds. most americans say he should be more focused on lowering prices. of

last year, i stood in front of you and i called for the continuation of the arizona commerce authority because they know it is essential to growing business and creating jobs in this state. fast forward to last week, i announced a historic investments through the chips and science act to create arizona's first national laboratory and one of america's three flagship semiconductor research and develop in facilities. it is an investment made possible because of the commerce authority which partnered with arizona state university to bring this tremendous opportunity to our state. thanks to this historic project and support from public and private sector partners, arizona stands as the epicenter of america's semiconductor industry, an industry putting thousands of people to work in our communities. whether it is the opportunities in the trades, the pathways created through our world-class universities, or the possibilities for ambitious entrepreneurs, arizona offers a model for the nation. today, we have more arizonans working than ever before. we are the top market in the nation for manufa

massive cuts can somehow happen that anybody getting hurt as ranking member the commerce committee and committee overmedicated melamine set under set the record straight, first the committee seen direct of $880 billion in cuts the only place that can find the kind of money is americans healthcare unsightly, the sibling away hundreds of billions of dollars in federal medicaid funds without taking healthcare away from the ends of americans and if you delve me, myself and congressman boyle ricky member the budget committee, we see the response letter from the co yesterday, and that letter, they said there almost always 880 billion of his money in our committee would have to come from medicaid and there is no way around get the republicans also claim is just targeting waste fraud and abuse we know the truth is the republicans will call anything waste fraud and it grew and abuse is taking people's healthcare and reality is states cannot absorb hundreds of billions of dollars medicaid cuts in whatever form they take and at the end of the day, basically left with three options to address the

carl. >> we're going to talk to the commerce secretary. ight after wholesale trade. hey, rick santelli. >> yes, i'll tell you, these these numbers go right along with today's trade deficit. if you look at the january final read on wholesale inventories, it was up 8/10 of a percent. up 8/10 of a percent. why is that so important. that's the biggest inventory wholesale increase since yes you guessed it august of 22. and if you looked at this morning's trade deficit, it had a record number of imports, up 10% to 401 billion versus exports, which were 267 billion. tariff front running is definitely having an effect here. and you can see it in all the numbers. now, the sales side of this equation. wow. and this also gives us an idea of why we're seeing these deficits skyrocket. the inventories are coming in. but the sales they were down 1.3%. that is almost three times more than expectations in the other direction, we're expecting up half of 1%. we're down 1.3 in the rear view mirror. though to be fair, there was a big revision in december from u

that's according to a report by the commerce department. consumer spending wasxpected to drop in january after the holiday shopping rush, but consumers spent far less than economists expected. spending fell by half a percent. that's the biggest monthly decline since february of 2021. car sales and other big ticket items saw the biggest drop. but shoppers continue to spend money on the essentials like housing and gas. pg&e customers will be hit with another price increase in march starting next month. the utility says bills will rise by an average of $3 a month for a typical residential customer. customers who receive electricity and gas services from pg&e paid an average of $294 in january. that's up $11 from the same time last year. pg&e says customers are helping pay for some of the company's wildfire related expenses. they expect customer rates to start to drop in the fall once those expenses are all paid off. nbc bay area continues to celebrate black heritage this month. music is often considered the universal language, and there's a you

i mean the commerce department, i've met some amazing people. these people are extraordinary and they're giving of themselves for america. we've got to cut the size of government. government has grown insanely. we've got to cut the size of this government. the president's advice and guidance was, let's be super sharp, let's make sure we cut with a scalpel, let's be sharp, let's be clear, and let's make sure we do it right. we all agreed -- the cabinet is one on the topic. we have the greatest technologist in the world, the greatest technologist in the world, comes to the meeting wearing a t-shirt that says "i'm tech support." imagine you have the greatest technologist in the world coming to help you. how great is that? >> just to put a fine point on it, who did the president say was in charge, you and the cabinet secretaries or elon musk? >> he is in charge. let's be crystal clear, he did not tell me i'm in charge. >> but of your agency, who is in charge of your agency? >> we listen to him. >> who is in charge of your agency, you or elon musk? >>

chair cruz: the senate committee on commerce, science and transportation will come to order. the committee will construe the adoption of the budget for the 119th congress. we will move into the hearing to examine the critical role of spectrum policy in driving the u.s. economy. the budget resolution authorize the expenditures from march 1, 2025 until february 28, 2027. we were given this allocation by the rules committee -- for a two-year budget. that is the end of my extensive remarks and since this is a ministerial task, that will hopefully be adopted by unanimous consent. i recognize the ranking member for a motion. >> i move that the budget be reported favorably. chair cruz: is there a second? all those in favor say i, all those opposed, the motion is agreed to. this concludes today's votes. all right, we will now move on to the hearing. good morning. auctioning spectrum has been one of the most successful drivers of american innovation, economic growth and global to elegy leadership. -- global technology leadership. enabling our nation's wireless networks to deliver faste

that's the message from the commerce secretary, just as he also says very quickly, quote, it's a fluid situation and maybe an understatement of the year. so what does it mean for american consumers. and all of the highlights from oscars night? the fashion, the winners, the speeches. they're still talking about. >> it was just over a year ago. she said, i will give you four when you win an oscar. i held. >> my hand out. she shook. >> it. and i have not brought it up once until just now. >> you remember that, honey. >> you do okay. >> amid upheaval and sweeping changes. >> the president of the united states. >> trump heads to capitol hill to share what's next. follow cnn for complete coverage and in-depth analysis. the presidential address to congress tomorrow at eight on cnn. >> and with a.i. >> we can look at so much more than. >> sales data. >> see that.? >> predictive analytics. >> how long have you been doing this? >> as long as we've. >> been with. >> people who know know b.d.o. some people. like doing things. >> the hard. >> way. >> like doing their finances with. a spreadsheet in

i want to get your reaction to what we are hearing right now from the commerce secretary. for them to be rolled back to some extent, or at least find some ways for workarounds for sectors that have been complying with the usmca? well. >> i think the president made clear last night that he wants an even playing field. he wants fentanyl to. >> stop flowing across. >> both our. >> our our northern. >> and southern border. but he also made clear, i think, that that. >> the tariffs. >> are a negotiating item for him to be able to achieve his goals, which is. not just parity. >> but also. >> prosperity here in. >> the united states. so i would imagine this is going to be. >> very fluid as we move through. >> the next. >> several months, particularly with. mexico and canada. i think that we obviously. >> import a lot of energy. >> from canada and that that's being treated differently already. the automotive sector. >> there's a lot. >> of free flow between both borders. i think on the supply chain. >> side, but also on the. >> assembly side, we have a toyota. >> plant in west vir