so treasury secretary scott bessent talked growth. senator john kennedy will be here, ending social security fraud and help elon musk doge recisions or great friend newt gingrich on trump's golden age, ej antoni and new cabinet member, kelly lefler on the important of trump's tax cuts on small business. but first fox news peter doocy is live at the white house. peter what's cooking. reporter: larry, i just came out of oval office, where president trump talked about a meeting he had today with majority of the cabinet and elon musk. they were just making sure it is a something road forward, he told cabinet secretaries that they need to work with musk. not because he thinks he is doing anything wrong or he is going too fast, he wants them to work together on issues of staffing, the cabinet department to keep staff they want. and let musk know which they don't want so they can continue cost-cutting like that. >> and it was a good meeting about cutting, everyone knows country is way out of control. in terms of the number of people we have

bessent: the spending is too high. yes, i just talked about that the spending is too high, and i think that, larry, you and i have talked about it, i've seen glenn hubbard talk about it in ecny seminars, but if you can change the growth trajectory, then we can grow our way out of this debt. and again, another one of the reasons that i'm sitting up here and not out there was i was afraid that four more years of like we just had would make it impossible to grow out of our debt, that the accumulated debt stock would be just too big, and you would have to go into a european-style system where you're working all the time just to pay off the debt. i do think we are taking this seriously. i do think this is the last chance bar and grill to get this done. and imagine if we think about a growth trajectory, and again back to cbo scoring, cbo scoring scores in the projections, they talk about or they use 1.7, 1.8 percent baseline growth for 10 years, whether you cut taxes or raise taxes. so if we are sitting here in a year and we

bessent: thanks, larry. >> great. announcer: "washington journal," are live for him involving you to discuss the latest issues in government, all the text, and public policy from washington, d.c. and across the country. coming up saturday morning, we will talk with the washington examiner all meant security and immigration a reporter about the drop in illegal crossings at the southern border and immigration of oarsmen under the trump administration. then a watching to news correspondent assesses the federal government's approach to the measles outbreak in texas and other key health issues. join in the conversation live at 7:00 p.m. -- 7:00 a.m. eastern saturday morning on c-span, c-span now, or online at c-span.org. >> mr. speaker, and this is directed the house of representatives opens its proceedings for the first time to televise coverage. announcer: stench of march -- since march of 1979 c-span has been your unfiltered view of democracy, bring you coverage of congress, the supreme court, and the white house. it ex

are coming down and bessent is a growth guy. always been a growth guy. i talked at some length about trump's tax cut policies where the president wants all the 2017 tax cuts plus no tax on tips or overtime or seniors benefits after all. growth is so important, and i mentioned that the combination of tax cuts and deregulation and the rest of the trump program over the next ten years and subpar 1.8% cbo baseline. that would be worth $3 trillion more in resources created by the private sector. talk about the need to re-prytize the american economy in order to e7bd joe biden's failed big government socialism. trump tax cuts croix hence and i have scored and deficit neutral the way cbo scores the current services baseline were spending increases every year. on every price. mr. bessent talks about importance-over reducing government jobs and increasing private jobs. brilliant mind and tremendous intellectual grasp of key issues that will fulfill donald trump's mission of a new golden era for america. and that's the riff mow it's my gr

scott bessent and a.i. policy czar, david sacks, also speak. [applause] president trump: thank you very much. pres. trump: thank you very much. thank you very much, everyone. great honor to have you. i know you've all been working very hard and very successfully and it's a wonderful place, the white house. i want to begin, is gianni here from world cup? i want to thank you for this selection and they just had a presentation in the oval office and i thought this was such a beautiful -- this is the trophy, this is a big deal. the world cup is the biggest sporting event and gianni infantino is my friend for a long time. during my first term, we worked out a deal to get the world cup. and then, because of lots of interesting things that happened, i end up being president -- i was disappointed, i wasn't going to make it, i was going to serve eight straight and we did it the hard way but maybe the more important way so i will be with you as president, gianni. so maybe you could say a few words and show how beautiful the world cup trophy is. sure, ple

bessent he has his hands on the economic levers. so i'm going to begin by taking stock of how the trump administration's economic policy is performing to date. inflation expectations climbing ominously. consumer confidence, the worst it's been since the thick of the pandemic. first quarter gdp forecast tumbling from a projection of 4% growth to a 2.8% contraction. unemployment numbers starting to climb. stock markets scary. housing starts sinking into the basement. and a host of leading economic experts and business leaders are sounding the alarm over the damage trump's tariffs are going to do to our economy as families and businesses get walloped with price increases. in short, my view is the trump administration is driving america's economy into a wall, and typical families and small businesses are strapped in. as the crash test dummies. between all of that and what elon musk and his band of unaccountable unvetted staffers are committing all around the federal government, it sure looks to me that the prospects for recovery in the

sacks: i want to pass the ball to secretary bessent.retary bessent: today, when president trump has signed the executive order to establish the strategic bitcoin reserve and stockpile, we're going to position the united states as a leader among nations in the digital asset strategy. it's important for the united states to recognize this fact and get ahead of the other nations in the digital age. we applaud the president's direction to use digital assets already in possession of the nation and we are going to establish this bitcoin reserve. we use this authority to augment the asset side of the united states balance sheet. as i've said many times, president trump is creating assets for the american people while most past presidents have created debt and a large part of this asset program can be in digital assets. we are going to end the regulatory weaponization against digital assets. the biden administration's actions did nothing other than punish innovators and that all of you have made it here today is really a testament to your forti

bessent when he was here. we heard him say he would solve this problem mr.irman when he was here by cutting discretionary >> that he was going to deal with what is now at deficit and its 6% of our gdp by cutting discretionary we heard the president say the other night he was never going to touch medicare and never going to touch medicaid and that he was going to rim his tax cuts through for everybody he said in america. america should know though by the way the last time he did this 55% of the benefits went to the top 5% of americans and it turns out the congressional budget office was correct when itec said it would it to billion dollar hole in our deficit. so in my mind it's no different and i've said this before and i won't belabor it, it's no different than a mayor of any city in america saying we are going to go out and borrow more money than we have ever borrowed before in the history of my town and i would say that makes me nervous and what he going to spend that owns mayor of denver or read parts of my stay. are you going to spend that money on schoo

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

bessent: it is an honor to be speaking here today as the 79th secretary of the treasury of the united states. it was only six months ago when president trump laid out his vision to restore american economic prosperity to this very group. it is a privilege to be here both as a member of the trump administration and a long-time member of the economic club of new york to explain how we will deliver on the president's vision. today, i'm going to address three critical pillars of president trump's america first agenda. america first is about more than just domestic or international policy, more than just economic policy and national security policy. it is a holistic program that serves the goal of improving the lives of every american. to that end, i will touch on three priorities for the treasury department, each of which is part of the overall agenda. in this speech, i will not address tax policy. it is the foundation on which the three pillars rest. larry kudlow and i are going to have a detailed discussion in the q&a on tax policy, including the president's priorities on permanence, cu

scott bessent, the treasury secretary thomas that he's focused on getting this rate down., the gdp now tracker is estimating that we will see a contraction of growth in the first quarter. they are expecting 2. 8% contraction in the first quarter after we could than expected ism manufacturing date is this weekend people are wondering if this is the reason yields are falling. federal reserve president and ceo, former fdic vice chairman and now distinguished senior fellow thomas hoehn egg is here right now. great to see you, thanks for being here. first i got to get your take on the macro story and these new worries that doge cuts, cuts to government spending could induce a recession and add tariffs on to that, how do you assess things right now? >> obviously volatile to say the least. number one, the spending cuts are absolutely essential, they are going to be painful i suspect on the broad spectrum, the tariffs are a tax, an increase in taxes that will slow the economy further and that's what you see in these 10 year yields and i don't think the fed can do much about it to

if scott bessent decides that's what he wants.s what the court of under board of governors is for. that's one of the reasons i did not sign the letter. >> if they don't name a replacement to michael barr then are you okay with jay powell absorbency role of bank supervision into his role. >> jay powell will assume his duties and do what he thinks he needs to do but again the board of governors to make that call and make that decision if president trump thanks one is needed to affect the board of directors and direct them that i'm fine with that. the fact that the letter came pretty quickly a lot of us did have time to review it. but we'll see who he names antifreeze in place will go along with it. maria: a dozen senate committee chairs appointee john thune to rewrite the budget set of moving forward with the past house budget. this growing frustration over the consideration of your long government funding bill that could cut defense spending where are you on these issues as house democrat has launched new ads in 23 congressional di

treasury secretary scott bessent speaking to the american press.will be a detox period for the american economy and we could see an economy starting to roll a bit, an economy we have inherited. lisa: there is the question of a shallow downturn that lowers bond yields, weakens the dollar to bring investment to the united states -- if you believe that could be a tool used, and redo trade for something else. that is one conspiracy theory out there. to your point, this is deliberate and something they welcome. it is the reason they are targeting the 10-year and not the stock market. jonathan: just to be clear, it is not my point. it is out there. lisa: it is fair to illuminate something we've been hearing. annmarie: maybe there's confidence they can handle it because the u.s. economy is so strong, which is why people are looking at the lagging dated understand how strong the economy is. jonathan: equity markets are for mark. jobs data comes later. an update on stories elsewhere. dani: china's top diplomat attacked president trump's approach to china an

treasury secretary scott bessent joins me here in washington.ould touch him but he told me not to. ♪ - bye, bye cough. - later chest congestion. hello 12 hours of relief. 12 hours!! not coughing? hashtag still not coughing?! mucinex dm gives you 12 hours of relief from chest congestion and any type of cough, day or night. mucinex dm. it's comeback season. our xfinity network is built for streaming all the stuff people love. how can it get any better? -i'm just spitballin' here, but, what if we offer people apple tv+, netflix and peacock? for one low monthly price. -yes. so, people could stream the shows they love. and we could call it... xfinity streamsaver! mmmmm. what about something like: streamsaver? ooooooo. -i love that. add streamsaver with apple tv+, netflix and peacock included for only $15 a month... and stream all your favorite entertainment, all in one place. >> brian: all right tonight president trump expected to tout economic wins first month in office when he addresses a joint session of congress. treasury secretary scott bessent

larry: is important to re-privatization that scott bessent keeps talking about. it's a very important concept. it sounds like the president mentioned in the oval office today. yet federal jobs fell 10000, state and local jobs went up 20000. it's kind of a push. but i think there is more coming. the other thing i want to mention, correct me if i'm wrong, 160 million civilian workforce in this country, 160 million. what were learning from the doge effort of downsizing personnel in washington, d.c. in the swamp, 30, 40000, 45000. i'm seeing left-wing economists who are crying and clutching their pearls and crying their eyes because we're going to lose 40000 jobs in the going to say it's going to decimate the economy and draw us into a deep recession even though 40000 as a percentage of 160 million is nothing, you can even find on your calculator. really. >> is a rounding error. >> absolutely right there is not good to be a depressive economic effect. longer-term we had great growth when donald trump was president and we were losing jobs month after month and the fed

celebrate throughout the country as well, we slip in a break a letter to treasury secretary scott bessent demanding bank chairman for banking supervision, texas congressman williams signed the letter will join me to discuss it don't miss president trump's joint address to 9:00 a.m. eastern you can join me live to watch it you are watching "fox business" we'll be right back. . ♪ can i have another pancake? from full house... ♪ ...to empty nest... ♪ ...to free birds. ♪ vanguard. we got this. fifty years of helping you invest for every chapter. only servicenow connects every corner of your business, putting ai to work for people. pfft ... every corner? every corner, nick. ow! so kate in hr ... hey kate! ... can focus on people, not process. patty in it is using ai agents to deal with the small stuff, so she can work on the big stuff. and ai helps jim solve customer problems before they're problems. oh. so we all work better, together! my work here is done. excuse me, which way back? maria: welcome back, we are awaiting the trump administration to name a new vice chairman of federal reserve h

scott bessent made this very point. medium term, which is what we're focused on, it's a a focus on main street. wall street's done great. wall street can continue to do fine. but we have a focus on small business and the consumers. so we are going to rebalance the economy. charles: joining me now, chief economist e per discuss at the coalition for a prosperous america, jeff bear arely. i want to pick up on what scott bessent was saying, that somehow wall street has convinced main street to measure their own personal well-being by watching the s&p 500. if obviously, that's a mistake, but your thoughts. >> yeah. i think what scott bessent had the to say, charles, makes a hot of sense. i mean, look, there's a couple of things going on. the short-term macro economy, there's some so issues there as you pointed out. web talk about that, but i think what the secretary of treasury was referring to is that that over the last 20 years this phase of globalization has benefited wall street, and it has hurt main street. we've sent 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

scott bessent telling our own larry kudlow that congress needs to tax cut in budget bill. >> the closer we get the bill expiring the more that i would call uncertainty tax goes up because the longer that we wait the bigger the chance that the unthinkable could happen and we can have a catastrophic tax increase. maria: the house ways and means set to begin hashing out plans to enact the tax agenda next week. what can you tell us in terms of when we can see that materialize giving the debt issues. >> the secretary is right, $400 billion if the tax cut in job act would expire it would be a 22% increase on average taxpayers, you would have 40 million families with a child tax credit cut in half and you would have 26 million small businesses not receive the 20% deduction and the highest rates and they would receive a tax hike, unacceptable. our families need relief small businesses need relief and we need to similar economic growth. tax cuts are centerpiece of the economic agenda. that's why the resolution which has the budget target needs to be adopted by the senate. we can hash out policy

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

stunningsly i think will continue to companion its lead, secretary bessent focus on ten year you are decline in expectations for growth evidenced by atlanta need but here again kind of interesting to look at it. we had basically a 55 basis points decline in 10-year yield over the last month or so, of that, only 10 basis points is explained by inflation expectations, so again, inflation expectations remain really pretty sticky, on the real growth number that is doing the heavy lifting so i think, you know you could see bonds continue to rally if growth estimates continue to move lower and, again, i think that is very sh bullish for gold i would stick very it. >> great to see you stephanie pomboy with us, we will see you soon dow industrials up 29 well off the highs of the morning stay with us. we'll be right back. (vo) weight loss. for so long, i felt stuck. but zepbound means change. zepbound is for adults with obesity to help lose weight and keep it off. it's changing what i believe is possible when it comes to weight loss. it's changing how much weight i lose. up to 48 pounds. and

. >> bessent is coming up at. 12:00 gmt. >> president zelenskyy says ukrainian and us. >> delegationsill meet. >> in saudi arabia. >> next week. in a statement on his. >> telegram channel, zelenskyy said. >> ukraine would work. >> constructively for a, quote. >> quick and reliable peace. >> he is scheduled. >> to meet the saudi crown prince on monday ahead of those negotiations. eu leaders have backed a proposal. >> to. >> boost defense. >> spending across. the bloc. >> the european council called for the commission to urgently enact the plan, which. >> could mobilize. >> as much as ■k7800 billion. bt leaders could not. >> reach agreement. >> on ukraine with. >> hungarian prime minister. >> viktor orban opposing language, pledging more military aid and setting out conditions for peace talks. text that was instead issued by the other 26 leaders at the summit. sylvia filed this report from brussels. >> european leaders. >> have agreed. >> on new. >> measures to. >> step up. >> defense spending. >> among those are. >> ■k7150 billion. >> in new. >> loans that the member states. >> will be

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

and mark cormack of td as secretary bessent pictures fortress north america.this hour stocks study. mohamed el-erian writing a heavy data week on top for the u.s. with the monthly jobs report, lots of speaking engagements, including scott bessent and jay powell. welcome to the program. where to begin? i think we start friday and the rupture in transatlantic relations and their breakdown in the oval office. when you saw that and you think about the consequence it could have for the economic picture in europe, for military spending awakening for financial markets, what are your thoughts at the moment? mohamed: thanks for having me. my thought is that feeds into some existing themes, both top-down and bottom-up, and intensifies them. top-down, we have had issues of fiscal realignment, and that will feed into fiscal realignment, including putting pressure on the debt rate in germany, including the question of how does it interact with what d.o.g.e. is doing in the u.s. secondly, it feeds into the energy market. third, it feeds into the realignment of the global or

i mean, you heard bessent say, you know, cheap goods is not the essence of the american dream. many may beg to disagree on that. on that fundamental point, but what do you think about the fact that that that this is how they're saying, well, it's just it's just a little bit of price for now. >> yeah. look, the governor is the politician here, but let me offer a little free political advice, and i suspect he would agree with it. if you're a millionaire, especially if you're a billionaire, you should never tell people not to worry about higher prices. all right? that should just be something that's kind of etched on everything you you think about. this is we know that the american consumer has been dealing with this this problem, this challenge, these pressures for a while. and when i was in the biden administration, we were doing what we could to help cut costs. we can argue about how far we got, but but we certainly never thought about doing anything that would raise costs. and here we've we've talked about they're on pause for now, but they're on pause for only a month. we're

i think what scott bessent is saying is actually really important. he is working to get the long end of the curve down. we actually don't have any manufacturing and construction job growth right now, and we can see it in our business. mortgage rates above seven. things slow down dramatically. mortgage rates below seven activity picks up. and so. >> even at 6.6 you think that makes a difference. >> it definitely makes a difference. and so we've had an economy that's been driven all by services goods. actually we haven't had any jobs and we've barely had any inflation. as services slows, i think what scott bessent and others are saying is we need some pickup in the cyclical parts of the economy, particularly if we're going to have some consternation in autos. and so he made this comment several weeks ago about really focusing on the ten year. yeah, there's a signal in that. it's a very important signal for the for the for the economy. >> someone i can't remember who said it the other day that the fed's in charge of the short end, but elon musk is in ch

and always got the impression that janet yellen wasn't totally engaged and bessent is.istration has and in the red on the screen is they're not selling their plan. scott bessent waited till the end of his speech and he basically said, you know, here's the positive maga agenda you should be focussed on. we're going to de-leverage the public sector, we're going to levage up r price by giving them tax cuts and regulatory relief. he gave the speech and with kudlow and sort of intellectual prospect it's not working and market said it's not working and show positive maga. liz: the market is not cassioppi cementing it and nasdaq folks in correction about to close and down 10% from the recent sighs and nasdaq down 490 and needs to close under 400 to solidify that. commodities are spiking and heating up ahead of valentine's day and cocoa futures are melting down and 9% losses so far this week. and that's actually creating an investment opportunity according to today's count down closer. joining us now, capital ceo jeff mcclain. jeff, hershey just wasn't so i wonder where you lik

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

secretary bessent said that. there is a trump put four treasuries more so than equity markets. might say this is a policy error, but for them this may be a part of the strategic strategy. they are willing to take the pain now. i think the markets are underestimating that possibility. maybe the way we are thinking about this administration is wrong. annmarie: the treasury secretary excited about where yields were. today, wti is down 1%. what is the pain threshold they are willing to accept when it comes to equities? jason: that canoes will probably correlate with economic data. if you see job gains below 100,000. unemployment rate ticks up, if you see inflation going higher particularly for goods that people buy on a regular basis, then it becomes a political problem. that becomes more of an issue than the stock market. i also go back to 2018. not fun times in the market, but the s&p fell 14%. there was a lot going on. including a government shutdown. that is clearly not the case. jonathan: 5% pullback is not going to get it done. what a tricky moment for the global economy and

the actual treasury secretary, scott bessent, was not at the cabinet meeting because he was on the road defending the trump tariffs. here's how that really good meeting went for trump. secretary of state marco rubio. first, keep in mind that marco rubio has always exactly known who donald trump is. >> donald trump is a con artist. the party of lincoln and reagan and the presidency of the united states will never be held by a con artist. >> all right. here's the new york times on how it's going for marco rubio. quote, marco rubio was incensed. here he was in the cabinet room of the white house, the secretary of state, seated beside the president and listening to a litany of attacks from the richest man in the world, seated diagonally opposite across the elliptical mahogany table. elon musk was letting mr. rubio have it, accusing him of failing to slash his staff. you have fired nobody, mr. musk told. mr. rubio then scornfully added that perhaps the only person he had fired was a staff member from mr. musk's department of government efficiency. mr. rubio had been privately furious with mr

administration's efforts to make financial regulation more efficient, with treasury secretary scott bessenthe also addresses community banking, tariffs, overuse of sanctions, and shutting down the oil sector in iran. this is hosted by the economic club of new york. sector. this is hosted by the economic club of new york. >> it is a privilege to be here, both as a member of the trump administration and a longtime member of the economic club of new york. to explain how we will deliver on the presidents vision. today i'm going to address three critical pillars of president trump's america first agenda. america first is about more than just domestic or international policy. tic or international policy, more than just economic policy and national security policy. it is a holistic program that serves the goal of improving the lives of every american. to that end, i will touch on three priorities for the treasury department, each of which is part of the overall agenda. in this speech, i will not address tax policy. it is the foundation on which the three pillars rest. larry kudlow and i are going

not access, not access to cheap goods that, according to our treasury secretary scott bessent, who is making a very compelling case for the president's economic vision. plus, is skilled labor making a comeback? we'll check in with the one and only mike rowe and jimmy failla will put a smile on your face straight ahead this friday night. >> fire. >> there are. >> some things. >> that. >> work better together. >> like your workplace benefits and retirement savings. voya helps you choose the right amounts without, over. >> or under investing. >> across all your benefits and savings options so. >> you. >> can feel confident. >> in your. >> financial choices. thank you so much! >> they really know how to put two. >> and two together. >> voya well. >> planned, well. >> invested, well protected. >> hi mike huckabee here. having spent many years in politics, i can comfortably say that the current climate is enough to keep any of us awake at night, and i safeguard my well-being by making sure that i get a good night's rest with relaxation and sleep. america's number one trusted sleep aid. >> i

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

scott bessent and a.i. policy czar, david sacks, also speak. [applause]

disturbance and then this today, this morning on this very network from treasury secretary scott bessent. listen. >> there's going to be a. natural adjustment as we move away from public spending to private spending. the market and the economy have just become hooked. if we become addicted to this government spending and there's going to be a detox. >> period. >> what do you make of that comment? what do you think it means for how people like you who are running real money portfolios and trying to be a chief investment strategist for their firm, are supposed to do. what do you do with that? >> it's hard, but i actually agree with it. that's why i mentioned the jobs report number today. with the private payroll growth of 140,000, that's actually kind. >> of. >> consistent with what we've been seeing. it's the government side we know that's going to slow down. >> so you. >> actually have to look at the quality. >> in. >> my mind of the quality of the job market and really parse through it. and so if the private market and they're still hiring, that's a good thing. and that actually feeds b

so, you're working -- this is important for folks to know, you and scot bessent are working with theeople in the senate and house to produce a policy. these are trump policies. these are trump tax cuts, these are trump budget cuts and they'll have trump's imprompter on them and probably hear about them tonight. >> yeah, you definitely will tonight. it's something we talked about with the president in the overall yesterday and when history writes the record of this amazing year, then one of the thins they'll say is that we passed trump tax cuts and they were the biggest cuts in history by a lot. and those giant tax cuts will create enormous amount of economic growth and paid for and they'll be paid for by ending all this wasteful government spending and we're doing it with congress and doing it with doge that we have got in the roosevelt room and speaker and majority leader and other members of congress and everybody in behind the idea and the point is right now till congress acts, we're an economy that's being governed by joe biden's policies and we have to get these passed so the go

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

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scott bessent said there will be a transition period. i get that. but do the american people?f not, how do you tell them? >> look, bill, the important thing to understand today is that we've had a very large number of americans dying. super bowl full number every single year. it's over a million now over the last ten years and it is fentanyl. it is fentanyl from communist china that comes over in 50 gal an drums. made by mexican drums not just fentanyl but lace the heroin, cocaine. i don't think this is well-known. prescription drugs. let's say that you are struggling to buy your prescription drugs. xanax, valium, and others, all these things are being laced with fentanyl. about 80 million fake prescription drugs were seized by the d.e.a. in the latest year available that we have. six out of ten fake prescription drugs are laced with lethal doses of fentanyl and we are just -- president trump has said no more to mexico, no more to china. not going to happen on his watch. right now this is simply an action to stop americans dying. it just has to stop, bill. everyone right now i

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

the president is well aware of it treasury secretary well aware scott bessent speaking about america'ss to cheap goods is not the asset is not essence of the american dream, the american dream is rooted in the concept any citizen can achieve prosperity upward mobility economic security. for two long designs of multilateral degrade deals loss sight of this international economic relation that is do not work or go american people must be reexamined. >> what did you think of the speech your reaction. charles: loved it, absolutely loved it, in a way that was so -- so thoughtful, as much more thoughtful than i could have done, because --, maria, it is heartbreaking when kissinger nix ornamental want to china the annual salary 150 dollars, then we had same globalists told us ship our manufacturing there because these jobs aren't world while now number one economic liable you can't keep telling me jobs aren't one thing or another while who willoff out middle of the nations create a drug crisis hopelessness crisis say we can't status quo we have to understand a major difference between saying

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