valley is collectively new and asking people if they'd be willing to help, what was the department of government efficiency for about 80 hours a week for no p. so it's not entirely clear how many people responded to that. but the whole idea, of course, it is going to drive savings that somewhere along the lines, the government is spending too much money in which we mail be true. but every politician who's ever entered the white house has promised the exact same thing. no one has ever one election in the united states by saying we're going to spend more on government bureaucracy so you can understand why people little bit skeptical about the role that you own must school. please remember the alone must was sitting on the fence in this election until that event in butler pennsylvania in july. and he said that changed his mind and he decided to get on board with donald trump endorsed them at a big raleigh. not long afterwards, where he was seen jumping around and on the stage and effectively since the elections, he's based himself with model. luckily the total comes florida home. he's taking a bill

the department of government efficiency was announced a couple months ago. e really big questions about it. it is not actually a department of the government. it is an outside advisory group that has within moments of trump being sworn in faces a lawsuit from a number of groups, labor unions and others, arguing it is operating outside of the rules for government advisory groups. it's certainly having one less leader at the top does increase the efficiency of the department of government efficiency, even though it is not a department. tamara: the one thing i would also add his washington has changed a lot since 2017 in terms of, as tam pointed out, the tines of people he has around him. amy: congress, 68% of members of the house have been elected since 2016. when we talk about norm busting, for so many of these folks, this is their normal. there's nothing odd about the way donald trump is behaving. so much about washington and the way people consume information has changed. the way that people are getting their information from social media or from other news

otherwise, i am very excited to see the department of government efficiency.he money spent in this country is out of control. it needs to be fixed. donald trump and the people he is putting in his cabinets are the only people to people of doing that. take a look outside, you do not have to watching the news every day, you do not have to let them tell you what to think. go outside and touch some grass. host: members of the president's hopeful cabinet, once they get confirmations, making their way into the ceremony as well. vivek ramaswamy and others, getting their seats. kevin hassett on the right of your screen, serving matters of economics for the president, intel's e-gov are, hoping to become the next rector of national intelligence. graham in new jersey, democrats line. caller: hi, i want to wish everyone mlk day. -- a happy mlk day. i am disappointed the american people desire another four years of trump. i am also disappointed in people not choosing alabama for the college football finals. host: ok. graham there. we have pictures of more of the president'

in the private sector, and by the way, he's a slash and burn department of government deficiency. and i would, i would be very interested to see if it slashes and bugs the nasa budget from which space x gets all of it's context. something we've been me designated and that's probably what happened. i, i suspect you might be right. i'm are very, what do you make of this? and you see this is just an extension of a very longstanding condition in the united states and other countries where oligarchy, power kinda over determines the politics or do you see something unique or different? in this case? no, i think there are 2 reasons why this is significantly worse. one is the scale of the speed at which the information at which this kind of data can be pulled together that turns into power. and the 2nd is the reach, right? this is global, this isn't just the united states. you know, when you learn mosque decided that ukraine could not bomb russia through, through his satellite network. he wasn't elected, he wasn't the government official. this was something that the private sector didn't r

you have a department of the federal government to get rid of government waste.putting that to the side, is it legal? >> well, the answer is probably yes. and i think as we'll discuss this entity called doge is probably a bit of a hybrid among all the activity that happened here in washington yesterday. there were three cases that burst into the d.c. courthouse federal doors claiming that doge is violating a federal statute requiring advisory committees to turn square corners if they're going to be advising the president on certain aspects relating to public policy in practice. and it's a very interesting read, because they say that they don't have a charter that needs to be filed with the library of congress and certain federal agencies. they're not operating in transparency and so forth and so on. here's the only problem. it bursts so quickly in the courthouse doors that it was instituted before doge was even authorized to form via an executive order. it's being served against two agency leads that haven't even been authorized to begin their job by the united s

elon musk and vivek ramaswamy aren'tjust running the so—called department of government efficiency, they'reey and reflect donald trump's fresh enthusiasm for the tech sector and crypto. so, how will these very different agendas be made into one? he's notjust getting one echo chamber but actually having different views about what to do, what the impacts will be and then, he's gonna make the decision — as is rightly his decision. we know from his first administration that donald trump likes a white house full of different factions, struggling in loud disagreement. it seems that when it comes to his economic team, he's done that again — which could lead to all sorts of fallings—out in the global economy. michelle fleury, bbc news, new york. so those are the players but what about the policies? donald trump has vowed to issue a slew of executive orders on his first day in office, including a crackdown on immigration. adrian ang, a research fellow and expert in us politics at rsis, explains what we can expect in the coming days. trump will move first on domestic politics, as you mentioned. there

my administration will establish the brand new department of government efficiency, the after use and use of illegal an unconstitutional federal efforts to restrict free expression. i will also sign an executive order to immediately stop all government censorship and bring back free speech to america. the never again will the image power of the state be weaponized to persecute political opponents. something i know something about. we will not allow that to happen. it will not happen again under my leadership. we will restore fair, equal and impartial justice under the constitutional rule of law, the law, and order back to our cities. this week i will also end the government policy of trying to socially engineer race and gender, and do every aspect of public and private life, the new afford, j society that is to for blind and merit based today, it will henceforth be the official policy of the united states government that there are only 2 genders, male and female, the this week i will reinstate any service members who were on justly expelled from our military for objecting to the cover

president of the atlanta council, also associate professor at georgetown university and the department of government and school of foreign service master. thank you also for being with us and i want to go to you 1st when the pop. ringback list right wing leaders around the world. look at donald trump and i mean from it can be the former brazilian present. enjoy your both scenario. it can be the current argentinian president, heavier mulay. it can be the current. i'm gary and prime minister victor or bad. when they look at donald trump, what do they see? do they see an ally? do they see an outlier? to the see a big brother what why i'd say something of an ally and a big brother and um, and in the setup and uh often people, motors to these parties. and i do think that they see each other as allies. they see that they're dealing with similar challenges domestically in terms of the issues and also in the political parties. and i think that's also a norm all over the years. you social democratic parties, internationally seem to understand they have something in common. most of this new nationalism is som

my administration will establish the brand new department of government efficiency, the after use in use of illegal and unconstitutional federal efforts to restrict free expression. i will also sign an executive order to immediately stop all government censorship and bring back free speech to america. the never again will the immense power of the state be weaponized to persecute political opponents. something i know something about we will not allow that to happen. it will not happen again under my leadership. we will restore fair, equal and impartial justice under the constitutional rule of law. and we are going to bring law and order back to our cities. this week i will also end the government policy of trying to socially engineer, race and gender and do every aspect of public and private life the we will for j society that is to color blind and merit based as of today, it will henceforth be the official policy of the united states government that there are only 2 genders, male and female, the this week i will reinstate and the service members who were on justly expelled from our mi

president trump's new department of government efficiency is looking to idaho for the blueprint on how to cut red tape, stimulate economic growth and streamline government. ready to partner with the trump administration. the least related date in the country this year and in the coming weeks i will highlight government and brand-new ideas reducing government's footprint in people's lives. the spirit of efficiency, i share one of the shortest state of the state addresses and a long time. [applause] as the new administration takes place over the next few weeks, we will know more and be more secure border. president trump delivering on their own promises to lockdown the border, idaho stands ready. the fourth mission to the border. deadly drugs and most coming across the open border under the biden administration. no other state has completed more and border states that idaho. new knowledge treat law enforcement agencies on the drug cartels latest package. [applause] [applause] idaho is taking more steps to keep our communities safe. local law enforcement partners and reduce crime and idah

the details in terms that is something that actually goes in their favour there is that department of governmentfficiency that in their first term and they are looking across the entire government to do so and that is why we saw an opportunity today given to all federal employees that they disagree with, dei programmes or transgender care, everything they said is being restricted. immigration and a tougher stance on us borders was a key since taking office, the president has carried out 21 executive into america's interior and he expects every nation flights are under way once again. nearly 1,000 ice arrests made on sunday nationwide that's about three times the single day average for ice. in queensland in 2022. as the saints, opposed medical intervention, believing instead that god would heal her. of brisbane in 2022. today we had the verdict of the judge deciding that 14 were guilty of manslaughter. while her parents were sleeping upstairs. her fatherjason has been acquitted of his daughter's murder, but convicted of manslaughter alongside a man called brendan stevens. and he said that the tri

in november, he was appointed by us present donald trump, to run a new department of government efficiency model. the stories were covering on colleges here on our website that ologies 0 dot com, molly inside. we'll have another news hour for you in about 13 minutes, right after top 12 to sierra stay with the the, the oldest daily reports of a brief flash flooding somewhere. it is an easy which is seasonally correct. you would expect.

led by multi—billionaire elon musk, the department of government efficiency — which is known as doge tasked with finding ways to cut costs. musk has said he would like to follow the example of argentina. under presidentjavier milei, the south american nation has reduced government spending by an estimated 30% — roughly in line with the level of cuts doge is aiming for in the us. the milei administration has laid off thousands of federal workers, eliminated government agencies, scrapped subsidies and halted public works projects. last year, the government brought in more money than it spent — the first time argentina has achieved this in ia years. so, can the same be done in the us? for more, let's speak to prof steve hanke from johns hopkins university who advised argentina's economic officials in the 1990s. he told me more about these cuts. ~ . . ~ he told me more about these cuts. ~ . ., ~ ., cuts. we are talking about argentina. _ cuts. we are talking about argentina, the _ cuts. we are talking about argentina, the country - cuts. we are talking about| argentina, the country that

the president has set up - a department of government efficiency, which is going| to look at places tonk- is a great place to start. the problem for many years, . though, has been policymakers on both sides have been. reluctant to touch the real drivers of the federal debt. those are the programmes that are growing the fastest, - specifically the entitlement i programmes that primarily go towards america's seniors. so, social security and medicare. - and the most recent - president, president biden, as well as president trump, i have said that they do not plan to touch those programmes. and without making adjustments to those programmes, _ there's really no way- to wrap our arms around the problem that we have. yeah. and so neatly, that gets us on to that national debt. at $36 trillion, it's a huge number to get your head around. it is growing all the time. and so president trump says, yes, we need to get a handle on this. we need to tackle it. how? that really is the $64,000 i question here, or, you know, close to the $64 trillionl question, given the debt that we have accumulated as

my administration will establish the brand-new department of government efficiency. [applause] after years and years of illegal and unconstitutional federal efforts to restrict free expression, i will sign an executive order to stop all government censorship and bring back free speech to america. [applause] never again will be immense power of the state be weaponize to persecute political opponents . something i know something about. we will not allow that to happen. it will not happen again. we will restore impartial justice under the constitutional rule of law. we are going to bring law & order back to our cities. this week, i will also end the government policy of trying to socially engineer race and gender into every aspect of public and private life. [applause] we will forge a society that is colorblind and merit-based. as of today, it will henceforth be the official policy of the united states government that there are only two genders, male and female. [applause] this week i will reinstate any service members who were unjustly expelled for our military for obje

led by multi—billionaire elon musk, the department of government efficiency, known as doge, is taskednding a way to cut costs. under president javier milei, argentina has reduced government spending by 30%, roughly the number of cuts the us is aiming for. they laid off thousands of federal workers, eliminated government agencies, scrapped subsidies and halted public works projects. last year, the government brought in more money than it spent, the first time argentina has achieved this in m years. can the same be done in the united states? steve hanke advised argentina's officials in the 1990s, and told me more about these type of cuts. ~ �* . ~ ., of cuts. we're talking about argentina. _ of cuts. we're talking about argentina. a _ of cuts. we're talking about argentina, a country - of cuts. we're talking about argentina, a country for - of cuts. we're talking about argentina, a country for 60 | argentina, a country for 60 years has build up a very tangled fascist economic system, where the government is involved deeply in all economic decisions and economic activity. that's one aspe

watch this. >> i created the new department of government efficiency. it will be meaningful. dibly wasteful green new scam, one of the great scams in history, 12 years, they gave us 12 years, we passed it, still around, can you believe it. we spend trillions of dollars throwing it out the window, you can throw it out the window, you would have been better off, i withdrew from the 1-sided paris climate accord and can't -- it was so 1-sided. stuart: it seems to me the green movement is across the board dying on the vine. what say you? brian: they made a huge mistake, al gore making it political. if you are for a gradual switch to renewables let the market decide what we drive, what we fly and what we do and how we heat our house, doesn't care about the planet or your neighbor, and if you are like that, one of the cool hollywood people, you drive a preassigned walk to work, they made it so political people aren't thinking clearly. there are things that show progress. a lot of people drive electric cars but when you ask trillions of dollars and then say build terminals across the

efficiency. >> president donald trump's new department of government efficiency, or doge,hort. officially established earlier this week after a first day executive order, the new entity, which plans to try to slash billions in government spending, will operate as part of the executive branch and they will have a congressional arm, the house subcommittee on doge. my next guest, congresswoman melanie stansbury, has been named the top democrat on that committee. she tells axios she'll, quote, fight back against efforts to dismantle federal agencies to take away critical programs like social security and medicaid and medicare, and we'll fight back the dismantling against the dismantling of environmental programs. the man tapped to lead doge elon musk, has shared little so far about his intentions for those programs. >> elon is social security, and medicare is off the table. is it off the table? do you have. any concerns about your company? >> and joining us now is democratic congresswoman melanie stansbury of new mexico. congresswoman, thanks for being here. >> it's great to b

stuart, multiple lawsuits were filed before president trump signed the executive order making department of governmentagency officially a part of the executive branch. it's that executive order that may make these lawsuits essentially dead because the lawsuits are based on the idea that doge would be an outside advisory committee and subject to federal rules governing advisory committees. but now that doge is a efficient part of the governments the lawsuits are a big swing and miss for the doge critics. one of them complaining "not a single member of doge is a federal employee or represents the perspective of federal employees but in the beginning that was the trump". trump picked outsider elon musk to cut through all the layers of fat built up in a loaded government bureaucracy. >> no, musk is getting in office for about 20 people that we're hiring to make sure that these get implemented. reporter: doge will have federal workers in every agency assisting in the mission and trump's eo establishings agencies for their own doge team with four employees and doge is celebrating the win with shuttering of

effectiveness to our federal government, my administration will establish the brand-new department of government efficiency. after years and years of illegal and unconstitutional federal efforts to restrict free expression, i will also sign an executive order to immediately stop all government censorship and bring back free speech to america. [applause] >> never again will the immense power of the state be weaponized to persecute candidate did -- candidates. we will restore fair and equal just under the constitution of the law. we are going to bring law and order back to our cities. this week i will also end the government policy of trying to socially engineer race and gender into every aspect of public and private life. we will forge a society that is color blind and merit based. as of today, it will hence forth be the official policy of the united states government that there are only two genders, male and female. this week i will reinstate any service members who were unjustly expelled from our military to objecting to the covid vaccine with full back pay. and i will sign an order to stop our

but many indeed most of the witnesses were low level government employees from the state department. voice of america. the u.s. overseas libraries, the government printing office, and the army. while senator mccarthy informed witnesses of their constitutional right to decline to answer a question, he interpreted any refusal to do so as an admission guilt. as he lectured one witness, a communist and an espionage agent has the right to refuse on those grounds. he also encouraged government agencies and private corporations to fire anyone who invoked his or her fifth amendment right. he threatened witnesses with contempt and in cursory fashion, and that was senator collins from the c-span video archives. jim townsend of the levin center. what's the significance of those documents? well, there is a law that keeps the internal documents, congressional investigations under seal for 50 years. and. in 2004, when 50 years had passed, since those those hearings and since those investigations, this was an opportunity to unseal and see the full record of what had occurred during the mccarthy era

president trump's new department of government efficiency is looking to idaho on how to cut transcend. stimulate growth and streamline government. we are ready to join the trump administration. as the least regulated state it has an incredible story to shore. one worth replicating including washington, d.c. in the coming weeks i will highlight all the way he's idaho has cut waste in government and enthusiastic ideas on reducing government footprints on people's lives. i assure you this speech will be one of the shortest state of state addresses in a long time. you are welcome. as a new administration takes place the next few weeks, we will know more and we will see a more secure border is imminent. as president trump and congress deliver on their promises to look down the border idaho stand ready to help deport dangerous criminals. the idaho state police just wrapped up their four mission to the border and intercepted deadly drugs and caught more people. as we have done before our troopers returned with new knowledge and will train other law enforcement agencies on the drug cartel's l

department of governmental efficiency known as doge. >> president trump: that's a big one. >> bill: a big one. stroke of the pen president trump creating the department of governmentiency. elon musk reaction shortly after signing in. the legal challenges began immediately. the lawsuit to the side what they are trying to do won't be easy. hillary vaughn live on the hill to take us through that one. nice to see you, good morning to you. hello. >> good morning to you, bill. the flurry of lawsuits were filed before president trump signed that executive order making the department of government he i shall fen see officially part of the executive branch and that executive order that could be the nail in the coffin for these lawsuits because the people suing kind of jumped the gun. the lawsuits are based on the idea that doge would be an outside advisory committee and subject to federal rules governing advise recommittees. now it's an official part of the federal government the lawsuits are probably a big swing and miss for the doge critics. one of the lawsuits complained not a single member of doge is a federal employee or represents the perspective of federal employees

elon musk and vivek ramaswamy aren'tjust running the so—called department of government efficiency, they'redonald trump's fresh enthusiasm for the tech sector and crypto. so, how will these very different agendas be made into one? he's notjust getting one echo chamber but actually having different views about what to do, what the impacts will be and then, he's gonna make the decision — as is rightly his decision. we know from his first administration that donald trump likes a white house full of different factions, struggling in loud disagreement. it seems that when it comes to his economic team, he's done that again — which could lead to all sorts of fallings—out in the global economy. michelle fleury, bbc news, new york. joining me now is terry haines, founder of pangaea policy. good to see you again. so michelle talking through trump's team and what that means. today, obviously, it's not quite today in the us yet — but when things do get under way in washington dc, executive orders signed today, what will they be when it comes to the economy, do you think? filth. they be when it comes to

to make sure the strategy of the whole thing was tied to the department of government efficiency. ee these orders and you see them freezing any new regulations, when you see them turning off all this crazy... tens of billions of dollars a year was nonsense stuff all over the world and the thousands of crazy leftist org's that are against our values. when you see them basically banning any new regulations for now until they get a handle on things, these are doge things happening. they are already in action with the executive orders. it will be in action with every agency and there's so many of our smartest friends working on this. so many of the best lawyers, it's a really exciting time. >> will: i hope you won't be a stranger to us, we would love to have you back on a regular basis. thank you. it's a new dawn in washington, donald trump ushering in a new age of common sense. to someone else who speaks that language, dave portnoy's next. taxes was waiting... and wondering... and worrying. now taxes is matching with a turbotax expert who does everything for you. ♪ who can do your tax

elon musk's department of government efficiency has been hit with multiple lawsuits just minutes afterdent was sworn in. more on that next. >> president trump and elon musk's department of government efficiency, doge, was hit with its first roadblock just seconds after the new administration. three lawsuits! already alleging that doge does not comply with the federal advisory committee act. also known as faca. don't mispronounce it. the plaintiffs claim doge did not meet transparency requirements such as having a charter fairly balanced membership at a designated federal officer to call meetings. in other words, they like the people who are already have jobs that maybe are not doing well to be in the room. one lawsuit goes as far as to say this. doge's stacked membership far from being fairly balanced. that is small government crusaders with back grounds in either the tech industry or the public and politics. sounds like a superhero type of situation. >> also the idea that other agencies are fairly balanced is laughable. this is the entire problem that trump has been getting at. i got

highlighted executive orders on day one including border security, tariffs, energy production and department of government efficiency, saying his legacy will be as a peacemaker and promised to change the name of the gulf of mexico to the gulf of america. joe biden kamala harris were escorted from the capital. >> ladies and gentlemen, the president elect's cabinet nominees. [applause] [shouting] [indistinct chatter] >> attention! [indistinct chatter] >> present arms. >> the committee cochair, mr. steve. [indistinct chatter] >> ladies and gentlemen, at this time, please take your seats. [indistinct chatter] >> ladies and gentlemen, at this time please be seated. [indistinct chatter] [indistinct chatter] [indistinct chatter] >> coverage of president trumps inauguration continues as we take you live to the inaugural ball. >> we're going to turn this country around and fast. like nobody else, are people are -- our people are our greatest assets and i have a great family, i really do. my son eric has been incredible. her and michael whatley from north carolina did a great job. where is ivanka, have you ever hea

elon musk and vivek ramaswamy aren'tjust running the so—called department of government efficiency — ilicon valley and reflect donald trump's fresh enthusiasm for the tech sector and crypto. so how will these very different agendas be made into one? it's notjust getting one echo chamber, but actually having different views about what to do, what the impacts will be. and then he's going to make the decision, as is rightly his decision. we know from his first administration that donald trump likes a white house full of different factions struggling in loud disagreement. it seems that when it comes to his economic team, he's done that again — which could lead to all sorts of fallings—out in the global economy. michelle fleury, bbc news, new york. kathleen brooks is research director at investment platform xtb. let start with the stock market. if you look at the numbers, that trump bump... just shy of record highs, markets like what is promising? markets tend to have a bias to any president who is promising to cut taxes and enforce swathes of deregulation on the energy sector, on the fina

doge, the department of government efficiency. and i'm fascinated by the number of people who make fun of this initiative to say this department of efficiency, and i ask do you know how to make the government more efficient? and people say, yeah. should we do that? yes is the answer. so the very simple statement is if we find duplication in government, why don't we highlight highlight it an eliminate it, if we find tax regulations that slow the economy down rather than encourage economic development in the country, why don't we fix that? if we find areas of permitting where it prevents government growth rather than accelerates the growth of our economy, why don't we go after that? where there's waste in agencies, where there's empty federal buildings, federal projects that should be done by the state or local government, why don't we make those changes? that's what this concept is about the department of government efficiency is to create a mechanism to say let's stop talking about it and highlighting a little bit at a time. let's

the vicious violent and unfair weaponization of the justice department and our government will end. iority will be to create a nation that is proud, prosperous and free. caitriona: president trump is promising a flurry of executive actions on day one, on this first day of his administration. the has promised to take action on immigration, on energy and environmental regulations, on reducing crime and a whole host of other issues. during the remarks he's made today, he's heaped criticism on the initiation of his predecessor, joe biden, which he said had spent unlimited funds on the defense of foreign borders while refusing to defend the borders of america. president trump was greeted with loud cheers throughout his address, not by all of the gathered crowd, particularly when he said that he would declare a national emergency in relation to the situation at the southern border. al>> all illegal entry will immediately be halted and we will begin the process of returning millions and millions of middle aliens back to the places -- millions of illegal aliens back to the places they came.

and then he will move on to this department of government efficiency, which he's going to head up. course not acidic confirmed possession, but it's believe that the on must be wouldn't one that and b will try and drive efficiencies throughout the guideline and jumping in here. just so, you know, we're seeing, we're seeing bill clinton and hillary clinton walk in, but please carry on it. so deal with must cuz it has has got this idea that he can save somewhere in the region of $4.00 to $5000000000.00 a year, a trillion dollars a year in, in, in the us government. no, that's more than half the budget and the concerned that the democrats have hodges, if you're talking about those sorts of figures. i know immediately looking at places like the pentagon, which is the largest budget. it means then that you go after entitlements like medicaid, on pensions, social security, those sorts of things which impact ordinary americans. donald trump is that they are safe at democrats, an opponent, some of the law must unconvinced it . jennifer mark is pretty remarkable overseeing here. this is an integral

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now, a trump transition spokesperson says that vivek has stepped away from the department of governmentgovernor of ohio. on social media he says it was my honor to help support the creation of doge. i'm confident that elon and the team will succeed in streamlining government. i will have more to say soon about my future plans for ohio. last night when president trump signed the executive order creating doge. he was asked about the world's richest person getting in office in the west wing this is order implementing the document department of government efficiency doge. >> peter: is elon musk getting an office? >> no. is he getting an office for about 20 people that we are hiring to make sure that these get implemented. >> so doge now is off the ground and started running with those 20 folks that are here on the complex. we will have to see what day two of the trump administration has to offer. i can tell you that the lights are on in the residence right now. they were on when i got here at 5:30. back to you guys all right. edward thanks so much. that's the soap opera b. behind the scenes

something in washington, not just in the pentagon and white house, but every department and agency of the federal governmentloping policies on these that are already outdated, but they keep updating them every week because of the critical nature it is certainly to the department of energy, department of transportation, massive systems will be depending on this more and more. >> and we saw at the inauguration, the tech tightens, the very front of image at the ceremony. in the alignment of political power with the u.s. tech gods, really. does it reassure you the current administration will put political backing into that industry, which the u.s. needs? or is it alarming? >> first of all, i think mark zuckerberg would love to hear you call him a tech god. but it was alarming to see them all line-up back there, but it shows they have the largest microphone in the world. and this is a president focused on commercial deregulation. i think there will be a red telephone line between the white house, mar-a-lago, and silicon valley. it will probably only be a good thing. >> in terms of the amount of investment announ

tonight, the first lawsuits against the so-called department of government efficiency have already been filed. brian todd has more on the musk factor. he's watching brian, regardless of these lawsuits, it's clear that musk is already wielding enormous influence and power. >> wolf, the. >> analyst we. >> spoke to say. >> elon musk at this moment seems to have more. >> clout with trump than. >> almost anyone else. >> but there. >> are significant challenges. >> for musk. >> in. these first days. >> despite the. >> swagger he enters the job. with., with his now trademark bravado, fist pumping and a primal yell. the world's richest person cements his position in president trump's orbit. elon musk, seen confidently striding into the white house complex. >> what you have to understand. >> in donald trump's world is that. proximity to the principle is power. >> and elon musk has that almost more than anyone else. >> an official. >> tells cnn. musk received. >> a white. >> house pass and was expected to work in the west wing, but when asked if musk would have an office in the west wing, the pre

the thing that he will need to have the department of government efficiency headed by elon musk cut some of the government spending as we all know the government is very inefficient and we will see if that happens to control inflation. if not you could end up with a pause in the cuts potentially rate hikes towards end of the year. that's why worry about the market being down potentially 20% of that happens. maria: a potential for markets to be down 20%. some people are beginning trump's policies saying growth as to lead to inflation. what about the deregulation. if you see deregulation is of the anti-inflationary? >> it is but you have tariffs in their and that is inflationary. maria: i want to get your take and how to invest. you are so spot on last year it was a narrow rally in many regards, it was a magnificent seven andrew topics were meta which is up 65% and amazon up 44% among others. how do you want to position this year, i see your number one pick is cash. >> unfortunately the last time meta had cash was the number one pick was in 2022 in the stock market went down 19% and we hav