{lila getting it from the howard lutnick appointment. ok, so the auestion lutnick appointment.ppointment. ok, so the question is, who _ lutnick appointment. ok, so the question is, who will _ lutnick appointment. ok, so the question is, who will get - lutnick appointment. ok, so the question is, who will get the - question is, who will get the job as treasury secretary? and there's all sorts of rumours out there — of course, scott besson, the hedge fund manager, has been discussed, but now the ft is reporting the private equity billionaire mark rowen has emerged as a top contender, he's meeting with donald trump today. what do you know about mark rowen, another billionaire in the finance sector? absolutely, he's somebody that — is one of the candidates i would have the confidence of the markets. what you see in this situation generally is what market watchers kindly call volatile. first it was besson, then besson versus lutnick, then lutnick went to commerce, and the list of potential rivals gets longer, with besson, lutnick, rowen, with besson, lutnick, rowen, with us senator

he has made his latest pick for his future cabinet — naming the billionaire investor howard lutnick as veteran — mr lutnick — if confirmed by the senate — would be in charge of a 50,000 strong commerce department — tasked with overseeing the sweeping tariffs pitched by trump in his campaign. tariffs that could have huge implications for the global economy. policy analyst terry haynes says it might mean tension in the coming months.— says it might mean tension in the coming months. what you are seeinu in the coming months. what you are seeing in the _ the coming months. what you are seeing in the announcement - the coming months. what you are seeing in the announcement of i seeing in the announcement of howard lutnick is a team of rivals in the donald trump white house. uh, where he's part of the economic team, but he's not the whole economic team. and there will likely be, uh, sort of a collision course set up in economic policy. and this is exactly what markets don't want, uh, where you have lutnick in charge of tariffs and trade on the one side, potentially also the united states tra

so, many congrats to old friend, howard lutnick. just nominated by president elect trump to be secretary of commerce department. howard is a trump supporter and campaigner and fundraiser throughout the presidential psychoand will has a tremendous suck -- cycle and has a tremendous success record of ceo of wall street counterfeits where he recalled and cochair of president's transition team. he's done work generating lists and lists of tier one top candidates for positions in the new trump administration. mr. trump called howard a dynamic force on wall street. you bet that howard lutnick will be a bulldog in defending american business around the world. thankfully mr. lutnick is indicting the world cap list that's a strong -- capitalist of strong believer of america first and strong advocate to remedy unfair trading practices directed at u.s.. heil support the use of tariffs whenever and wherever appropriate. the world trading system is broken, major trading partners like china and eu, india and elsewhere have significantly higher tar

senator tuberville, howard lutnick, he will be a bulldog for america at commerce department. what do you think? >> no doubt. i had a chance to meet with howard a couple weeks ago in new york. giving him my input on a few cabinet nominees, he has done aio mac yeoman's job, this is almost impossible job of putting this many people together at one time. we is not just a great be person but he is a great american, he believes in this country, that is what we need working with president trump, someone that believes in america first. hit ground running and he will do a great job. larry: senator eric schmitt. point i made, on tax cuts, i think tax cuts in big reconciliation bill probably take up a lot of your time in the first year. first coming year 2025. of the second trump administration. one thing i don't want to let this slip by, i know senator tuberville agrees, but, the revenue feedback, the economic incentives lower tax rates creates tremendous growth which in turn will throw off revenues far greater than so-called stat economic models, we have seen it for longest time. when

you said it earlier, this dick cheney move by howard lutnick, does it spoil the chances for howard lutnickfrom whoever gets the nod, it will go some way. for many people in the market, defining how sensitive the trump presidency will be to equity markets. positive right now by around .1%. bill hagerty of tennessee tomorrow, reportedly in the running for that seat. laura reim of fs investments. big show coming up tomorrow morning. thank you for choosing bloomberg tv. this was "bloomberg surveillance ." ♪ it's our son, he is always up in our business. it's the verizon 5g home internet i got us. oh... he used to be a competitive gamer but with the higher lag, he can't keep up with his squad. so now we're his “squad”. what are kevin's plans for the fall? he's going to college. out of state, yeah. -yeah in the fall. change of plans, i've decided to stay local. oh excellent! oh that's great! why would i ever leave this? -aw! we will do anything to get him gaming again. you and kevin need to fix this internet situation. heard my name! i swear to god, kevin! -we told you to wait in the car. everyo

donald trump has made his latest pick for his future cabinet — naming the billionaire investor howard lutnickesident—elect donald trump as commerce secretary. a wall street veteran — mr lutnick — if confirmed by the senate — would be in charge of a 50,000 strong commerce department — tasked with overseeing the sweeping tariffs pitched by trump in his campaign. tariffs that could have huge implications for the global economy. ritika gupta has the details. president—elect donald trump is tapping cantor fitzgerald ceo howard lutnick to head up the commerce department. trump announced on his social media platform, truth social, that the wall street veteran will lead the white house's tariff and trade agenda, with additional direct responsibility for the office of the united states trade representative. as commerce secretary, he would be responsible for enforcing the sweeping tariffs that trump campaigned on, for which lutnick has expressed fervent public support — yet many economists forecast that trump's tariff proposals could cause inflationary effects for consumers. lutnick, whose domain stret

>> most of you that don't know about howard lutnick he faced adversity in his life in the innovator inmuch of his firm was lost in that tragedy and because of the innovation under his leadership they were able to move forward, he's been committed to the family that lost so much during 9/11. what you have is somebody who is a fighter and an innovator and a vision for business in the country and aligned to president trump. as you're looking for the person who will fight for american businesses and promote our country and be an innovator in the commerce space, that is howard lutnick i had the opportunity to spend time with them when he was a natural and i was really impressed. maria: do you think trump will get the nominations confirmed? >> i think the president of the united states made it clear he needs to move swiftie as we go into the new era of donald trump and he should use every mechanism that he has available to him to get his nominations pass. if you look at the justice department weapon ice against the american people yet matt gaetz that's been nominated in president trump is co

president donald trump nominating howard lutnick to, secretary.his is what he said -- commerce secretary. this is what he said. he will lead our riff and tra agenda with additionl direct respsibility for the office of united states trade presentative. that's a big job. >>does this mean the ambassador of ustr reports now to howard lutnick? for anybody that wants to do a trade deal with the united states, this is so you want to talk to. wilbur ross was at the head of those trade negotiations but pretty quickly you realize the individual who really understood the legality of traders robert lighthizer and he quickly moved onto him. and a lot of questions on what executives means because it looks like he has an expanded portfolio beyond commerce. >> legality smegality. is there a cohesive strategy? what is that cohesive strategy and how is that going to get through? i think ultimately, the legality, ok, we can negotiate and figure out what's going to happen. what is the strategy? that i think is not so clear sometimes. manus:manus: the guiding light fo

>> i know howard lutnick well. i know sean duffy well.for department of transportation. the picks across the board here by president trump are positive. he's moving quickly. he's looking to shake up washington, d.c. in a period of time where we have to shake up washington, d.c. so it starts working on behalf of the american people so we can get this country back on track. we're seeing time and again president trump moving quickly, moving boldly, and ready to shake up washington, d.c. that's what the voters voted for in november. that's what i'm ready to do and i'm excited when we're going to be able to hit the ground running on january 20th when plpresident trump is signed into office. maria: we'll see how the senate responds to all the picks in early january when the 119th congress begins. hearings begin early january. we've got more 20 come on that. you're deploying congressional election observers to iowa's first district for the official recount. i want to get back to this. kristina bohane asked for a recount last week. she trails rep

. >> listen, i like howard lutnick, i like all the players in this.t the end of the day, it's going to be the president's decision. but, sometimes it's very difficult to be in the position of recommending someone when you are try fog for that very same question. >> brian: what are you doing? plus, biden bids farewell on the global stage but not before a stunning reversal. now allowing ukraine to strike russia with the missiles we gave them anywhere, any time. finally, trump's pick to lead the nsa -- lead the nsa, congressman michael waltz national security adviser he will react live. >> steve: greatest living film maker scorsese main reason why he wasn't so great at being an altar boy when he was just a kid. stick around for the second hour of "fox & friends," it begins right now. >> brian: he was no sa saint. >> we have new trump. >> ainsley: speaking of the saints glorious. >> brian: took an offer book that. >> steve: president-elect donald trump is expected to focus on filling out his economic team after making another key appointment yesterday. >>

the president—elect picks wall street giant howard lutnick as commerce secretary — signalling a tough — and a boost for crypto. welcome to business today. we start with some breaking news we've had in the last few hours — the announcement of majorjob cuts by auto giant ford. 4,000 jobs are to go across europe, as part of a major restructuring programme. 2,900 of those will be in germany, where ford has two large plants in cologne and zaarlouis. ford says it will also be cutting 800 jobs in the uk, which is around 15% of its workforce in the country. lisa brankin, the uk chair of ford, blames the transition to electric vehicles. i think we're seeing just the market conditions change. competition is becoming more aggressive as we've made the switch to electric vehicles. customer demand for electric electric vehicles hasn't kept up with what the previous forecasts were. so it's a much more competitive environment than we've ever seen before. and we need to take action now to make sure we're fit for the future. let's bring in auto industry expert andy palmer — he's the former boss of asto

us president—elect trump selects billionaire wall street investor howard lutnick as his new commerceecretary. and with passenger numbers set to soar, we sit down with the boss of middle east carrier, gulf air. hello, and welcome to business today — i'm katie silver. president—elect donald trump has selected billionaire investor and veteran wall street boss howard lutnick as the next commerce secretary. in an announcement on his social media platform, truth social, trump said the executive will help lead the tariff and trade agenda. for more, let's get to new york and our correspondent, ritika gupta. president—elect donald trump is tapping up the ceo howard lutnik to head at the commerce department. on truth social, trump announced the wall street veteran will lead the white house's tariff and trade agenda with additional direct responsibility for the office of the united states trade representative. as commerce secretary, he will be responsible for enforcing the sweeping tariffs trump campaigned on for which lutnik has expressed fervent public support — yet many economists forecast t

four names, kevin marsh, howard lutnick, scott besent. what's the difference?l steward of the treasury department. the cantor fitzgerald, howard lutnick is a type a personality, more out there. really behind donald trump over the past few weeks so he's more of the cheerleader kind of figure you've seen. this position i think the most important -- only donald trump knows who he's going to pick. >> howard lutnick on the left. a couple of investors that you're seeing. >> howard lutnick on the left again. >> the most important thing here is this position. this is america's diplomat for the world in terms of finance. we are the biggest investment in the world so this person has to execute donald trump's strategy, but not upset the apple cart in terms of our destination for all of that investment around the world. >> donald trump has big aims here. he wants to impose sweeping new tariffs. he also wants to get rid of millions of undocumented immigrants. two things that could potentially be disruptive. >> and he told americans he was going to lower their prices, but th

not the sexiest position but a vital one but howard lutnick says i have a good idea.ust maim myself. i recommend me by the power vested in me. he is part of the transition team in the selection. looks to be bessent's deal. now more people entered into it. kevin warsh the former fed and apollo global. what is your sense of what is going on here? >> brian, it reminds me when i was the chairman of the variety presidential selection committee. i went out and interviewed all the candidates. i should come back to president trump. corey lewandowski will be the best vice president. what we picked at the time mike pence. that said it's very difficult when you are in the position of making recommendations to also be positioning yourself for a position there. you are -- maybe you want to have someone isi agnostic to it. i like howard lutnick i like all the players in this. testified the president's position. it's difficult to be in the position of recommending someone when you are trying for that very same position. >> yes, it's a little different like dick cheney he went throug

and howard lutnick to commerce.s trump's transition co-chair and the' owe of can -- and the ceo of cantor the fitzgerald. treasury is a spot we're still waiting for trump to announce. part of the hold up is trying to find a candidate who can combine the issues of being pro-tariff while also calming the markets. stuart? stuart: thank, rich. or -- thanks, rich. biden has approved sending land mines to ukraine, the second big shift in policy just this week. house foreign affairs committee member congressman cory mills joins me now. congressman, are we maneuvering to give zelenskyy a position of strength before any peace talks? >> i think what we're actually doing is, is we're escalating the conflict as to opposed to trying to deescalate it, varney. if you think about the recent approvals to try and launch hi mars and atacms into russia, that's not exactly a way to deescalate the situation. but also the president has actually changed his policies on many things. it was last year that he had approved cluster munitions ba

she's been also doing treasury she was a co-chair with howard lutnick lutnick was on more of like the messaging politics side. she was on more of the policy. she had been wanting the role for commerce as well. that also robert lighthizer donald trump's former trade representative, was also seen as a potential pick for the commerce department role. but now it's going to howard lutnick. so he is now out of the running for treasury, going to be running the commerce department. and i think we'll see probably in the coming days and weeks, what exactly he will do with that department. and what it will look like under him, but also under donald trump overall. yeah. >> that's right. and of course, he will now be under scrutiny. right as the other cabinet picks have been. i know he is head of cantor fitzgerald but it is interesting that the treasury secretary role is still open. you know, it has been kind of been dragging out right we thought we might get a decision last week. today we still don't know they're widening the net at the same time, donald trump and elon musk will be in texas today

howard lutnick. yeah.to him after the vice presidential debate in new york because of course, he's also co—chair of the trump transition team. so it is sometimes a bit unusual that the chairperson or the co—chair and themselves ends up with the job. but howard lutnick, obviously a very accomplished financier and very, very loyal member of donald trump's team, is now in the commerce department. and that is the department that we know. again, subject to confirmation, is very dear to donald trump's heart. and howard lutnick, if confirmed, will be the person who, with the president elect will be bringing in tariffs that falls into that department. "tariffs," of course, we know donald trump has described as one of the most beautiful words in the english language. and i was in ireland there for a couple of days this week. and i can tell you there and in other parts of europe, people are very, very nervous about what donald trump's trade philosophy is going to mean for them, what the imposition of tariffs is goin

capital management ceo and founder scott bess sent and howard lutnick.he "wall street journal" reporting lutnick went to trump directly about the role while bessent told fox, this. >> it's all president trump decision. he made great decisions on the campaign. i can't wait for the four years. >> fox has also learned ceo of fracking tech company liberty energy chris wright is on top of the list for energy secretary. the eventual energy secretary may have to work with the newly minted interior secretary pick doug burgum as the north dakota governor has also been named chair of the newly formed national energy council. trump making his interior pick official today after teasing it at mar-a-lago last night. >> i won't tell you his name. might be something like burgum, burgum. congressman mike rogers is in the running for fbi director. even as current fbi director christopher wray says he has no intention to resign from his 10-year term which ends in 2027. rogers is a former special agent and served as the house intelligence chair. he narrow live lost his race

so howard lutnick versus scott bassett. howard trying to poison scott last week., he should not get this job. howard gets told over the last couple of days, it is not going to be you. elon musk is a hail mary pass. doesn't get it. he knocks linda out of the ring. bodley, trump could end up with some really qualified candidates to be treasury secretary. so you still have scott bessent in the mix but now you have kevin worse and mark rowan. two hugely successful guys who understand global markets, big business, small business, and the type of guys who might not necessarily be down with executing trumps extremely inflationary policies. >> yes. circling around there as well. >> he is not getting it. >> but he is circling. before we get too far into the treasury robert hall, i think it is interesting about the commerce announcement itself. this guy will be implementing my trade and tariffs agenda. the tariff piece, of course, is a huge part of president-elect trump's policy. he said he was a little unclear. he said that ustr, the u.s. trade representative, will also be

but the howard lutnick position does raise questions about the tray portfolio.says in the announcement howard will have additional direct responsibility for the office of the u.s. trade representative. that will be a shift has directly. this would require a change in law to move it. more questions than answers they are about what exactly that will mean. as you hinted, this does take lutnick out of the running for treasury secretary. we are down now to four names on the shortlist. we know that timothy senator bill haggerty spent most of yesterday with the president. and bloomberg now reporting somerset to be here today to talk about treasury. a lot of moving pieces as they try to get this team set. >> we were watching as former president and now president- elect trump was with elon musk to watch the launch of starship. are you getting a since what the perception is about how much influence elon musk has with trump?>> reporter: it is an interesting question. almost every time we have seen trump it seems like elon musk is always right there. the president-elect it

obviously something happened, the original cast of characters being considered, howard lutnick i think gets connors but the others remain, the mystery continues. what do you make of it? >> it was reported there was a battle between musk and another guy on who would be treasury secretary and howard lutnick was in the paper but he's going to be commerce. i think it will be scott besson. we will see what happens. that's my prediction. i think all of this, you brought up bitcoin. nvidia was the story of 2,024. probably 23 as well. bitcoin is 2025 and here is why. if you look at donald trump's election he wrote a new playbook how to get elected and it is going to be studied not only in this country but part of the playbook was hugging the crypto world. they become a powerful force. $250 million that we know of in this election cycle, democrats and republicans, those who support crypto. this is not an accident. what is happening since then, a candidate calling for bitcoin to be part of their reserve. you will see more candidates talking about it which means more individuals going i should ow

howard lutnick is commerce secretary. one of the first things likely to do, bring broadband to rural america, and who will do it? starlink. i don't think so, yesterday's issue, who is going to enforce it, decide that the conflicts of interest are a conflict? i think we're beyond that. we elected a president rife with conflicts of interest, his dealings with foreign powers, the money he took during his first term the operations of his son-in-law, his businesses. he has a social media company that will benefit from this. i don't know where to start anymore. >> you're supposed to divest but last time he never did. >> used to do this if there was a little hint of this in the days when, i don't know, journalists sort of mattered. >> they still do. >> i'm sorry. >> when you say that, that's the greatest gift to steve bannon who wants to destroy all journalists. i'll kick you out. >> accurate i'll let you go. >> hint of a conflict would blow up. it's not the case anymore. i don't know why. don't mean to denigrate journalism, i'm

so howard lutnick is a really interesting guy. his firm almost got wiped out in 9/11.ry volatile. he's very outspoken. he would have been a pick that i think would have made people nervous. and, as you point out, he's a big proponent of tariffs. scott bessent is, he's starting to mouth that tariffs are ok, but he talks about them as a negotiating tool, a lever. we're not going to do anything radical, in a hurry and stuff like that. so i begin to think it's a bit of a team of rivals. the wall street journal explained or described william: this is like lincoln's famous, sort of fractious cabinet. david: exactly. william: that served to be a strength to have opposing viewpoints going at it. david: exactly. the wall street journal explained the competition between scott bessent howard lutnick to be treasury secretary as a knife fight. so that's quite a way to start an administration with these two economic policymakers who clearly don't trust each other. william: on that issue of tariffs, which is trump's off-stated belief that he will, argument that he will put tariffs on

um who's also co-chairing the transition howard lutnick. and then a lot of aides and advisers who are around him as well, too. >> all right. meridith mcgraw from politico thanks so much for being with us this morning, sarah. >> all right. thank you so much, john. with us now is democratic congressman josh gottheimer of new jersey, who just days ago announced he's running for governor of new jersey. i want to talk to you about this. thank you so much for being here this morning. trump just weeks ago lost. thanks for having me by it's great to see you by a historically narrow margin. we haven't seen this in decades of only 5% four years ago against biden, trump lost by 16 point margin in the garden state congressman, when you look at those numbers in a reliably blue new jersey for the first time in decades basically putting up swing state like numbers, how do you explain that well listen, my my lawn signs on all my campaigns going back to 2016 have always said lower taxes, jersey values on them. >> and i think and one reason why we had a good

trump is considering howard lutnick and scott bessant for treasury secretary. elon musk putting his finger on the scale, writing, bessant is a business as usual choice, whereas howard lutnick will actually enact change. the president-elect's latest pick coming saturday. tapping fracking company ceo chris wright as energy secretary. >> and our thanks to ali for that report. >>> today, president biden will attend the g-20 summit in rio de janeiro. it is the last international summit of his presidency, where he is focussing on the stability of u.s. relations. the president made history after first stopping in brazil and touring the amazon rainforest, becoming the first sitting u.s. president to do so. there, he met with local leaders working to preserve the rainforest and spoke about climate change. two u.s. officials say president biden had now let ukraine use long-range missiles supplied by the u.s. to hit inside russia. biden initially resisted the position, concerned it could escalate russia's war in ukraine into something even larger. well, now president bide

donald trump has made his latest pick for his future cabinet — naming the billionaire investor howard lutnick

howard lutnick is out of the transition. he irritated trump a lot.trump has one true love in this world, and it's money. elon musk has a level of wealth and even power the likes we have never seen. >> he would not trade places. >> elon musk would rather be elon musk, yes. so i actually think they're not breaking up, because trump marvelled at elon musk's wealth because there's nothing like it. my question to you, steve, is, at some point, will any of the conflicts of interest matter? howard lutnick is going to be the commerce secretary. what's one thing he's likely to do? broadband to rural america. who's going to do it? starlink. >> i don't think so. you comment at the top of the segment, it was yesterday's issue. who's going to enforce it? who's going to decide that conflicts of interest are indeed a conflict? we're sort of beyond that now. we elected a president who is rife with conflicts of interests. the dealings with foreign powers, the money he took during his first term, the operations of his son-in-law, the operations of his businesses. he h

it seems like either you know, howard lutnick made this push for it, but there are other names that also came down here, met with trump. seemed like they were on the verge of getting it. and it's still very much seems to be anyone's job to have at this moment maggie that's right. >> there are new names coming in. jonathan swan and i reported yesterday about kevin warsh. she talked about him before marc rowan from apollo is another name. senator bill hagerty is another. there are other names that are floating around, unlike other roles where trump had a real clear idea of what he wanted in them because the policy area was narrower, or because the scope of what he expected them to be involved with specific in something he was more engaged with. you know, the economic roles have always been a little more complicated for him. and on this one, yes, he has told people he wants a big name, but what exactly that means is not clear. you know, he does. he is a credential and he does like big wall street names. and so it's not surprising that he is still looking around because he has moved so quick

the treasury secretary expected to be announced next week likely between scott bessent and/or howard lutnick with trump's saying he will not be inviting j.p. morgan ceo jamie dimon into the incoming cabinet. were getting into it this morning. markets are lower, take a look at futures indicated a decline at the start of trading the dow industrials with the decline of 189, nasdaq on 181 that's almost 1% lower on the nasdaq, the s&p 500 the whereby 36 and a half after a huge run up earlier in the year. the stocks finishing lower after federal reserve chairman jay powell said there's no rush to cut rates further right now is investors are looking ahead to the december federal reserve meeting. we'll get into, october retail sales at 8:30 a.m. eastern we will break down the numbers and look ahead to the major retailers quarterly earnings numbers coming out next week get a look into the consumer, bitcoin 40 with 90000, take a look 18 state attorney general suing the security and exchange commission over unconstitutional overreach of digital assets. bitcoin 89345. i'll speak with kentucky attorney g

it sounded like for a while, howard lutnick was up for treasury.s a story out this morning i believe axios and i believe we know with two whether people. we were talking about kevin warsh, who was one of the guys at the federal reserve and marc rowan dojo private equity guy. in addition to those two in the finalist for treasury apparently according to axios phil haggerty private equity guy and the ambassador to japan and he has o recently and he went to texas to watch the blastoff of the spacex rocket ship yesterday. so maybe, maybe senator bill hegarty. >> brian: scott bessent go to my neighbor chief assistant and a smart as he is, even a more ethical person and one of the finest people she has ever met. an interesting guy and number of plays on radio and tv but meanwhile a chance on tv to talk to ray kelly about what happened in new york because what is happening around the country, you have the story of two major stories, danny penny who is the good merten who stands up and use marine training to subdue a would-be attacker and threatening to kil

donald trump to choose howard lutnick and donald trump instead chose howard lutnick for secretary of commerce which ranks far below treasury in the hierarchy. elon musk failed in his attempt to lobby his new best friend, donald trump, on who should be secretary of treasury. that was strike 2. the choice of matt gaetz was made by the three people most disconnected from reality, elon musk, matt gaetz and donald trump. they hatched a plan and donald trump immediately and and temporally announced matt gaetz for attorney general with elon musk full support. than elon musk went to work lobbying the senate publicly to confirm matt gaetz. he just needed to convince 50th next year's 53 republican senators to vote for matt gaetz. here is how he lobbied those senate republicans. that gates has three critical assets that are needed for the ag role. a big rain, a spine of steel and an ax to grind. he is the judge dread america needs to clean up a corrupt system and put powerful bad actors in prison. gaetz will be the hammer of justice. i promise you mitch mcconnell doesn't know who judge dread is

but howard lutnick wanted the job. he was the transition chief. he tried to push bessent out.ed enough sort of -- caused enough sort of ruckus within the trump orr orbit to get the president-elect, donald trump, to consider other candidates. but, you know, here's the one thing that bessent always had on his side, neil, and it was the realer? er in circle, susie wiles was a supporter, i believe don jr. was a supporter, i believe j.d. vance was a supporter. hay really believed he was the -- they really believed he was the most articulate and ardent supporter, much more than lutnick and, quite frankly, much more than the other candidates, kevin warsh and roh. wan. these -- mark rowan. all would be a huge n my humble opinion, step up from janet yellen who's been almost nonif existent in the biden administration really. these are real power players. and, but they were not -- they have not over the years expressed the sort of enthusiasm for what trump wants to bring to the table which is, essentially, what your reporter just laid out, that 3-3-3 strategy which includes, you know, tr

i mean, that was related to a battle that took place between mr bessent and howard lutnick, as well asall of this on the wall street website. and we touched on the few that took place at mar—a—lago quite regularly — it's really simple to get out. lutnick also wanted to be treasury secretary and he is the trump transition co—chair and the nominee to be secretary but to be clear — before he was named to be the nominee, he was aiming for treasury, as was scott the nominee, he was aiming for treasury, as was scott bessent, so there was this back and forth over who trump should pick as both of these people kind of went for this job. trump sat back and thought maybe there could be an alternative here, instead of either of these two men. so looked at somebody like mark rowan, and the poly global ceo, kevin warsh will be somebody who has been eyeing the fed, oncejerome powell's term ends in 2026, and eventually settled on scott. but the truth is is that they came after weeks of deliberation for trump and his team as to whether it should be scott bessent, maybe howard lutnick or possibly someon

howard lutnick, the head of the transition, he irritated trump a lot.why he got commerce secretary. >> isn't it different when you have $300 billion? >> yes, donald trump has one true love in this world. >> money. >> and it's money. elon musk has a level of wealth and even power the likes we have never seen. >> but he wouldn't trade places with him. he would not trade places. i think trump would rather be trump than elon musk. >> and elon musk would rather be elon musk. >> yes. >> i think they're not breaking up because, excuse me, trump marvels at elon musk's wealth because there's nothing like it. but my question to you, steve, is at some point will any of the conflicts of interest matter? right, so howard lutnick is going to be the commerce secretary, what's one of the first things he's likely to do, bring internet broad band to rural america, who's going to do it? starlink. >> i don't think so. i think that your comment at the top of the segment, it was yesterday's issue. who's going to enforce it? who's going to decide that conflicts of interest ar

saying in a statement he is thrilled to announce howard lutnick, chairman and ceo of cantor fitzgeraldnistration is the united states secretary of commerce, lead tariff and trade agenda, additional response of belief or office of the united states trade representative, a huge task. a huge part of his economic pitch. trying to win the white house, and by the way, there was some thinking that perhaps this could be chosen for treasury, a theory the markets were bouncing, commerce not treasury, you know how this goes, john, it all plays a part. >> john: i have a theory about the market p. >> sandra: it goes up? >> john: it goes out, it goes down. >> sandra: just goes up. >> john: seemed lutnick was primary choice for treasury, elon musk was promoting him, but news may be trump was wavering on lutnick and thinking of other folks for treasury, scott besson, marc rowan, kevin warsh, so lutnick is in for commerce as he gets confirmed, and see who takes treasury. >> sandra: well known on wall street for three decades, stories coming out of 9/11, cantor fitzgerald, the world trade center towers,

as three weeks ago, but then you saw passing interest in some of the other candidates such as howard lutnick who was the choice of elon musk, although that alone was not alo enough, the commerce department as a consolation prize. trump was interviewing other candidates -- >> mark rowan flew in from hong kong and is very qualified. and then there was the former fed official who really wants to be a replacement dohe sees thes billionaire business folks as peers. he likes this conversation. he cares deeply about the issue and wants to make sure whoever he picks will be good on television and his economic ideas not necessarily those that made these people billionaires and in bessent he feels he has his man. >> i think they were looking -- or he was looking at the bond market, which was not happy about a lot of the tariff talk. >> he pays a lot of attention to markets up or down. he does watch all that very closely. >> peter baker, fbi checks are a critical factor. senators are saying they won't hold confirmation hearings, at least the democrats are saying that, woumt an fbi background check. pro

>> reporter: well, we know it won't be howard lutnick, stuart.g our paul stein hauser that the cantor fitzgerald ceo and the trump transition co-chair is going to be the commerce secretary pick. he was in the running among a number of other names, now we're told that it's commerce secretary. he was, along with fed governor kevin warsh and apollo global management ceo mark rowan and scott bess en. a source familiar says it's a free-for-all for treasury secretary and a mad dash to find someone who's pro-tear tiff. lit nick -- lutnick was offered an ambassadorship but rejected that offer. elon musk wrote on, and, quote, my view is that bessent is a business as usual choice whereas howard lutnick will actually enact change. business as usual is driving america bankrupt. perhaps trump and musk can talk about the it afternoon. the president-elect is expected to be traveling to spacep's starship rocket launch. in brownsville, texas. the company says it's developing a reusable launching system. musk is co-leading that government efficiency board along wi

jobs, naming celebrity doctor mehmet oz to run the center for medicaid and medicare services and howard lutnickald for treasury, and he is going to that for controversial former congressman matt gaetz, trump's choice for attorney general, saying he will be our hammer of justice. >> i'm nikole killion on capitol hill where former congressman matt gaetz's selection for attorney general could be in jeopardy as some senators raise doubts about his ability to be confirmed. >> i wouldn't bet my house on it one way or the other. >> reporter: gaetz himself has been calling senators to make his case and will meet personally with several of them, a courtship led by vice president-elect j.d. vance. lisa murkowski said gaetz should not be pushed through. >> let's take it seriously and let's give it the time. >> reporter: gaetz was under investigation by the house ethics committee for allegations of sexual misconduct, including attending sex parties and having sex with a minor. the florida republican has denied any wrongdoing. nearly 100 house democrats demanded the ethics panel release its report on gaetz

weeks of deliberation for trump and his team as to whether it should be scott bessent, may be howard lutnick, ,, ., else. and i wonder what kind of brand of economic _ else. and i wonder what kind of brand of economic policy - else. and i wonder what kind of brand of economic policy you i brand of economic policy you would expect them mr bessent to bring if you were confined because as you know huge promises made on the campaign trailfrom donald trump promises made on the campaign trail from donald trump when promises made on the campaign trailfrom donald trump when it comes to the economy. what could we see from bessent? from all reporting _ could we see from bessent? from all reporting we've _ could we see from bessent? from all reporting we've done, - could we see from bessent? from all reporting we've done, one i all reporting we've done, one of the reasons why scott bessent was selected was because he gave off the impression of trump and all these meetings that he was the guy was going to march in lockstep with what trump wanted from economic policy side of things that we go back to the

howard lutnick who ultimately became the commerce secretary. trying to drive a wedge between himself and scott bessent. appears ultimately president trump chose bessent because in part he felt the loyalty from bessent from the beginning. and that they could work best together. going to be very interesting now to see how we see bessent and how he works with him and how far he takes some of these things. one of the things so interesting when he talked about on our program was the issue of tariffs but effectively how you might have to implement them on a slow basis so you don't impact the economy. some of the other kinds of steps that the president has talked about. it's going to be an interesting one to watch. >> he hadn't been -- we hadn't seen a lot of him. it was about a month ago i think when we had him on and he was on set. then we had him on again, obviously. first time he was on he was so outspoken and so plain spoken about supporting trump. i think as you were calling, i asked are you not on social media. how come you're so brave to be ab

my view, for what it's worth, is that bessent is a business as usual choice whereas howard lutnick willness as usual is driving america bankrupt, so we need change one way or another. the that twitter battle sparked a flurry of headlines from outlets like axios. quote, musk throws his weight behind lutnick for treasury. then the "wall street journal" wrote, messy fight for trump's treasury chief spills into public. and then "the new york times" had the article entitled, quote, after flurry of cabinet picks, trump rethinks candidates for treasury secretary. according to the times, a person familiar described the9 battle between lutnick and bessent as a knife fight with lutnick as the primary aggressor. joining us now is raymond james washington policy analyst ed mills, and those same sources said donald trump's getting annoyed and aggravated, so he ore to up the script, and now he's looking at a onen of to -- bunch of different names. what to do you make of this little thunder dome issue down at mar-a-lago? >> well, liz, back in his first term trump the absolutely liked to have a team of

according to multiple reports the president elect is about to nominate howard lutnick as his commercel street investment giant cantor fitzgerald — and a long time friend of donald trump. the commerce department oversees many functions, from regulating ocean navigation to undertaking the census. but its oversight of american export controls means it plays a vital role in the trade war between the us and china. we will bring you confirmation of the news as soon as we can. to big tech now because the us justice department could be about to push for a breakup of google. a judge ruled in august that google was illegally monopolising the internet search market. now bloomberg is reporting that on wednesday the do] will ask the judge to compel alphabet, which owns google, to sell off its chrome internet browser. the outcome of the case though could depend on the incoming trump administration. donald trump has questioned weather breaking up the firm is a good idea. i have been speaking to tech journalist chris stokel—walker about what the arguments are in the case. ultimately, google uses chro

meanwhile in foreign policy, both marco rubio and howard lutnick will play pivotal roles in implementingtariffs on china. for energy, chris wright will look to increase drilling for liquid gold and then there is elon musk and then there is elon musk and vivek ramaswamy, tasked with making the government more efficient. there's the question of who trump will select for treasury secretary. for more on how the appointment secretive in nature, let's bring in frank. he was a former us trade negotiator for china he was a former us trade negotiatorfor china and he was a former us trade negotiator for china and india. he had enormous number of problems, behavioural issues and legitimate concerns about policy depth and management capabilities and so, he set a real speed record for the speed in which he was nominated and the speed in which he withdrew so that went very quickly but i think went very quickly but i think we ended up in a better place. tell us a bit about pam bondi then. well, she served on the trump white house, the legal team in the first and trump in she went in one race for state

he named howard lutnick his secretary of commerce dr. oz. yes, the television personality will be in charge. the center for medicare and medicare and medicaid. and then linda mcmahon, one of the former russell wrestling federation founders, is going to be his secretary of education. just showing how experience is not necessarily as important to trump as loyalty and ability to communicate a message for him on tv. the big questions remaining is who will be donald trump's labor secretary, as well as who will be in charge of the treasury. that is a job that is getting a lot of intrigue behind the scenes. howard lutnick is someone who wanted the position now that he's been named as secretary, we're told secretary of commerce, we're told that they will march ahead with a pick for treasury as soon as today. and the contenders are scott bessent. he's a hedge fund manager. senator bill hagerty of tennessee kevin warsh he's a former federal reserve governor and marc rowan the billionaire investor. john. >> all right. the jostling continues. steve cont

i would say that elon musk side of this, howard lutnick knew over the weekend he was not getting treasuryhow about this for howard? he doesn't get it, he ends up getting commerce secretary. the real loser there was linda mcmahon, who is the co-head of the transition along with howard, who had been gunning sort of for commerce all along, howard kind of at the 11th hour when he finds out he's not getting treasury kind of swoops in and takes commerce, which is becoming a more and more significant role within the administration and linda is then headed over to the department of education, which you heard a moment ago in that peter alexander package is a dicey one because trump made it clear he wants to shut down the doe. what is really interesting, though, with the treasury secretary is howard lutnick is a run and gun kind of guy, like donald trump, fixated on the stock market doing so well, let's deregulate, no matter what. that's all well and good. but people who really understand the economy and markets understand that there is big issues behind this. and trump's potential policies, whethe

he wants to see howard lutnick, the transition chair, and he posted on x, right. he said it would be more interesting to hear people weigh in on this for donald trump to consider feedback. my view is that bessent is a business as usual choice whereas lutnick will actually enact change business as usual is driving america bankrupt, so we need change one way or another. so christine, like trump's behind closed doors, but he's also lobbying in public how is this supposed to work and it also looks like he's crowdsourcing cabinet secretaries, which is a very odd and troubling posture. >> not exactly a way to lead. it's not at all surprising that already not very far into the transition, trump advisers are at each other's throats. that's what we saw in the first term and what we know donald trump likes he likes it for his advisers to argue with each other. he likes there for there to be drama. it's like he's back on tv again. so i think we will see this continue. and as it did in the first term, kind of erode any foundation you need to really lead from and to really be

but given the make—up of the rest of trump's team, including howard lutnick, scott bessent�*s abilityministration's economic policy will face an early test. more trouble for the dhoni group. the french oil giant says it will stop making investments into adani projects after fresh bribery allegations. an indian tycoon and other senior executives at the company were charged last week with orchestrating a bribery scheme while raising money in the united states. an anti—trust trial over google's online advertising empire has gone to a close in the us. closing arguments in virginia capped a 15 day trial where prosecutors sought to show that google monopolised markets for ad services and networks. technology giants have come under increased scrutiny from regulators. augmented reality, which integrates digital information with the users' environment in real time, is becoming more widely used. museums used ar to enrich exhibits by overlaying content onto physical artefacts. spencer kelly visited london's natural history museum which has launched a mixed reality experience to allow guests to s