i was the head to the treasury select committee . either? to the | treasury select committee at that time and had plenty to say about it on the public record that people can have a look at. but reality is, when this government took over... reminds us what you _ government took over... reminds us what you set — government took over... reminds us what you set about _ government took over... reminds us what you set about liz - us what you set about liz truss' behaviour when it came to the economy?— truss' behaviour when it came to the economy? growth in two can six months _ to the economy? growth in two can six months has _ to the economy? growth in two can six months has actually - can six months has actually contracted. the problem that means, combined with the spike in bond yields, additional spending billions of pounds servicing an ever increasing national debt, which is money which is not going into public services. and it is a result of these policies.— these policies. you said yourself. _ these policies. you said yourself, is _ these pol

begins her second avenue confirmation hearing before the senate judiciary committee and scott bessent the nominee for treasury secretary test before the finance committee on friday at south dakota governor kristi noem cap to lead the department of homeland security prison for the senate homeland security watch live on the sea spent network. she spent now are free mobile video app or online at

the treasury department committee faileded to agree on whether nippon ownership posed a security riskked biden for a final decision. in the end, biden said, shifting the firm out of america's hands would undermine critical supply chains and put jobs at risk. dub nation, meanwhile, is dealing with some injury news. the warriors just learned that their young star, jonathan kuminga, will miss the rest of january with a high ankle sprain. last night they played the second back to back game at chase center and they came out flat against the kings, rallying or rather falli behind by 15 points after just one quarter. by the fourth quarter, the kings were in complete control and won by 30. afterwards, steph curry admitted there is something missing right now. nobody likes to get embarrassed like that, especially the way we started the first quarter. i don't want to overreact to it, but you also have to address, you know, the execution that, you know, we didn't we didn't do by no means is it time to panic, though the warriors are still one game above 500, with the miami heat coming into town t

begins her second avenue confirmation hearing before the senate judiciary committee and scott bessent the nominee for treasury secretary test before the finance committee on friday at south dakota governor kristi noem cap to lead the department of homeland security prison for the senate homeland security watch live on the sea spent network. she spent now are free mobile video app or online at c-span.org. ♪ democracy, it is not just an idea. it is a process. oppressive treatment leaders elected as the highest office and entrusted to a select a few regarding its basic principle. it's where debates on both decisions are made the nation course is charted. democracy in real-time. real time. this is your government at work. this is c-span giving you your democracy unfiltered. house lawmakers discuss california wildfires loss of life material personal damage, family displacement and relief effort this is just over 10 minutes. >> this week i returned from my district in southern california which has been completely devastated and altadena fire took our neighbors lives destroyed the structures that provided stability

the committee on foreign investment in the united states, you will hear a lot about that in this case, treasury make sure that these were deals that might give off a red flag that were credible and don't pose a national security risk. come to a conclusive result, and they picked it up to the president and president biden blocked it. and president biden said that there was credible evidence that this japanese steelmaker might take action shed threatens to impair the national security of the united states, and that is where we are now. both sides have taken this to court. people said it will be held up in the courts for a while and then the next administration, the trump administration will likely play a key role in deciding how this ends up. host: why was nippon steel interested in u.s. steel? guest: mergers and acquisitions across borders happen all the time. somebody sees an opportunity and they proposed a merger or acquisition. in this case, it sounds like they saw an opportunity to invest in u.s. steel in terms of their comparative advantage was integration into global value chains, and argu

treasury secretary. his performance at the committee was stellar. his background and training are tailor-made for this role. he has the demeanor and character to be an effective secretary. he has committed to restoring the prosperity and opportunity experience under president trump 's leadership had this includes ensuring that we had very over $4 trillion tax hike on the american people. if the tax cuts are about to expire. which he rightly described at his nomination hearing as a pass fail exercise. no question that he will extend these tax cuts. this is just a tax cap for rich billionaires. the reality is that the vast majority of it, the vast majority of this tax cut goes to everyday people. two people making less than $400,000 a year. and the $400,000 is computed by $200,000 per individual. so a married couple could equal the $400,000 level. the vast majority of those tax cuts however go to people in the lower and middle income tax brackets. the tax cut that we are talking about gave tax cuts to every single solitary income cohort in the tax cod

prime minister if i could kick off as you private are where i chair the treasury select committee. it's a great privilege. the chancellor appeared in front of us after the budget and was very clear that the growth of this country will outstrip what is forecasting and we found a decade of no real growth. could you layout how you going to deliver that growth? >> let me t start with your secd to last sentence. we've had a a decade, slightly more, of stagnant growth or low growth. we've got to turn that around. obviously the circumstances in which we do that were not at . we had about inheritance of economy, 22-pound -- >> prime minister, excuse me, if you tell us what you're going to do go forward. >> that sets the context of the budget. the budget was about stabilizing the economy. so it's an important part of the story because i am strong of the few one of the things that is held back growth is a fact we have a stable economy. i've talked investors crosswalk and asked them why given that got a lot of money to invest in investing in the uk in the last ten years. they fall said to me

treasury secretary. that's in conference today. the finance committeettee? >> terrific. >> brian: treasury secretary seemed to impress on both sides. >> he did, actually. he came in and said we need to get to work and bring down inflation. we need to be able to manage what is happening with sanctions. one of the clear things i talked to him about how light touched the biden administration was on iran during the first trump administration. they were tough on iran. they pulled money out and iran had less money to do terrorism. new treasure is i secretary bessent go in a put pressure back on iran where it needs to be. >> brian: do you think there is an overall sense of urgency? senator thune talked about working weekends. >> yeah. we're going to do as much as we can as fast as we possibly can and democrats step in and say we are going to try to slow walk all your nominations. we will continue to be able to work weekends. there is a clock we have to run in cabinet officials take intercity hours. that's the agreement for the clock. that's where we are. if yo

. >> if i can kick off, i chair the treasury select committee, it's great privilege. she was clear that the growth of this country, we've had a decade of no real growth. can you layout how you're going to deliver that growth? >> let me start with your second last sentence, we've had a decade or slightly more of stagnant growth or low growth. we've got to turn that around. we had about inheritance -- >> if you could tell us what you're going to do going forward. >> that will set the context for the budget. the budget is about stabilizing the economy so it is an important part of the story because one of the things that is held that growth is that we have in a stable economy. i've talked to investors across the world and asked why they've not been investing in the u.k. in the last 10 years. they've all said to me because it's not stable enough. to create the conditions for investment, we've got additional measures we need to take. to your question, in addition to the budget, we've got to carry out planning in particular, to regulation, to driving the growth that we need

committee, but it is chaired by treasury secretary janet yellen., given that there are lawsuits. now that there are questions about the integrity of the process, there are some questions. >> meantime, palantir shares now down doue-gibldits just this week. we'll talk about what's behind it that move when "squawk on the street" continues in just a minute. opportunities in the market. e*trade from morgan stanley. ♪♪ with powerful, easy-to-use tools power e*trade makes complex trading easier. react to fast-moving markets with dynamic charting and a futures ladder that lets you place, flatten, or reverse orders so you won't miss an opportunity. e*trade from morgan stanley do you have a life insurance policy you no longer need? now you can sell your policy - even a term policy - for an immediate cash payment. call coventry direct to learn more. we thought we had planned carefully for our retirement. but we quickly realized we needed a way to supplement our income. our friend sold their policy to help pay their medical bills, and that got me thinking. may

committee. and we need a secretary of the treasury that knows what he is doing, has the trust of the president, and has the trust of the president. your ship came in with this guy. he is academically gifted and real tested. he went to yale, so nobody is perfect. when he told me that i said i don't know about that. but anyway, he is really really smart and this is a compensated area. why am i here? because trump won. i would not be here if trump had not won. trump won because more people voted for him. and he had to take people to form his cabinet. when he talked about the secretary of the treasury, i am not the normal person you would go to ask about. because, this is not so much my portfolio. but, when he mentions god, i said o my god, home run, from my point of view. you are talking about somebody that is academically gifted and understands the world. scott, like any republican president, he would pick scott. he understands the president and what the president wants to do. the reason i vote for almost everybody, for every president, is i believe -- my colleague said every president deserves a

treasury secretary. president trump's pick. he's on the hill before the senate finance committee this hour.you there live before he speaks. stay tuned. ♪♪ ♪♪ ♪♪ ♪♪ ♪♪ ♪♪ at state street, we know everyone's trying to get somewhere. ♪♪ take the next step toward your future, by investing in the s&p 500 with spy. getting there starts here. >>> watching the senate finance committee this morning as we await scott bessent's hearing for confirmation of treasury secretary. we're going to take his opening statement, i believe, and we'll return to it once q&a begins. important hearing for the street. we're days away from the trump inauguration, the global economy bracing for some changes. canada readying some retaliatory tariffs on over $100 billion worth of u.s. goods if the president-elect proceeds with a 25% tariff against canadian goods. our seema mody is here with a very special guest on that front. hey, see ma. >> i'm delighted to say we have canada's minister of international trade. >> i'm looking forward to this conversation with you and americans. >> three days until president-elect trump is

the finance committee has approved scott bessent for treasury secretary.io as the new secretary of state, who took the oath this morning. he is something of a unicorn — well liked by republicans and democrats alike. the same cannot be said for some of the others. he has a great deal of foreign policy experience, staunch supporter of israel, very hawkish on china. here he is at his first press conference a little earlier. president trump was elected toi keep promises and he's going to keep those promises, and his i primary promise when it comes to foreign policy is that the i priority of the united states department of state will be the united states. i it will be furthering . the national interests of this country. and he's given us - a very clear mandate. president trump's made it very clear that - everything we do — and this is true in government, - but especially at the l department of state — everything we do must i be justified by the answer to one of three questions. does it make us stronger? does it make us safer? and it does it make l us more prosp

we need to take you live to the confirmation for treasury secretary nominee scott bessent testifying live before the senate finance committee here on c-span3. >> we are waiting here for the confirmation hearing of treasury secretary nominee scott bessent to be underway. he previously worked for the investment fund soros fund management before founding his own firm in 2016. he was a fundraiser for the trump campaign during the 2024 presidential race. other nominees appearing today include housing secretary nominee scott turner, interior secretary nominee dog -- doug burgum and epa administrator nominee lee zeldin. all their confirmation hearings are streaming live on the c-span now video app and online at c-span.org. >> this hearing will come to order. before we begin our formal business let me extend a welcome to new members, senator marshall on the republican side, welcome, senator. the democrat side we have a senator lujan, smith, kraft, warnock, and welch. welcome to the committee. i am honored to lead the committee alongside wet -- ranking member widen. we have a proven track record of working together to improve the li

treasury secretary. you will inherit the role of chair on the committee on foreign investment in the united states, also known as cfiis, and very recently president biden blocked new pond steel acquisition of u.s. steel on national security grants. yet he and the administration provided no clear, substantiated evidence, publicly at least, to justify this decision. for my home state, this abrupt action has instilled a lot of anxiety, particularly in the gary, indiana, area, where there is nearly $1 billion in investments that were promised. if the nippon-u.s. steel deal were to reappear before cfius, do you commit to an impartial review, particularly when political pressure was initially permitted to overshadow an honest assessment of national security vulnerabilities? mr. bessent: senator young, thank you for the question, and i understand the imperative for jobs for their constituents in indiana. president trump most recently has also spoken out against the deal, but if the deal is -- sen. young: the statute indicates you should -- that you are charged with providing impartial review. that is all i'm a

the ranking member of the banking, housing and and urban affairs committee that that you sit on as well, demanding answers from treasuryecretary janet yellen. how were china state-sponsored a hackers able to conduct a major cyber attack on that office that oversees economic sanctions? what, if anything, has your committee heard on this topic? >> we haven't heard a lot at this point. we will have hearings, i'm quite certain of that. part of the discussion has got to be who are we hiring to do our security work for us. are we using independent contractors hard capable? we have to -- that are capable? we have to recognize that china, who ises the source of these attacks, they are very good at cyber attacks. they are very good at getting into networks. we've got to be better. and that means a continued focus today to e day, every day -- day-to-day, every day, recognizing that threat is out there. if you let your forward down, chai -- guard down, china will get in. and that's exactly what happened in this particular case. the good news, it does not appear they got any classified information, but they probably did get some s

of 95, president-elect treasury secretary nominee scott bessent faced tough questions on capitol hill during his senate confirmation hearing he told the senate finance committeeage while defending tariffs and arguing the importance of tax cut extensions pretty deliver this morning about the u.s. dollar global status. watch. >> the treasury department plays a critical role in protecting american national security. we must secure supply chains are vulnerable to strategic competitors and we must carefully deploy sanctions as part of the whole of government approach to address our national security requirements and critically we must ensure the u.s. dollar remains the world's reserve currency. maria: federated hermes senior portfolio manager equity strategist ahead of multi-group steve chaperone. great to see you, thank you for being here, what did you make of scott bessent hearing yesterday. >> honestly i thought it was terrific. obviously calm and articulate but he was the adult in the room understanding we have a spending problem with the federal budget is not a revenue problem. you get a sense of all he's committed to the presidency on tariffs he committed to

. >>> resident-elect trump's pick for treasury secretary is set to sit in front of the committee at 10:30 a.m. eastern. according to his prepared remarks, bessent will double down on the view of the maintaining the u.s. dollar as the world's currency. he said it is critical to the health and humidity future of t economy. bessent will also tell lawmakers in his words, we must secure supply chains vulnerable to come come -- competitors. >>> now to monday's inauguration of donald j. trump. a bloomberg report says apple's tim cook will attend and he will joined jeff bezos and mark zuckerberg. >> the oligarchs. >> they will be there. >> it is like the maga 12 now. >> it is growing. the markets are closed on monday, but cnbc will have special coverage of the inauguration. we'll feature high profile guests to talk about the administration and your money. those include investor stanley druckenmiller and albert bourla. separately, microsoft ceo satya nadella dined with trump and vice president ce yesterday. they discussed a.i. and cybersecurity and including the microsoft pledge to invest $80 b

let's start with the confirmation hearing before the senate committee yesterday, the president elects to service secretary -- treasurytestifying. c-span covered it in its entirety. look at this exchange between maggie hassan questioning the nominee on his plans to lower costs. [video clip] >> under president-elect trump's policies, do you believe prices for families will go up or down? >> i believe inflation will be much closer to the federal reserve's target of 2%, and i believe what we have seen the past two years is the bottom two clean tiles have a very different basket of goods and services, so there are two ways, we can either lower costs or get real wages up, i would hope we were able to do both. >> you believe president trump's policies will further increase ranges and lower inflation? >> i believe they will increase real wages and lower inflation closer to the federal reserve's 2% target as it did during his first administration. >> are there any specific policies proposed by the president-elect that would increase prices for families? >> nothing i can immediately think of. >> so that is a no. if the preside

also on thursday the nominee for treasury secretary testifies by the senate finance committee. watch live on the c-span network or on c-span now are free mobile app or online at c-span.org. >> this is democracy unfiltered with c-span expense history as it unfolds with c-span a live coverage of this month as republicans take control of both chambers of congress a new chapter begins with a swearing in of the 47th president of the united states monday januarl day coverage of the presidential inauguration as donald trump takes office becoming president of the united states. stay with c-span this month for comprehensive alive unfiltered coverage of the 119 congress and the presidential inauguration. c-span, burke democracy unfiltered. >> ever to a state entity blinken spoke to the atlantic council about the situation in the middle east. include the state of a cease-fire agreement between israel and hamas. throughout the event secretary blanket was interrupted by protesters who are critical of american support for israel and its ongoing war in gaza. this runs in just under an hour. ♪

to recap, president-elect donald trump's pick for treasury secretary testifying before the senate finance committee today and pushed for the passage, permanent passage, of the 2017 trump tax cuts. taiwan semiconductor reporting an earnings and revenue beat, and morgan stanley jumping on strong results and net interest income. >>> the holiday shopping season hit a record $1.2 trillion, but the headline within that headline, consumers picked buy now, pay later options at a blistering pace. bnpl platform affirm sits at the center of all that spending. ceo max levchin joins us next live the tell us how he plans to capitalize on the burgeoning preponderance haiti of his site, but we'll also ask what could happen to the his customer base if interest rates stay higher for longer. "claman countdown" is coming right back. s&p up 3. ♪ at harbor freight, we design and test our own tools and sell them directly to you. no middleman. just quality tools you can trust at prices you'll love. whatever you do, do it for less at harbor freight. ♪ after last month's massive solar flare added a 25th hour to the day, bus

the finance committee also has a -- approved scott benson for treasury secretary, but it is the key securityhich remain in full for moment. so the senate leader, johnson, says he is helping as well -- at some point today to confirm john ratcliffe as the cia director. no progress yet on that particularly thorny issue and the defense nominee, pete hegseth. sumi: he remains controversial. they have approved marco rubio as the new secretary of state. he took the oath of office as you can see here this morning with the vice president, jd vance. he is something of a unicorn. well liked by republicans and democrats alike. yes, that does still exist. us and cannot be said for some of the others. he does have a great deal of foreign policy experience and it has to be said of marco rubio. he is a staunch supporter of very -- and here he is at his first concert -- first press conference. >> potential is going to keep those promises. and -- and his primary promise is that the priority of the united states department of state will be the united states. it will be further in the initial interest of this c

remember, this comes after the committee on treasury decides on deals was split on whether this deal should go through. it was punted to the president. he had 15 days to make a decision. we knew he was against it. he was publicly against it. now officially against it. i expect there to be legal action by the companies from nippon and u.s. steel. they are determined to make this happen. it is not as clear cut with the national security. >> there are 100,000 people involved in the steel industry. it is minuscule. the president had bad relations with almost everyone in business. they never got to speak to him. he always thought it was bad optics. nucor is decimated by chinese dumping through mexico. if you wanted to do something to preserve the steel industry, stop mexican dumping by china trans shipment. instead, they do this although nippon steel guaranteed a level of production. >> billions of investment in the united states keeping the headquarters in pittsburgh. they bent over backwards. if you are going to argue on national security, you know, u.s. steel and nippon steel say japan

of state after receiving unanimous senate approval while trump's nominee for treasury secretary just cleared a senate committeemoments ago. plus, new reporting about what we could see at today's white house meeting between president trump and top republicans in congress. you're watching jose diaz-balart reports on msnbc. >> consumer cellular ranked number one in network coverage and customer satisfaction. hi. >> my friend linda has you guys and gets way better coverage than i do. >> sounds like linda has you beat only in coverage and plans start at $20. >> okay, price to get your second month free when you switch to consumer cellular. >> anyone home in huron? jean? >> how's it going, honey? there's a lot to take care of. more sympathy cards. your mom was well loved. i hope you know how grateful she was to have you. >> i know, speaking of grateful. >> what is it? >> it's a check from united of omaha life insurance company. mom's life insurance. >> life insurance? >> so soon? >> just like they said. >> my sister always looking out for her family. >> i can still hear her. >> i don't want my bills to be your probl

. >> and we take you back now to the senate finance committee nomination hearing for president trump's treasury secretary nominee scott bessent. the senate will be voting on his confirmation later this evening. you can watch live coverage of that vote here on c-span2. >> after your crocodile tears about the defense -- how china is outcompeting us, as you know, because you're a smart person and you spent a lot of time on wall street just like your predecessor did, discretionary spending is about a third of our overall spending. 17% of what we spend is domestic. 17% roughly of what we spend is military spending, that's spending you were talking about with respect to china. there are so many things i think you owe the american people after we have seen the catastrophe of the result from the tax cuts the last time and the fact that the benefits went to the wealthiest people, but don't you at least owe the american people a refund for the $2 trillion that they've incurred because of the last round before you get to 4.6 trillion, can we think of a better idea in the halls here than cutting taxes for

committee. and we need is a history of treasury that knows what he is doing has to trust the president and lovess country. your ship came in with this guy. so scott since from south carolina, he is academically gifted and real world tested. he went to yale. nobody is perfect. when he told me that, i said, i don't know about that. but anyway, he is really, really smart and this is not located area. now, why am i here? because trump won. i would not be here if from the cannot win. mr. bessent: because more people voted for him. and he had to pick people to form his cabinet. and when he talked about the secretary of treasury, i am not the normal person you would go to ask about because this is not so much my portfolio, but when he mentioned scott, i said, "oh my god, home run," from my point of view. i mean you talk about somebody who's academically gifted, understands the world. scott lake any republican president would pick scott. i mean he really understands the president and what the president wants to do. and reason i vote for almost everybody for every president is i believe, colleagues, that

president trump's nominees to lead the treasury and interior departments and the environmental protection agency appeared before different committeesn the senate today. so did a number of witnesses for and against the nomination of pam bondi as attorney general. treasury secretary nominee scott bessent warned that i know ceased government spending and deficits and a failure to extend the 2017 tax cuts, would leave the united states, quote: barreling towards an economic crisis at year end. he also defended trump's claims that foreign countries would pay for higher tariffs. >> i think that's bologna. it's going to be paid for by workers and small businesses. so your response? >> yes, senator, i would respectfully disagree. foreign manufacturers, especially china, especially china, which is trying to export their way out of their current economic malaise, they will continue cutting prices to maintain market share. >> interior secretary nominee doug burgum testified when the government restricts energy production in america it just shifts it to adversaries like russia, venezuela and iran. burgum warned that the u.s. needs the energy. >

. >> president trump's treasury secretary nominee is now one step closer to getting the job. the senate finance committeeillionaire hedge fund manager scott bessenthe nomination for treasury secretary to the full senate with bipartisan support. so what should we expect economically from a second trump administration? nbc's christine romans is following this for us. and christine, this isn't a simple question, but trump 2.0. yeah. what does this agenda look like? he's made a lot of promises. and it's an aggressive, ambitious agenda. and he comes in, you know, having been in this job. >> before right. >> when he left office, the first term. >> inflation was just 1.4%. it's one of the reasons why so many people voted for him. again, they want to see a number like that. the economy, $22 trillion was the size of the economy. we left office. it's even bigger. the economy is strong. rolling along with that inflation number, something people would like to see lower prices. and he's trying to promise that he will lower prices. so among the things that he has said he will do aggressive tariffs, tax cuts, deportati

the committee on foreign investment sifius and the treasury department basically punted and all becamel. biden is using, he's saying we can't have a deal because of national security. i don't understand that. now, mr. trump also opposes it, but particularly on biden, i just don't understand in general, it seems to me nippon steel will save u.s. steel. u.s. steel will go down and close factories and lay workers off big time if they don't get the investment from nippon steel. what do you think, steve moore? >> well i can explain why joe biden came out against this. you see he has memory problems and he thinks we're living in 1935, not 2025. japan is no longer an enemy of the united states. they are one of our greatest allies, and by the way, they are a check against china. this is the point and i love talking about this on your show because i know donald trump watches your show. mr. president, we want japan to have this , take control of this and by the way they aren't taking control of it. they will just remanage it but the jobs stay in pennsylvania, larry, but if we don't do this deal,

also today the senate finance committee is expected to vote on trump's treasury secretary nominee, that'snt. if approved, bessent will move to the full senate vote. and vote on the more controversial picks like pete hegseth and kristi noem are expected to come as early as this week. pete hegseth did just advance out of committee by one vote, but he advanced. stuart: lauren or thank you. quick check of futures, please, you'll like what you see. 160 up for the dow, 112 the up for the nasdaq. that's a rally. the opening bell is next. ♪ if i could find you now, things would get better. ♪ we could leave this town and run forever ♪ (♪) the road to opportunity. is often the road overlooked. (♪) at enterprise mobility, we guide companies to unique solutions, from our team of mobility experts. because we believe the more ways we all have to move forward. the further we'll all go. you founded your kayak company because you love the ocean. not spreadsheets... you need to hire. i need indeed. indeed you do. our matching platform lets you spend less time searching and more time connecting with candida

futures" i have exclusive interviews with oversight committee chairman james comer, texas governor greg abbott, florida caucus men brian donald and treasurychin join me on fox news on sunday morning. that will do it for us on fox business. thank you so much for joining us have a g and i will see you next time. >> "barron's roundtable" sponsored by global x etf's. jack: welcome to "barron's roundtable" where we get behind e

david tax, you know him as the crypto czar will chair the new committee which will also include the secretary of the treasuryf the securities and exchange commission and heads of other relevant departments and agencies. we want you to stay tuned for that. we were waiting to hear the role of david sachs. what do you make of this? >> i heard that out loud. sounds like what we need. the complaint from the crypto world, we are part of that, wouldn't make any decisions at all, wouldn't decide what the rules were or tell people, not how of a rule of law works. you can say some things are legal or illegal. the crypto industry needs regulation. from bad actors in this space. having a legitimate crypto bassists requires people knowing this i can trust and this i cannot. anyone who is a real business player in the crypto world isn't against regulation but it is regulation that is sensible and that you know what it is to comply with that not risk going to jail, first time in four years the sec and the federal government said here is something smart and sensible. we have to see what the task force comes up with but is t

president elect trump's pick to lead the department of treasury, scott bessent, appeared before the senate finance committee yesterday. a hedge fund manager and billionaire political donor to trump's campaign called for extending the 2017 republican tax cuts and was questioned about abandoning the debt limit. >> this is the single most important economic issue of the day. this is pass fail that if we do not, the fix these tax cuts, if we do not renew and extend, then we will be facing an economic calamity. and as always, with financial instability that falls on the middle and working class people. >> moody's estimated that a debt limit breach would cost the us economy $12 trillion and cost 6 million people their jobs. i think this is the reason that president elect trump said that eliminating the debt limit is, quote, the smartest thing congress could do. and i'd like for congress to do the smartest thing, and that is eliminate the debt limit so we don't have this problem. >> well, senator warren, i will tell you that once president trump takes office and if i'm confirmed, if he wants to eliminate the debt

futures" i have exclusive interviews with oversight committee chairman james comer, texas governor greg abbott, florida caucus men brian donald and treasury secretary steven mnuchin join me on fox news on sunday morning. that will do it for us on fox business. thank you so much for joining us have a g and i will see you next time. >> "barron's roundtable" sponsored by global x etf's. jack: welcome to "barron's roundtable" where we get behind the headlines and prepare you for the weekend. i am jack otter big tech in the spotlight top ceos front center of the inauguration they deliver for president trump i can they deliver for wall street, we will take a deeper look. we begin with the expert panel and three things investors are to be thinking about right now on the "barron's roundtable" my colleagues ben levisohn, elizabeth o'brien and andrew bary. great week for the s&p 500 and the dow did better going out more than 2%, broadening in the market we sell a little bit on friday but hit an all-time record in the middle of the trading day, what is going on. >> it's amazing i went away for a week and i left in the market was falling apart and ev

let's start with the confirmation hearing before the senate committee yesterday, the president elects to service secretary -- treasury, testifying. c-span covered it in its entirety. look at this exchange between maggie hassan questioning the nominee on his plans to lower costs. [video clip] >> under president-elect trump's policies, do you believe prices for families will go up or down? >> i believe inflation will be much closer to the federal reserve's target of 2%, and i believe what we have seen the past two years is the bottom two clean tiles have a very different basket of goods and services, so there are two ways, we can either lower costs or get real wages up, i would hope we were able to do both. >> you believe president trump's policies will further increase ranges and lower inflation? >> i believe they will increase real wages and lower inflation closer to the federal reserve's 2% target as it did during his first administration. >> are there any specific policies proposed by the president-elect that would increase prices for families? >> nothing i can immediately think of. >> so that is a no. if the presi

that was donald trump's nominee for secretary of treasury, explaining to the top democrat on the senate finance committeey he thinks it's perfectly okay for hedge fund managers to not have to pay medicare taxes because their income is not treated as wages like the rest of us, including the highest paid professional athletes in america, all of whom pay medicare taxes on their entire contract salaries. donald trump's nominee for director of the office of management and budget, russell vought, had the first of two of his confirmation hearings in the homeland security and government affairs committee, where new jersey's freshman senator, andy kim, asked him about why he thinks air traffic controllers and all federal workers are villains. >> i've also heard you. >> say in other. >> circumstances, quote. >> you know, we want. >> the bureaucrats to be traumatically affected when they wake. >> up in the morning. we want them not to want to go to work. >> because they are increasingly viewed as. >> the villains. >> we want to put them in trauma. >> i raise this with. >> you. >> because i was. >> a career. nonpart