scott bessent? jerome powell? gennadiy: i think the issue is jerome powell will not tell us anything for the next few months. that has been the tone from speakers. what i'm watching next is economic data. the reason the market has been so nervous about deficits is because there is not anything for them to pay attention to for weeks. this week has been quite light. we are paying attention to the deficit dynamics. if you start if the economic data start to slow down -- you have that uncertainty and the pulling forward of purchases by consumers -- as you get into q3 and q4 and you see real underperformance, -- that is the sentiment i hear from investors. 4.5%, 4.6% on 10's look like an attractive level but they are worried about the catalyst. if the data slows and you see the economic numbers slow down i think you will see investors pile in. we are still expecting a steeper curve. we will get a bowl steepener -- a bull steepener. vonnie: speaking of which we did mention -- david westin questioning scott bessent about

it is up to scott bessent. he is talking about, a 145 tariff toing to 80% said that seems right up to scott bessent, take down but 80% just showed another post, that the president put out there, by the way, john you know what gets me people miss their trade versus free trade everybody wants free trade united states does not the free trade, we have not even had fair trade trying to get things fair but here has what is the president just wrote on truth, about -- raising taxes on the rich, the problem with even a tiny tax increase for the rich which i all others gracely accept to keep low and middle income rockers radically left democrat lunatics would scream "read my leaderships". john: what else would you expect my goodness if they republicans do go ahead increase the tax income tax on very shy income americans making 2 1/2 million dollars or more, there is a strong underlying pop in america much welcome probably not damage to willingness to work with and so on, won't make much of a difference other than boostin

ambassador greer and scott bessent to switzerland to engage. i want to remind everyone this is a beginning, not the end, we hope for good things out of this weekend but i met with and talked with ambassador greer and scott bessent this morning. these guys will execute the president's plan to stand up for workers. maria: of that plan the president said involves a lot more than just trade. there are nontariff barriers that have been in place and undermining by communist china on america for years. >> they have. this comes out of world war ii, the president said this week when he did a proclamation on ve yesterday, we rebuild the world through the marshall plan, they benefited those people as they develop their countries and we need to repair that, create a level playing field and rebuild our strategic industries that have been hollowed out, it's free-trade but not fair trade. currency manipulation, regulation and so forth but this president wants to deal with not just tariffs. maria: you've got xi jinping in moscow right now is the guest of honor

maria: we're back with treasury secretary scott bessent.we were just talking a moment bag about the meeting with business leaders at the white house. you met with many of those leaders in the oval office yesterday. did you get a sense they are going to move supply chains into america and when? >> well, maria, we've seen substantial commitment. 7 or 8 trillion between industry and sovereign funds, foreign investors wanting to come in and there's a great sense of optimism. the meeting yesterday was about american innovation. no one innovates like americans. the american economy is the best place for capital in the world and what we are doing is putting more certainty in place. we've got the tax bill which is going to have certainty. we're going to have perm thens permanencein the tax bill. we are cutting energy costs so we will be the low cost energy provider for business and then we're providing substantial deregulation for these businesses which the main thing that we heard was that they were just buckling under all the biden era regulation

here is scott bessent the treasury secretary with me last week. think this'll be a multistep process. i think first there will need to be a de-escalation on the very large tariffs. 145 and 125 are not sustainable on the chinese side. we saw very poor gdp numbers out of them and we now see large estimates of job growth loss from 5 - 10000000 jobs. the chinese economy is slowing down substantially. we will likely revisit the purchase agreements that were put together in the first china trade agreement in january of 2020 to make sure that the chinese are honoring those agreements. never going to push for fair trade with china. though the most unbalanced and imbalanced economy in the history of the world and they need to rebalance. maria: adam johnson, way and, we finally saw enough pain to the chinese economy as a result of u.s. tariffs for them to stand up and start paying attention. >> that is absolutely right. i would say to secretary bessent's credit whom i call the adult in the room for his very steady hand. he did not antagonize the chinese. he

scott bessent said we could have a number of deals announced in the coming week.ot of people speculating india or japan could be next. >> this is great news this is a win-win agreement for the united states and the uk and i would expect more deals will be forthcoming fairly soon and without making the effort of trying to get into the negotiation with higher tariffs nothing would've happened. the good news that u.s. exporters are now facing a more level playing field there is a movement of nontariff barriers this is a positive development. obviously this is the first sign deal many, many more that is china and the open if we can get the deals going get india to the table with the signature and japan with the signature. the big. >> daddy and all of this in the levels are unsustainable. the new york post said no i'm not lowering the tariffs ahead of talks. wait a minute then i could go higher than 145%. meanwhile democrats are going out of their way jumping through hoops to try to criticize the deal the mainstream media wasting no time in downplaying the u.s. uk deal

joining to discuss is the treasury secretary scott bessent. weekend. welcome "bloomberg surveillance back to "bloomberg surveillance ." good to see you. sec. bessent: good afternoon from geneva. jonathan: let's get into the talks from the weekend payment one standout line for me and many others was the line in the differences between the two sides were not as large as we thought they would be. what were those differences, and why were they smaller than you expected? sec. bessent: i think what is important to know, for the tariff program, we had a plan, we had a process, but we didn't have a mechanism for engaging with the chinese. china was the only country who escalated their tariffs in response to our reciprocal tariff level. that resulted in an unfortunate escalation. we now have a mechanism to deal with that. neither side wants a generalized decoupling. in the u.s. will do a strategic decoupling in terms of the items that we discovered during covid were of national security interests, whether it is semiconductors, medicine, steel. we still

scott bessent seeking what he calls de-escalation. the nation's capital. it feels like talks about talks. is it fair to call them talks about talks? tyler: that's a good characterization. it will be all about de-escalation before they can get into any real contours of a trade deal. bloomberg economics cautions they don't think meaningful tariff progress will come quickly or easily. the optimistic view is both sides lower their tariffs on a reciprocal basis to start to jump start the discussions. we know that beijing has called on the was to remove or slash levies on a unilateral basis. while president trump signaled willingness to lower tariffs, we know the white house would like to see china de-escalate first. that could look like china pledging to boost u.s. imports are resurrecting some of the purchasing agreements under the phase one china trade deal. maybe even perhaps tightening controls when it comes to fentanyl flows. loosening curves when it comes to critical minerals, things like that. it remains to be seen with the u.s. nee

tom: treasury secretary scott bessent. more from the conference this week. do not miss that coverage. the trump administration has blocked university from new federal research grants. it could affect over $1 billion annually in the ivy league school we need to enter a negotiation with the administration to resume eligibility. harvard has come under fire from president trump at his allies who accuse it and other elite universities of ideological bias. a harvard spokesman called the move illegal. coming up, we will move from the u.s. to what's happening in germany. it's expected, it's been known about, it is nonetheless a significant chapter in that company's history. taking over as german chancellor later today. we will be live to discuss the challenges facing europe's largest economy and what the policy priorities of the new chancellor will be. that is next. this is bloomberg. ♪ this xfinity wifi is booming! booming, booming, booming booming, booming, booming booming, booming, booming next stop, boomtown. -the wifi's boomi

scott bessent also spoke about stablecoin policy on bloomberg. sec. bessent: we want to apply the highest u.s. regulatory aml standards to digital assets, especially stablecoins. i have seen estimates that over the short term that stablecoins could create $2 trillion of demand for u.s. treasury and treasury bills. to put that in context the number is probably about $300 billion. scarlet: scott bessent. our next guest is the biggest player in the table score -- stablecoin place. paolo ardoino. i want to bring in the bloomberg editor with us. thank you so much for coming in. i know you were in washington for the last couple of days as the senate addresses the genius act, which does call for federal oversight of stablecoin issuers by the federal reserve. with the dominant coin be compliant with this? >> thank you for having me. the united states, looking at technology that we created in 2014. it is a very big step for us. we are interested in seeing how the u.s. is looking at regulating stablecoin technology. it is important for us to see how the genius a

maria: treasury secretary scott bessent with breaking news to investors from the milken conferencingess on china trade talks could come in the few weeks. president trump says he will not bring down tariffs to get china to the negotiating table but note that beijing will have to make a deal because they need the u.s. consumer. a new report from the wall street journal says data to analyze china's economy is vanishing chinese officials no longer publishing data points like unemployment and land sales and foreign investments. join ameena at the milken institute international chairman senior fellow and advisor curtis chip you just made the point you don't hide data what is good data. >> is par for the course is not just this year but in prior years with things look bad the data was not forthcoming which makes it about investors and makes it tough for investors and were probably get a see less and less again for direct investment into china. >> the data that we saw last week was painful, manufacturing was down, exports were down. the tariffs that president trump has begin to institute are

scott bessent wants the u.s. to lead in ai and quantum computing. arvind: we are very pleased with the innovation. we can do 450 billion ai inferences per day. we just announced this quarter. think about using that in financial systems to help reduce fraud. that is an incredible area of innovation. quantum, part of the reason we announced the investment last year into quantum and we brought out the quantum system two this year is we are very excited where that will go. that is an area we believe the u.s. must and can lead on quantum computing for national security but also for competitive advantage and growing a business. caroline: does that continue to grow in the united states? you just unveiled a huge amount of investment into the u.s arvind: we put 150 billion into the u.s.. we believe if i look at ai, hybrid and a look at quantum coming, the growth opportunities are here. we want to invest to take advantage of these opportunities. caroline: live from think, we very much appreciate your time today. we are also watching shares of other providers.

us treasury secretary scott bessent and trade representative jamieson greer have confirmed that they will meet their chinese counterparts in switzerland on friday. china's foreign ministry has also confirmed that vice premier he lifeng will attend the discussions. this marks a big step forward for the world's two largest economies, who have been embroiled in a trade war since january. us tariffs on chinese imports currently sit at 145%, while beijing has hit back with levies of its own on us imports amounting to 125%. the us and britain have made good progress in negotiating a trade deal that would likely include lower tariff quotas on steel and autos, a uk official said on tuesday, but the timing of a deal remains in doubt amid conflicting signals from us treasury secretary scott bessent and president donald trump. the talks, led on the us side by officials from the us trade representative's office and the commerce department, were expected to result in lower-tariff quotas for steel and autos, with talks still continuing about the uk digital services tax. a second source familiar wi

i spoke with scott bessent yesterday about the rare-earth minerals deal.s an economic partnership. so we are going to accelerate the ukraine economy and as the president says and i always say economic security is national security and national security is economic security. a strong ukraine posted this conflict that will help ukrainians maintain their national security. in terms of the deal this is a total economic partnership this isn't just rare earth it is infrastructure, it is energy so there is an opportunity for both sides to really win. i think this is a strong signal to the russian leadership and it gives president trump the ability to negotiate with russia on a stronger basis as opposed to the daylight that was previously created between the u.s. and ukraine. maria: it is very interesting. this is the first of the kind his work partnership and they will create a united states ukraine reconstruction investment fund and put the money from the minerals into the fund and ukraine has to do another deal that's in the war with russia jd vance and secreta

he saying. >> scott bessent justified of the luxury flying. $400 million jet because it also came with billions of dollars in orders for boeing. jake tapper pressed him asking what do the qatari's will and return. watch this. >> you doing president trump on the middle east trip and he said defending from criticism from both liberals and conservatives to accept the $400 million luxury jet. >> they give us the statue of liberty and the resolute desk i'm not sure they asked for anything in advance and the more important airplane deal there is 100 billion orders from qatari airlines to boeing, kelly ortberg the ceo of boeing was with us in the middle east. this is the biggest order in the company's history. i think that is much more important than this other one. >> there is your pushback, tapper said the statue of liberty was authorized by the congress and it does belong to the american people. is that the jet who owns it. >> is distracting from the middle east trip. stuart: president biden's big beautiful bill advance in the house. as a memorial

treasury secretary scott bessent is here and the ceo of general motors is here.ornings with maria" live on fox business. we'll be right back. ♪ ♪ (vo) weight loss. for so long, i felt stuck. i tried, and tried again. lost weight, gained it back. but zepbound means change. zepbound is for adults with obesity to help lose weight and keep it off. activating 2 naturally occurring hormone receptors in my body, zepbound works differently. it's changing what i believe is possible when it comes to weight loss. it's changing how much weight i lose. up to 48 pounds. and some lost over 58 pounds. ♪ don't take if allergic to it, or if you or someone in your family had medullary thyroid cancer or multiple endocrine neoplasia syndrome type 2. tell your doctor if you get a lump or swelling in your neck. stop zepbound and call your doctor if you have severe stomach pain or a serious allergic reaction. severe side effects may include inflamed pancreas or gallbladder problems. tell your doctor if you experience vision changes, depression, or suicidal thoughts, before scheduled pro

jonathan: elsewhere, on trade, scott bessent is weighing in on a potential next step on a renewed u.stionship. sec. bessent: where we were with 100 25% was the equivalent of an unintended embargo. that is not healthy for the two largest economies in the world. we can proceed from here. we have a very good framework. we can do a big, beautiful rebalancing. jonathan: a big, beautiful rebalancing. the treasury secretary taking words from the president of the united states, maybe. lisa: i feel like i should go home and say to the children, this is the big, beautiful dinner. going forward, what does this look like between china and the u.s. ultimately? we have a sense of what strategic decoupling looks like and how that gets passed through given the fact that china's redline has been some chip exports and the inability for them to get some of the more advanced technology? there are a lot of question marks remaining. the thing with rare earths is important because many said that was a dealbreaker for the u.s. and that the u.s. was going to run out of magnets from china that were instrumenta

and, of course, the news that scott bessent will be talking to the chinese. do you see any world where perhaps what president trump is doing with the chinese could help the american economy in the long run or not? >> i mean. >>>> rate, where it's clearly. just a. >> sort of gut., instinctive reactions, the sort of. >> an overly emotional reaction where he just continued. >> to ratchet up tariffs. >> because. >> you know, i'm tougher. >> than you. >> that's essentially. >> what his basis is. and that. >> underscores. >> i think, what. >> jerome powell said today about the uncertainty. >> there is. >> no rhyme or reason. >> there is. >> no strategy. here that donald trump is implementing for our economy. and that was reflected by exactly what jerome powell said. we have no idea what the. purpose or the point is. >> there are. >> many different reasons. none of them explain these escalating. >> tariffs. >> and none of them are going to. >> be successful. >> so we're all sitting here waiting. >> wondering what he's going to get. and i certainly. >> hope it's. >>

us trade secretary, scott bessent says "substantial progress" has been made in trade negotiations with china. the home secretary prepares to set out sweeping reforms to the immigration system, with tighter rules on bringing foreign workers to the uk. hello i'm emma vardy. we start with breaking news from the middle east, where hamas has announced that it will release an israeli-american hostage as part of efforts to reach a ceasefire deal in gaza. it's being reported that edan alexander is to be freed on tuesday. it follows direct talks between the militant group and the us administration in qatar. he's been held hostage in gaza since october seventh 2023, when hamas launched raids into southern israel in which more than 12-hundred israelis were killed. israel says it has made no concession to hamas for the release of edan alexander, which it says is being made as a gesture towards america. the talks in doha are aimed at securing a ceasefire deal in gaza, the release of israeli hostages still in captivity and the entry of humanitarian aid into the territory. which israel has blocked ai

here's scott bessent on fox news. i told you we had a lot of scott bessent talking about what it's going to mean, or how parents can talk to their daughters about how they're getting less at christmas time. >> this reporter behind me was quite snarky the other day when president trump talked about the girl having two dolls and he said, well, what president didn't take the question, but he said, what would you tell that girl? i said, i would tell that young girl that you will have a better life than your parents, that you and your family, thanks to president trump, can now be confident again that you will have a better life than your parents. which working class americans had abandoned that idea? your family will own a home. you will be able to the advance. you will have a good education. you will have economic freedom. that's what we are advancing. >> christine. >> okay, so the people are so upset about cost of living, about a home, about a car loan, about all of these other things. and what we're hearing from the adm

scott bessent said washington will share details today. and chinese officials promising a joint statement. >> i am happy to report that we have achieved progress between the u.s. and china on the trade talks. we will be giving details tomorrow. i can tell you the talks were productive. >> the two sides held the in-depth exchanges on issues of their respective concerned. the atmosphere was candid and constructive. the meetings reached important consensus. >> and for more now i'm joined by stephen, bloomberg's chief nor the asian correspondent out of hong kong. the on the spin, what did -- beyond the spin, what did god talks yield? >> scott bessent who yelled u.s. delegation saying we would get that -- who led the u.s. delegation said we would get details tomorrow and we will be digesting what substantial progress means and where did they find common ground. fong said they also reached important consensus. i want to know what consensus they could have reached because they were so far apart on the issues leading up to this. this was a de-esca

the us treasury secrtary scott bessent gave no details about what exactly had been agreed. good afternoon. i can report that we have made substantial progress between the united states and china in the trade talks. first, i want to thank our swiss hosts, the swiss government, who have been very kind and provided this wonderful venue and i think that lead to a great deal of productivity we have seen. we will be giving details tomorrow, but i can tell you that the talks were productive. now, it's time for a look at today's sport. we'll start in spain because barcelona are one win away from winning la liga after a thrilling el clasico. they came from behind to beat real madrid 4-3. real made a dream start - kylian mbappe scored twice inside the first 15 minutes at barca's olympic stadium, but eric garcia and lamine yamal drew barca level before a brace from raphina gave the catalans a 4-2 lead at the break. mbappe completed his hatrick with 20 to play to set up a grandstand finish. but barca held on and are now seven points clear of real with three games remaining, so they are

scott bessent warning that trade talks with china are stalled.y call between trump and xi jinping may be needed to strike a deal. annmarie: i'm not surprised about this. what have we seen since geneva? you spoke to the treasury secretary, the markets were on a high. this was a detente. we have seen the u.s. go after more the chip sector, block wall way from being bought from their allies, some jet engines potentially might not go over to china. we have reporting from reuters they will send potentially more arms to taiwan than trump agreed upon in the first administration. bc tension brewing between washington and beijing since the talks happened in switzerland. lisa: talking about pressure, president trump putting pressure on fed chair jay powell to cut rates at their first in-person meeting since the inauguration. powell reiterated the policy will depend on incoming economic data. we have quite a bit of it coming up at a time when a lot of them say they don't have the justification to cut the with the president once. annmarie: which is why at 8:

is now my pleasure to open the conference by introducing and welcoming to the stage secretary scott bessent. [applause] secretary bessent: good morning and thank you for that kind introduction. it's an honor to be with you. if the name sake of this conference is any indication, this is a meeting for bold people with bold ideas. well, i work for president donald j. trump, so i feel right at home. mike milken like president trump is a visionary. in the 1970's he had the rare combination of guts and inelect -- and intellect to defy the wall street consensus with his heterodox approach to junk bonds and he pioneered a new asset class known today as high yield bonds. by staying true to his vision, mike overturned decades of economic orthodoxy. he bootstrapped entirely new industries by redirecting billions of dollars in capital to noninvestment grade companies. his colleagues on wall street told him he was delusional and a fool, but ultimately history proved him right. sound familiar? like mike milken, president trump has no shortage of critics in establishment circles, but he proved them wrong

were waiting for scott bessent to tell us what the so-called x date is.ptember and next day is looming, treasury secretary dismissed some of the worry over the weekend. watch this here is scott bessent. >> first of all i think that moody's is a lagging indicator i think that's what anyone thinks of credit agencies. we did not get here in the past 100 days it's a biden administration in the spending that we have seen over the past four years we inherited 6.7% deficit to gdp. the highest when we were in a recession, and on the war and we are determined to bring the spending down and grow the economy. >> let's get into this, chris what about liz's point president trump's agenda is all about growth, when you start factoring in the impact of deregulation, factor the impact of extending the tax cuts do not get an accelerated growth story, doesn't that pay for some of this. >> absolutely. of course growth is the most important component we've guided you both would gotta cut spending, we talked about it, there's a lot of areas where we can do that and allotted ne

as we heard a little earlier, us treasury secretary scott bessent today said the trump administration is making good progress, with trade deals with some of america's biggest trade partners - but not china - to be announced as early as this week. but speaking to the house appropriations committee, he didn't name any of the countries involved. let's hear some of what he had to say: we are currently negotiating with 17 of those trading partners, china, we have not engaged in negotiations with as of yet and many of our trading partners have approached us a very good offers and we are in the process of renegotiating those. as scott bessent was speaking, the uk and india finally concluded a landmark trade deal, which both countries hope will support sectors hit by us tariffs. the agreement, between the world's fifth and sixth largest economies, was signed today after three years of stop-start negotiations. the british government says the agreement will boost trade between the countries by an additional thirty-four billion dollars a year by 2040. here's the prime minister sir keir starmer:

scott bessent. this was also revealed in a rare joint statement that was just issued minutes ago by both the u.s. and china. and according to this joint statement, there were some details saying that the u.s. will modify imports, will modify tariffs on chinese goods, china will modify tariffs on u.s. goods under the following terms 24% will be suspended for 90 days, while the remaining 10% will be retained. let's continue to watch the press conference underway in geneva. >> very pragmatic with each other. and to be sure, there were there were tough things to deal with on, you know, the level of removal, the timing for implementation, managing each side's domestic politics, et cetera. i won't go into too much detail. but but i would say the toughest part was simply getting a position where we could, in good faith, both sides work with each other, and once we did, we were able to do this in a couple of days. this is not the first time i've done trade negotiations with the chinese, and sometimes it can

treasury secretary scott bessent and china's vice premier hurley fyong say both sides have made substantial progress on de-escalating the trade war as high-level talks wrapped up in geneva (switzerland). now, while no details have been revealed, the white house said an announcement will be made on monday. for more on those weekend talks, our reporter david wedell filed this report. officials from both sides gathered on neutral ground at the geneva. residence of switzerland's ambassador to the united nations, it's the first time that officials from the world's two biggest economies have met to talk trade since president trump slapped steep new levies on chinese imports sparking a furious retaliation from his trade rival. us import tariffs in china are 145% and the reverse levy by china it's almost as high, 125%. tariffs like these amount to a near trade embargo. between the us and china, writing on truth social, donald trump praised the talks process, calling them a total reset, negotiated in a friendly, but constructive manner. nobody expects the president to completely reverse his trade le

. >> jesse: i was watching scott bessent to announce this deal not because it's a great deal but it isreat deal, i just don't want to hear this guy talk about tariffs anymore. i'm sick of it, he's been wrong this whole time. trump says it's the most beautiful word in the world -- i like deportation. i like doge. >> greg: the other problem we don't have, china ignoring trade laws because they didn't respect biden. >> jesse: biden never enforced it, he never tried to enforce it, they are polar opposites, joe biden and donald trump. he loves risk him he's a dealmaker. and he's self-reliant. joe biden lived off taxpayers, is afraid of risk and i remember during the first vice presidency they sent him over to iraq to cut status of forces, he didn't get that done. he didn't get mexico to help with the border, he got ripped off with brittney griner remember that deal? >> greg: but now we are talking about joe biden. >> jesse: it all goes back to joe. >> greg: in your face early because we sat and argued about the stock market is never going to come back up and here we are. >> harold: it's goo

thank you, we'll stay in contact. >> thanks. >> bill: scott bessent. this now. >> president trump: let me say congratulations to the entire maha movement. this movement has become very hot. people are really -- i tell you, they are going crazy over it. >> jacqui: the maha report painting a dismal state of child health. what it says is causing chronic disease that has gripped the nation's youth. questions pile up over president biden's health decline. a house committee is subpoenaing former staffers to find out what's up. >> i was with joe day and night and saw him more than any other person. i woke up with him and went to bed at night with him. so i saw him all throughout the day and i did not create a cocoon around him. if you're living with diabetes, i'll tell you the same thing i tell my patients. getting on dexcom g7 is one of the easiest ways to take better control of your diabetes and help protect yourself from the long-term health problems it can cause. this small wearable... replaces fingersticks, lowers a1c, and it's covered by medicare. not m

joining me now is treasury secretary scott bessent. he press". let's start right there, with moody's downgrading of the nations credit rating, and they do cite the data. it says, quote, if the 2017 tax cuts and jobs act is extended which is are based case, it will add around $4 trillion to the deficit over the next decade. several republicans mr. secretary, are citing similar concerns. does the president's tax bill need to do more to address the nation's debt and deficit? >> kristen, first of all, i think moody's is a lagging indicator. i think that's what everybody thinks of credit agencies. larry summers and i don't agree on everything but he said that when they downgraded the u.s. in 2011, so, it's a lagging indicator, and just like sean duffy said with our air traffic control system, we didn't get here in the past 100 days, it's the biden administration and the spending that it's seen over the past four years. we inherited 6.7% deficit to gdp, the highest, when we weren't in a recession, not in a war, and we are determined to bring

also at 100, scott bessent will testify how president trump's tariffs and economic en before a committee, the first hearing since his confirmation in january, live on c-span now video app or online at c-span.org. ♪ >> democracy is always an unfinished creation. >> democracy is worth dying for. >> democracy belongs to us all. >> great responsibilities fall once again to the great democracies. >> american democracy is bigger than one person. >> freedom and democracy must be regarded and protected. >> we are at our core a democracy. >> this is a massive victory for democracy and freedom. ♪ >> president trump signed several orders related to health care during a ceremony in the oval office. health and human services director robert f. kennedy, jr., the heads of the institutes of health and fda commissioner also speak during the 20 minute ceremony. >> we have some important signings today, and some important. statements to make about, uh, what we're doing in the world of medicine. with bobby in the group that maybe will will, uh, do something which will be very enlightening. and i think peopl

maria: scott bessent about a week with ago said he would not be surprised to see a multitude of dealsnced this upcoming week. and, of course, the president just announced the u.k. deal last week. should we be looking at that trade arrangement as something of a blueprint, a precedent of how he's dealing with other countries many. >> sure. yeah, it shul is a really -- absolutely is a really exciting blueprint for what we're going to be doing, and howard lutnick has briefed me on about 24 deals he and jamieson have been working on. they all look a little bit like the u.k. deal, but each one is different because different countries have different things they've been doing wrong to us. for example, there was the u.k. auto issue where are there ended up being a quota, and that was something they really cared about. by yielding on that, we got a whole lot for american farmers. we opened up the u.k. for the first time ever for beef farmers, which they really, really love. the basic idea is everybody wants to have a deal, and everybody wants to make a deal soon. you're right, your going to see

eastern time scott bessent with announcing this on the world stage.l supplies and i could not help think of my time in the white house 2020 when obama left that cupboards bear with respirators and all the covid supplies we needed. they put an eye to the shoring up of lineup and scott bessent maybe we bring to -- well done scott, a big breakthrough with president trump at the top. >> harris: last week michelle obama complaining how expensive it was in the white house. and the summerhouse was just listed, $39 million. ♪ ♪ ned's excited for his big date. but he's wondering. what if a flaky plaque throws me off my game? [warp sound] [scratching] ♪ horror music playing ♪ ♪ what if ned knew he could treat differently? ♪ uplifting music playing ♪ otezla is the #1 prescribed pill to treat plaque psoriasis. ned? otezla can help you get clearer skin and reduce itching and flaking. doctors have been prescribing otezla for over a decade. don't use otezla if you're allergic to it. get medical help right away if you have trouble breathing or swallowing, swelling of

now listen, i hope this turns out to be the good deal that scott bessent is telling us it is.'s can't be greatness for the economy. the other things i wanted to mention is with the chinese we useused to have to negotiate des with the soviet union. you have to have as a trigon reagan used to say trust but verify they might write deal up on the piece of paper and sign it but you have to make sure it is in force and they do not cheat. jon: the chinese are not known for truth telling. how do we make them abide by this agreement and how do we get them to stop stealing intellectual property? that is a huge problem for our country and our businesses. >> john, that has to be a central part of the deal in my opinion. we spent hundreds and hundreds and hundreds of billions of dollars developing news pharmaceutical products. our technology industry is top of the world and yet what happens is the chinese basically steal that technology and they produce copycat products. that is something we cannot live with. that has to be central to the deal china is going to have to open up their market

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scott bessent testifying before congress today and tomorrow. can your approach to the hearings over the next few days. rep. hill: great to be with you this morning. secretary bessent comes to the house appropriations committee and house financial services today for the first time as treasury secretary. i think you will see questions about the president's economic policy. he put his policies as the centerpiece of deregulation, rightsizing regulation, making sure american businesses and family some have a big tax increase at the end of the year. using a trade strategy that encourage investment in the united states, foreign direct investment, and more fairness for american products and services abroad. those are subjects of questions in both committees. jonathan: you represent the homestead of walmart. what do they want to hear in the next 24 hours and what is the company saying to you? rep. hill: paul my constituents, including walmart made it clear to president trump and the trade associations who have made it clear to the white house that they

there's no way scott bessent can't do the math. you just did. derek. what do we know now about the trump administration that we didn't know 12 hours ago? >> i mean. >> look, i. >> don't know what scott. >> benson's job is. i know. >> what his job title is. >> i don't know what his job is. >> i mean, fundamentally, if you're the treasury. >> secretary, your. >> job is to steward. >> america's economic policy. >> but america's economic policy is just whatever trump publishes on truth social that has to be reinterpreted by the high priests of the administration around him to make some kind of sense to the business community. but it doesn't make sense. what we're doing doesn't make any sense. you've got a president who is elected, as you so well put it, by an unaffordability election. an election that's all about helping americans just afford the stuff that they need, and not 105 days in this administration. what's he doing? he's rationing pencils and dolls and telling americans exactly how many pencils and dolls they. >> can buy. >> under trump. i mean, th

scott bessent and jamieson greer from the u.s., and the vice premier from china. the people calling the shots back home. president trump and president xi. that makes things complicated. we are not going to get a comprehensive deal from these talks in switzerland over the weekend. the best we can hope for is an agreement to agree in the future and a temporary lowering of tariffs from their current extremely high levels while the talks toward a larger agreement get underway. scarlet: people say this meeting is a small victory. tom orlik in washington, you will be monitoring the headlines and truth social post coming out this weekend. in canada, the un-implement rate climbed to almost 7% marking the --unemployment rate climbed to almost 7%. joining us from toronto is derek declue it. there are tariffs imposed on canada as well. what does this report tell us about the trade war as canada is feeling it? derek: that the tariffs are starting to have an effect. we saw the job losses were pretty broad in areas like manufacturing and wholesale trade, the stuff that is most

scott scott bessent, said something on television last night about explaining tariffs to a girl who might be required to have only two dolls this christmas thanks to donald trump's tariffs. scott benson's answer is one of those parody answers about how to talk to children. it is absurd from start to finish, but as you listen to it, it's worth noting that scott bessent and his husband are the fathers of two young children, both of whom were in the front row of his confirmation hearing. so this is an experienced father talking here. here's how scott bessent tried to repair the damage. his boss, donnie two dolls, has done. >> this reporter. behind me was quite snarky the other day when president trump talked about the girl having two dolls and he said, well, what president didn't take the question, but he said, what would you tell that girl? i said, i would tell that young girl that you will have a better life than your parents, that you and your family, thanks to president. >> trump. >> can now be confident again that you will have a better life than your parents. which working class americ

going for them on the line and here unbelievable scott bessent sent and somebody said scott bessent sent. that's pretty good. going for them and pouring into america now. jobs you've never seen before going for them. going for them on the line and it's on the spot going for them and going for them to have them on the match. going for them and oh, yes i co. breaking them on the line and it's been many years and i said, you know what, it's going to be building the back in the world of arizona and going to spend them going with $100 billion going for them and on the line for india going for them to take care of india and going for the highest line today and highest nations in the world and it's very hard to go and it's the deal for basically going to charge no tariffs. going from the highest tariff. no tariffs going for them and their the highest. laughing stock six months ago. going thee and half and going for them. go going for the relationship. going in for the rip. going for the relationship and really strong. going for them andgoing to make a deal and make a deal. he's going to think t

treasury secretary scott bessent says he'll provide more details on the deal on monday. willie james inman cbs news, the white house. >> newark international airport suffered another disruption sunday morning, the latest in a series of recent radar outages and other failures, leading to delays and cancellations. transportation secretary sean duffy is insisting it's safe to fly from newark, but admits flights there need to be scaled back until corrections can be made. and now duffy is warning that more u.s. airports could face similar disruptions as the busy summer travel season approaches. cbs's shanelle kaul reports from newark liberty airport with the latest. >> anxiety at the airport. a 45 minute ground stop sunday morning at newark liberty international because of a telecommunication issue with a tower in philadelphia. how are you feeling about this? i think. >> it's unacceptable. yes. absolutely unacceptable. >> it's the third incident in recent weeks as the airport battles, ongoing construction, staff shortages and equipment outages. and in atlanta slowed arrivals