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☆ Treasury yields fall amid rising Ukraine-Russia tensions
▼ + stars: | 2024-11-19 | by ( Sawdah Bhaimiya | ) www.cnbc.com time to read: +2 min

One basis point is equal to 0.01% and yields and prices move in opposite directions. ET, the yield on the 10-year Treasury was lower by 5 basis points at 4.365%. U.S. Treasury yields slid on Tuesday as tensions between Ukraine and Russia increased, while investors awaited new data. Bloomberg News also reported, citing RBC Ukraine, that Ukraine hit Russia with U.S.-made missiles for the first time. Yields have soared following the election with traders betting that Trump's pro-business policies and tax cuts will boost economic growth.

Persons: Vladimir Putin, —, Joe Biden, Trump's, Scott Bessent, Howard Lutnick, Trump, Elon Musk Organizations: Treasury, U.S, Bloomberg News, RBC Ukraine, Traders, Wall, US Treasury, ING, Key Square Group Locations: Ukraine, Russia, U.S, Trump's, Washington

☆ Federal jobs are known for their stability. Now they could be in jeopardy as Musk pushes for deep spending cuts.
▼ + stars: | 2024-11-19 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

Tech: We're in the middle of a white-collar recession, and tech workers are shouldering much of it . We're in the middle of a white-collar recession, and tech workers . AdvertisementElon Musk's government efficiency commission has been tasked with cutting government spending, raising questions about the future of millions of jobs. Tech jobs are mired in a recession. White collar hiring is in a huge slump, and tech workers are some of the hardest hit .

Persons: Trump hasn't, Tesla, Chelsea Jia Feng, Madison Hoff, Vivek Ramaswamy, Musk, Alice Tecotzky, John L, Dorman, Allison Robbert, Scott Bessent, Cantor Fitzgerald, Howard Lutnick, Marc Rowan, Kevin Warsh, Trump, Goldman Sachs, Morgan Stanley, Natalie Ammari, Uber, Verily, —, Rebecca Zisser, Elon Musk, Bluesky —, Jake Paul's, Netflix's Jake Paul, Mike Tyson, wasn't, Donald Trump's, Satya Nadella, Dan DeFrancesco, Grace Lett, Ella Hopkins, Hallam Bullock, Amanda Yen, Milan Sehmbi Organizations: Business, Google, Trump, Tech, Getty, Elon, Department of Education, Veterans Affairs, Department of Government, Social Security, Medicare, Twitter, Getty Government, Allison, Treasury, BCA Research, Goldman, BI, LinkedIn, Microsoft, China Economic, Security, Walmart Locations: Washington , DC, China, Brazilian, New York, Chicago, London

WASHINGTON — The House Ethics Committee plans to meet Wednesday to discuss its report into former GOP Rep. Matt Gaetz, President-elect Donald Trump’s pick for attorney general, a source familiar with the meeting confirmed on Monday. But the committee lost jurisdiction over Gaetz when he resigned from the House on Thursday and has not released any public report on its probe. On Friday, an attorney said that his client testified privately before the Ethics Committee that she personally witnessed Gaetz have sex with a minor. The House Ethics panel had been scheduled to discuss the report at its regular Friday meeting but it was postponed after Gaetz resigned. Appearing on NBC's "Meet the Press" on Sunday, Sen. Markwayne Mullin, R-Okla., said senators should "absolutely" have access to the House report.

Persons: WASHINGTON, Matt Gaetz, Donald Trump’s, Gaetz, Mike Johnson, Bill Boner, Buz Lukens, ” Johnson, Sen, Markwayne Mullin, Mullin, Trump's Organizations: GOP, CNN, Trump, Madison Locations: Ohio, “ State, Washington, Mar, Florida

☆ Former Australian radio host Alan Jones arrested for alleged indecent assaults
▼ + stars: | 2024-11-18 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +2 min

Police in Australia charged former radio show host Alan Jones with 24 assault and sexual touching offences on Monday, indictments that followed accusations in a newspaper that Jones had assaulted young men for decades. Police allege the offences took place between 2001 and 2019 against 8 victims, some of whom Jones knew professionally or personally. He denied the assault allegations made against him last year by the Sydney Morning Herald newspaper. Jones had hosted radio shows for decades and anchored the popular Sydney breakfast show on radio station 2GB for about 18 years until 2020. After leaving 2GB, he worked at a digital start-up, but had been off the air since the Sydney Morning Herald allegations were made.

Persons: Alan Jones, Jones, Michael Fitzgerald, Scott Morrison, Jacinda Organizations: Police, New South Wales police, Reuters, Sydney Morning Herald, . Police, New Zealand, Wallabies national rugby union Locations: Australia, Sydney, New South Wales, New, Britain, Ireland

☆ Watch: Robot innovation on this tiny island could reinvent wasteful supply chains
▼ + stars: | 2024-11-18 | by ( Edward Scott-Clarke | Ed Scott-Clarke | ) edition.cnn.com time to read: 1 min

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☆ Watch Monday's full episode of the Halftime Report — November 18, 2024
▼ + stars: | 2024-11-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch Monday's full episode of the Halftime Report — November 18, 2024"Fast Money Halftime Report" is on the front lines of CNBC's market coverage. Host CNBC's Scott Wapner and the Street's top investors get to the heart of the action as it's happening and help set the agenda for the rest of the day. Watch today's full episode on CNBC PRO.

Persons: CNBC's Scott Wapner Organizations: CNBC PRO

☆ Georgia appeals court cancels arguments in Trump election case until further notice
▼ + stars: | 2024-11-18 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

A Georgia appeals court on Monday canceled until further notice oral arguments on an effort by President-elect Donald Trump and other co-defendants to remove Fulton County District Attorney Fani Willis from the criminal election interference prosecution against them. The Georgia Court of Appeals acted on its own in canceling the arguments scheduled for Dec. 5. Trump and other defendants had appealed that ruling, and the Court of Appeals in June halted proceedings in the case pending the outcome of that effort. Circuit Court of Appeals to suspend proceedings in that case, citing Trump's election victory. That federal appeals court granted Smith's request.

Persons: Donald Trump, Fani Willis, Trump, Joe Biden, Scott McAfee, Willis, Jack Smith, Aileen Cannon, Smith Organizations: Republicans, Hyatt, Georgia, Trump, Republican, Appeals, U.S . Department of Justice, Washington , D.C, Biden's, White, U.S, Circuit Locations: Washington , DC, Georgia, Fulton County, Atlanta, York, Manhattan, Washington ,, Florida, U.S

☆ Dollar sitting pretty, yen bears wary of Bank of Japan hawks
▼ + stars: | 2024-11-18 | by ( ) www.cnbc.com time to read: +3 min

Yen bears were tense in case Bank of Japan Governor Kazuo Ueda used a speech later Monday to flag a possible rate hike in December, in part due to the weakness of the currency. Markets imply around a 55% chance of a quarter-point rate hike to 0.5% when the BOJ meets on Dec. 19. Against a basket of currencies the dollar held at 106.730, having touched a one-year top of 107.07 on Friday. The rally has coincided with a savage swing in 10-year Treasury yields, which have climbed 70 basis points since the start of October, fuelling a 5.4% rise in the U.S. dollar index . Analysts generally assume Trump's touted policies of tariffs, reduced immigration and debt-funded tax cuts will be inflationary, so limiting the scope for further rate cuts by the Federal Reserve.

Persons: Kazuo Ueda, Ueda, Donald Trump's, Katsunobu Kato, Jonas Goltermann, Trump, Howard Lutnick, Cantor Fitzgerald, Scott Bessent Organizations: Bank of Japan, U.S, Japanese Finance, Capital Economics, Trump, Federal Reserve, Central Bankers Locations: U.S, Japan, Canada

Rowan and Warsh shake up Treasury raceFew of the unfilled positions in Donald Trump’s cabinet are as important as Treasury secretary. Allies of two candidates, Howard Lutnick, the transition co-chair, and Scott Bessent, a top economic adviser, publicly stumped for them this weekend. Musk threw his support behind Lutnick over the weekend, calling Bessent “business as usual,” an especially cutting criticism in the Trump camp. Loeb backed Bessent, arguing that choosing Lutnick might rattle investors, including in the $28 trillion market for Treasury bonds and notes. That said, Bessent is also being floated for positions such as chair of the White House’s National Economic Council.

Persons: Rowan, Warsh, Donald Trump’s, cloudier, Howard Lutnick, Scott Bessent, Marc Rowan, Kevin Warsh, Elon Musk, Dan Loeb, Musk, Bessent, Trump, Loeb Organizations: Times, Apollo Global Management, Fed, Treasury, White, Economic Council

☆ Trump's Treasury Secretary: The best commentary about who the president-elect should nominate
▼ + stars: | 2024-11-18 | by ( Chris Johnston | ) www.businessinsider.com time to read: +6 min

After announcing a swathe of names for his Cabinet, president-elect Donald Trump appears to be conducting auditions for his Treasury Secretary. AdvertisementHere's some of the best commentary we've seen about the race to be the next Treasury Secretary. Blowups somewhere are inevitable, and a Treasury secretary needs the experience to deal with the fallout in a way that reassures markets. There could now be a contest for Treasury Secretary where … the no1 job is reassuring the markets. In return he might be rewarded with the job of treasury secretary.

Persons: Donald Trump, Scott Bessent, Howard Lutnick, Marc Rowan, Kevin Warsh, Cantor Fitzgerald, Trump, Rowan, Apollo, Jay Powell, Warsh, Powell, hasn't, Kyle Bass, Mike Allen, You've, Ian Bremmer, Marco Rubio, Mike Waltz, Biden, Mr Lutnick, Mr Trump, … Mr Lutnick, …, Mr Lutnick's, John Thune, Jeff Stein Organizations: Key Square Capital Management, Apollo Global Management, Federal Reserve, New York Times, The Times, Times, Hayman Capital Management, X, Trump's, Treasury, CNBC, Trump, Fed, White, National Economic Council, Eurasia Group, Bloomberg, The, The Washington Post Locations: X U.S, Eurasia, Washington, United States, The Washington

☆ Meet the top 4 candidates Trump is considering for Secretary of the Treasury
▼ + stars: | 2024-11-18 | by ( Matthew Loh | ) www.businessinsider.com time to read: +8 min

AdvertisementLast week, Trump was said to be deciding between two leading candidates for Treasury Secretary. Here are the top picks Trump is reportedly now considering for Secretary of the Treasury. Kevin WarshKevin Warsh, center, is rising as one of the candidates for Trump's Treasury Secretary. AdvertisementMarc RowanMarc Rowan isn't said to be actively lobbying for Treasury Secretary, but his aides have reportedly been in touch with the Trump administration. Drew Angerer/Getty ImagesBessent, 62, was one of the original frontrunners for Trump's Treasury Secretary.

Persons: Trump, Kevin Warsh, Marc Rowan, Donald Trump, Robert F, Kennedy Jr, Florida Sen, Marco Rubio, Janet Yellen, he's, it's, Kevin Warsh Kevin Warsh, Tasos Katopodis, Warsh, Morgan Stanley, George W . Bush, Axios, Jerome Powell, Marc Rowan Marc Rowan isn't, PETER, Getty Images Rowan, Rowan, Rowan isn't, Howard Lutnick Howard Lutnick, ANGELA WEISS, Cantor Fitzgerald, Lutnick, Linda McMahon, He's, Vance, Elon Musk, Musk, Scott Bessent Scott Bessent, Drew Angerer, Bessent, George Soros, Soros, Breitbart, Kamala Harris, Joe Biden's, MAGA Organizations: Treasury, White, Department of Health, Human Services, State Department, Trump, Street, New York Times, Trump's, Federal Reserve Board, Getty Images, Apollo Global Management, Apollo, Times, Bloomberg, Madison, Garden, AFP Lutnick, WWE, Hamptons, Apple, World Trade, Key, Capital Management, Reuters Locations: Florida, America, Lago

☆ The battle over Trump's Treasury secretary is adding to the market's problems
▼ + stars: | 2024-11-18 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

President-elect Donald Trump's flurry of announcements regarding Cabinet nominees has left investors with one unexpected headache: a suddenly cloudy picture of who will take the all-important position of Treasury secretary. One somewhat new name to emerge into the Treasury conversation is former Fed governor Kevin Warsh. However, the Wall Street Journal reported Sunday that Warsh also has emerged as potential Treasury contender. Yields took another leg higher on Monday amid the Treasury uncertainty. However, Fundstrat research chief Tom Lee said that once the Treasury nominee issue is settled, that should restore some market confidence.

Persons: Donald Trump's, Trump, Scott Bessent, Sen, Bill Haggerty, Howard Lutnick, Elon Musk, Powell, Stocks, Kevin Warsh, Jerome Powell, Warsh, Evercore, Tom Lee, Lee Organizations: Key Square Group, Federal Reserve, Treasury, Trump Trade, Trump, Wall Street

☆ Alan Jones: Australia police charge former radio show host with assault
▼ + stars: | 2024-11-18 | by ( Story Reuters | ) edition.cnn.com time to read: +1 min

Sydney, Australia Reuters —Australian police on Monday charged former radio show host Alan Jones with 24 assault and sexual touching offenses, indictments that followed accusations in a newspaper that Jones had assaulted young men for decades. Police allege the offenses took place between 2001 and 2019 against 8 victims, some of whom Jones knew professionally or personally. He denied the assault allegations made against him last year by the Sydney Morning Herald newspaper. A well-known conservative “shock jock,” listeners knew Jones for his sharp questions and equally sharp tongue. After leaving 2GB, he worked at a digital start-up, but had been off the air since the Sydney Morning Herald allegations were made.

Persons: Alan Jones, Jones, Michael Fitzgerald, Scott Morrison, Jacinda Organizations: Australia Reuters — Australian, Police, New South Wales police, Reuters, Sydney Morning Herald, . Police, New Zealand Locations: Sydney, Australia, New South Wales, New

☆ Grocery prices are high. Trump’s mass deportations could make matters worse
▼ + stars: | 2024-11-18 | by ( Matt Egan | Maya Blackstone | ) edition.cnn.com time to read: +9 min

Soon, Trump’s ability to fix America’s affordability crisis will collide head-on with another, perhaps more prominent, campaign trail promise: Mass deportations. And perhaps no industry relies on undocumented workers more than the food and agriculture industries. “The only question is how high prices will go.”Zandi noted that food prices could also be pushed higher by another element of the Trump agenda: Massive tariffs. The Trump transition team did not respond to a request for comment about how mass deportations would impact food prices. The current immigration system does not allow for green cards for farm workers.

Persons: Donald Trump, Trump, you’re, ”, Chuck Conner, don’t, Conner, Fred Leitz, Leitz, Mark Zandi, “, ” Zandi, Trump’s, It’s, Rick Naerebout, that’s, Biden, Scott Bessent, ” Bessent, Axios, Trump “, David Paul Morris, Zeke Hernandez, “ It’s, Hernandez, Chloe East, Letiz, Naerebout, “ aren’t, ” Robert Lynch, Lynch, —, ” Naerebout Organizations: New, New York CNN, CNN, National Council of Farmer Cooperatives, US Department of Agriculture, Center for American Progress, Moody’s, Trump, United, Idaho Dairymen’s Association, Wall, Bloomberg, Getty, Wharton School, University of Pennsylvania, Immigration, University of Colorado Denver, The Hamilton, Brookings Institution, Washington College, American Locations: New York, United States, Michigan, Idaho, San Francisco, Brookings, Maryland

CNN —President-elect Donald Trump’s defense secretary pick, Pete Hegseth, paid a woman who accused him of sexual assault in a settlement agreement that included a confidentiality clause, according to Hegseth’s attorney. Attorney Timothy Parlatore said Hegseth denies assaulting the woman and has characterized the October 2017 incident in Monterey, California as a “consensual sexual encounter.”Monterey city officials last week confirmed that local police had investigated “an alleged sexual assault” involving Hegseth. The woman, whom CNN is not naming because she is an alleged victim of sexual assault, did not respond to subsequent requests to be interviewed. Hegseth was a speaker at a conference held by the California Federation of Republican Women at a hotel during the timeframe when the alleged assault took place. Trump’s announcement was swiftly followed by news of the alleged sexual assault, catching the president-elect’s transition team off guard, CNN reported Friday.

Persons: Donald Trump’s, Pete Hegseth, Timothy Parlatore, Hegseth, “, Parlatore, – “ contusions, Trump, ”, ” Steven Cheung, CNN’s Kyung Lah, Scott Glover Organizations: CNN, Fox News, Washington Post, Hyatt Regency Monterey, California Federation of Republican Women, Hegseth, Pentagon, United, Defense Locations: Monterey , California, Monterey, Hyatt Regency Monterey Hotel, Spa, Monterey City

☆ Small businesses are hurting at the worst possible time
▼ + stars: | 2024-11-17 | by ( Bryan Mena | ) edition.cnn.com time to read: +6 min

That’s because small businesses typically having tighter profit margins compared to behemoths like Walmart and Amazon, so they feel the sting of rising costs more acutely. The Small Business Index shows that 8 in 10 small retail businesses rely on holiday sales to meet their annual profit goals. If only it were that simple for small businesses. John Waldmann, chief executive of Homebase, a payroll software provider for more than 100,000 small businesses, said Enjou Chocolat’s dilemma is something he hears all the time. “Small businesses are really reticent to increase prices, so when they do, it’s because they have to,” Waldmann said.

Persons: Washington CNN — Enjou, Mark Chinsky, “, ‘ that’s, you’ve, ” Chinsky, that, Donald Trump, Kamala Harris, we’re, ”, Thomas Barkin, “ Price, Joe Raedle, John Waldmann, Enjou, ” Waldmann, “ They’re, Scott Olson, there’s, Sarah Jordan, ” There’s, Bill Dunkelberg Organizations: Washington CNN, CNN, National Federation of Independent Business, Walmart, ” Richmond Fed, Target, “, Board, Wrigley Field Locations: Morristown , New Jersey, America, Miami, Chicago

☆ Former Missouri police officer Julian Alcala accused of stealing nude photo’s from women’s phones
▼ + stars: | 2024-11-17 | by ( Zoe Sottile | ) edition.cnn.com time to read: +8 min

Images of the nude photos were found on the men’s phones and on Alcala’s iCloud account, according to the indictments. While the indictments don’t specify how the men came under suspicion, the attorney for one of Alcala’s alleged victims has said she reported an incident to the FBI, and one of McKnight’s alleged victims has said she reported him to his supervisor. Seven of the counts specify he took photographs of nude images he found on the victims’ phones, which were found on McKnight’s cell phone. In two of the incidents, McKnight took the alleged victims’ phones after arresting them, the indictment says. One of the former state trooper’s alleged victims described her experience as “really violating” in an interview with KFVS.

Persons: CNN —, Julian Alcala, St . Louis, David McKnight, Louis, McKnight, Alcala’s, McKnight’s, Alcala, Pleban, Scott Rosenblum, Alcala “, ”, Alcala ”, “, Bevis Schock, ” Alcala, Florissant, ’ McKnight, ” McKnight, KFVS, Emily Northern, ” Northern, I’ve Organizations: CNN, Patrol, FBI, Alcala, J.C, KSDK, Florissant, Highway Patrol, Florissant Police, Missouri, KFVS, “ Employees Locations: Missouri, Florissant, St ., Missouri’s Cape Girardeau, St, New Madrid, Scott

☆ 2024 NFL Week 11: Sunday’s standout games and what to look out for
▼ + stars: | 2024-11-17 | by ( Ben Morse | ) edition.cnn.com time to read: +10 min

CNN —Week 11 of the 2024 NFL season is here and the race for the playoff spots are beginning to heat up. ETIn any other week, a clash between two seven-win AFC North division rivals would be the standout match-up. But for us, it’s just a Week 11 for us.”Allen has won his last three regular season clashes against the Chiefs. Burrow and the offense haven’t struggled to score points this season but have had issues converting those points into wins. Sean M. Haffey/Getty ImagesFull Week 11 Sunday scheduleAway @ homeGreen Bay Packers (6-3) vs. Chicago Bears (4-5) – 1:00 p.m.

Persons: Lamar Jackson, Jackson, Derrick Henry –, Saquon Barkley, Terrance Williams, Mike Tomlin, Justin Fields, Russell Wilson, Wilson, ” Wilson, “ We’ve, Scott Taetsch, Patrick Mahomes, Josh Allen, Allen, “ You’re, ” Mahomes, “, I’ve, Josh, ”, Mahomes, Charlie Riedel, It’s, Greg Rousseau, A.J, Sean McDermott’s, they’ve, Kingsley Suamataia, Wanya Morris, Allen isn’t, we’ve, it’s, ” Allen, Andy Lyons, Joe Burrow . Burrow, hasn’t, Jim Harbaugh, – Tuli, Daiyan Henley –, Harbaugh, Jesse Minter, he’s, “ Ja’Marr Chase, Joe Burrow …, ” Minter, “ Burrow, that’s, Joe, Justin Herbert, Herbert, Sean M Organizations: CNN, Philadelphia Eagles, NFC East, Washington, Arizona Cardinals, Carolina Panthers, New York Giants, Tampa Bay Buccaneers, Baltimore Ravens, Pittsburgh Steelers, AFC North, Kansas City Chiefs, Buffalo Bills, Ravens, Acrisure, Cincinnati Bengals, NFL, AP, Steelers, Raiders, Jets, Giants, Pittsburgh, AFC, Bills, Chiefs, AFC Divisional, Denver Broncos, Kansas City, Sunday, New England Patriots, Green Bay Packers, Getty Images Cincinnati Bengals, Los Angeles Chargers, Bengals, Cincinnati, Chargers, Henley, LA, Chicago Bears, Jacksonville Jaguars, Detroit Lions, Vegas Raiders, Miami Dolphins, Los Angeles Rams, Cleveland Browns, New, New Orleans Saints, Minnesota Vikings, Tennessee Titans, Indianapolis Colts, New York Jets, Atlanta Falcons, Seattle Seahawks, San Francisco 49ers Locations: Pennsylvania, NFL.com’s, Pittsburgh, Buffalo, Los Angeles, New Orleans

☆ NFL Week 11 top storylines: Chiefs-Bills, Ravens-Steelers and can Bears get right vs. Packers?
▼ + stars: | 2024-11-17 | by ( Mike Jones | ) www.nytimes.com time to read: +12 min

Mahomes vs. Allen, Round 8The NFL schedulers probably should have made this the Sunday night contest. The Bears rank seventh against the pass, have allowed only 18.6 points per game (seventh-best) and have 16 takeaways (also seventh). Foes do find it hard to run on Baltimore, which gives up an NFL-low 73.0 rushing yards per game. They are holding opponents to a league-best 13.1 points per game, and haven’t allowed more than 20 points in any game this season. So this matchup will be a good measuring stick for the Chargers’ defense, while proving whether Herbert and company can win in a shootout if necessary.

Persons: Justin Herbert, Joe Burrow, Allen, Patrick Mahomes, Josh Allen, Tyler, Mahomes, Travis Kelce, Kadarius Toney, Toney, Isiah Pacheco, Allen’s, Caleb Williams, Mike Dinovo, Matt Eberflus, Shane Waldron, Thomas Brown, Brown, William, Greenberg, Green, Williams, Jordan Love, Deshaun Watson, Mike Tomlin, Russell Wilson, Justin Fields, Arthur Smith, Fields, Wilson, Russ, Lamar Jackson, Flowers, Derrick Henry, Kyle Shanahan, Christian McCaffrey, Rust, McCaffrey, Mike Macdonald, Scott Galvin, Bo Nix, Jim Harbaugh’s, They’re, haven’t, Jim Harbaugh, they’re, Herbert, They’ve, Justin Casterline Organizations: NFL, Philadelphia, Eagles, NFC, Sunday, NFC North, Chicago, Green, AFC, Pittsburgh Steelers, Baltimore Ravens, San Francisco 49ers, Seattle Seahawks, Bills, Chiefs, Broncos, Atlanta Falcons, Chargers, Cincinnati Bengals, Kansas, Allen’s Bills, Bears, Chicago Bears, Packers, Detroit, AFC North, Ravens, Browns, Pittsburgh, Steelers, Washington, 49ers, Super, Tampa Bay Buccaneers, NFC West, Seattle, Cardinals, Seahawks, Thompson, AFC West, Los Angeles Chargers, Kansas City, Cincinnati, Bengals Locations: Washington, City, Windy City, Buffalo, Denver, Kansas City, Kansas, Carolina, Baltimore, Pittsburgh, Arizona, Francisco, Seattle

But many Republicans and Gaetz allies have touted his aggressive style as an essential attribute for an attorney general. The president-elect filled some of those spots Thursday evening, appointing a series of his own personal lawyers to run key sections of the Justice Department. Trump also announced his selection of Emile Bove, another member of his criminal defense team, to be principal associate attorney general. Now, while some of his colleagues in Congress expressed skepticism of his pick as attorney general, they said they are prepared for a detailed confirmation process. As attorney general, Gaetz would be in control of the FBI investigative files that detail the evidence the bureau uncovered.

Persons: Donald Trump, Matt Gaetz, Trump, Gaetz, there’s, John Morgan, doubters, Morgan, ” Morgan, “, General Merrick Garland, Joe Biden, Todd Blanche, Emile Bove, ”, AnchorsGordon didn’t, Lawrence “ Larry ” Keefe, Keefe, Ron DeSantis, Feedback Sen, Klobuchar, —, Michael Cohen, Sen, Rick Scott, ” Gaetz, Hunter, Hank Johnson, Kevin McCarthy, Liz Cheney, Gaetz didn’t, South Carolina Sen, Lindsey Graham, Bill Barr, Joel Greenberg, CNN’s Kristen Holmes Organizations: CNN, Justice Department, Trump, Florida Republican, Prosecutors, Federal Bureau of Investigation, Alcohol, Tobacco, Firearms, Explosives, Drug Enforcement Administration, Democrats, Capitol, Senate, Panhandle Republican, Truman, Florida State University, & Mary Law School, AnchorsGordon, Florida Panhandle, Partners, Florida, Northern, Northern District of Florida, Vineyard, Tallahassee statehouse, Republican, Florida Bar, Florida Republicans, Washington Elected, White, Republican Party, House Republican, Union, House Intelligence, Democratic, Judiciary Committee, FBI, South, Garland’s Justice Department Locations: Congress, United States, Trump’s, Florida, Gaetz, Manhattan, Northern District, Texas, Tallahassee, Washington, Wyoming, South Carolina

WASHINGTON — President-elect Donald Trump’s consistent campaign pledge to impose sweeping tariffs on products imported into the U.S. is likely to face stiff challenges in court and potentially pushback from Congress. There are potential legal limits to Trump’s authority, even though he has said he would unilaterally impose the increases. But a broad array of tariffs on allies “could cross the line,” especially as the Supreme Court has taken a generally pro-business stance in recent years, he added. During the Biden administration, the Supreme Court embraced a theory called the “major questions doctrine.” Biden’s ambitious plan to wipe out billions of dollars in student debt was one of the proposals the Supreme Court faulted. The Supreme Court declined to take up the issue.

Persons: Donald Trump’s, Trump, he’s, Joe Biden, ”, Alan Morrison, “, ” Morrison, ‘, ” Trump, Ed Brzytwa, Brzytwa, Sen, Rand Paul, Rick Scott, ” Scott, Petros Mavroidis, ’, Jennifer Hillman, Hillman, Biden, Matt Priest, “ We’ll, ” Priest Organizations: WASHINGTON, China . Industry, George Washington University Law School, Chicago Economic Club, National Bureau of Economic Research, Federal Reserve Board, Consumer Technology Association, “ Consumers, CTA, Fox News, Sunday, Republicans, Columbia Law School, Georgetown Law Center, of International Trade, Trump, Appeals, Federal Circuit, Supreme, Federal Communications, Federal Energy Administration, Footwear Distributors, Retailers of America Locations: U.S, Congress, China, United States, Ky, Canada

☆ Defense tech companies like Anduril hope Trump can streamline military contracts
▼ + stars: | 2024-11-16 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +4 min

Others in the defense industry are less optimistic. Tech billionaire Palmer Luckey's bet on the defense industry is paying off at Anduril, the drone-making company he founded. AdvertisementSacknoff said that procurement reform in the defense industry is not a new concept and that the Defense Department is always restructuring its contracting process. Richard Aboulafia, managing director at AeroDynamic Advisory, a consulting firm, said that reforming the defense industry will take time. AdvertisementSacknoff said the military defense business is always looking for a "counter" to the newest technology and that the growth of autonomous drones would likely bring more innovations to stop them.

Persons: Palmer Luckey, Anduril, Palmer Luckey's, Donald Trump's, Brian Schrimf, Schrimpf, Scott Sacknoff, Sacknoff, Richard Aboulafia, Abaulafia, DefenseScoop, Tesla, Eric Schmidt, Schmidt Organizations: Tech, Yahoo, Spade, Defense Department, Teledyne, Defense, Google Locations: Anduril, United States, Saudi Arabia

☆ Elon Musk throws his weight behind Howard Lutnick over Scott Bessent for Treasury secretary
▼ + stars: | 2024-11-16 | by ( John L. Dorman | ) www.businessinsider.com time to read: +2 min

Musk wrote on X that Cantor Fitzgerald chief executive Howard Lutnick would "actually enact change." Lutnick and Key Square Group founder Scott Bessent are leading contenders for the role. Elon Musk on Saturday said that Cantor Fitzgerald CEO Howard Lutnick would "actually enact change" should he be tapped as President-elect Donald Trump's Treasury secretary. Advertisement"My view fwiw is that Bessent is a business-as-usual choice, whereas @howardlutnick will actually enact change," Musk wrote. My view fwiw is that Bessent is a business-as-usual choice, whereas @howardlutnick will actually enact change.

Persons: Elon Musk, Musk, Cantor Fitzgerald, Howard Lutnick, Scott Bessent, Donald Trump's, Trump, Bessent, Republican Sen, Lindsey Graham of, Semafor, Graham, igGLZOJ8wz — Elon Organizations: Elon, Key Square, Group, Republican, Street Journal Locations: Lindsey Graham of South Carolina, South Carolina

☆ Elon Musk endorses Trump's transition co-chair Howard Lutnick for Treasury secretary
▼ + stars: | 2024-11-16 | by ( Celia Fernandez | ) www.cnbc.com time to read: +1 min

Elon Musk at the tenth Breakthrough Prize ceremony held at the Academy Museum of Motion Pictures on April 13, 2024 in Los Angeles, California. On Saturday, Elon Musk shared who he is endorsing for Treasury secretary on X, a cabinet position President-elect Donald Trump has yet to announce his preference to fill. Musk wrote that Howard Lutnick, Trump-Vance transition co-chair and CEO and chairman of Cantor Fitzgerald, BGC Group and Newmark Group chairman, will "actually enact change." Lutnick and Key Square Group founder and CEO Scott Bessent are reportedly top picks to run the Treasury Department. Musk, CEO of Tesla and SpaceX, also included his thoughts on Bessent in his post on X.

Persons: Elon Musk, Donald Trump, Musk, Howard Lutnick, Vance, Cantor Fitzgerald, Scott Bessent Organizations: Academy Museum of Motion Pictures, Trump, Newmark Group, Key Square Group, Treasury Department . Musk, SpaceX Locations: Los Angeles , California

We had no income tax, and all we had was tariffs.”That’s why some Wall Street titans are trying to push for Bessent. Kyle Bass, a billionaire hedge fund investor at Hayman Capital Management, said Lutnick doesn’t have the composition to lead the Treasury. “Scott Bessent is eminently more qualified than Howard Lutnick to run the U.S. Treasury,” Bass posted on X Wednesday. A full week after appearing to decide on nominating Bessent, Trump interviewed him again at Mar-a-Lago. A key Cabinet player, the Treasury secretary advises the president on economic and fiscal matters, including spending and taxes.

Persons: Donald Trump, Elon Musk, Trump, Howard Lutnick, Cantor Fitzgerald, Scott Bessent, ” Musk, —, Bessent, ”, Kyle Bass, Lutnick doesn’t, “ Scott Bessent, ” Bass, “ Scott, I’ve, Bass, Dan Loeb, Scott Lincicome, Lutnick, “, Cheney, Lutnick —, Dick Cheney’s, George W, Tennessee Sen, Bill Hagerty, Larry Kudlow, Kudlow, Steven Mnuchin, Mnuchin Organizations: CNN, Trump, “, Wall, Fox News, titans, Hayman Capital Management, Treasury, U.S . Treasury, Cato Institute, Federal Reserve, Peterson Institute for International Economics, National Economic Council, America, Policy Institute, Fox Business, Bessent, Mar, Republicans, Treasury Department Locations: America, United States

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