The Latest Breaking News from Scott Bessent

By installing Stephen Miran and eyeing more allies, Trump is positioning the central bank for aggressive rate cuts and a sharp break from its tradition of independence.

“This is highly unfortunate,” the text said. “Soy prices are dropping further because of it. This gives China more leverage on us.”

Treasury Secretary Scott Bessent on Thursday praised President Donald Trump as "solution-driven" and said the president was right to call out the United Nations' shortcomings on immigration, energy and the economy.

China will reportedly buy at least 10 cargoes of Argentine soybeans, further jeopardizing the U.S. export market, even as Argentina gobbles up Trump support.

The Treasury Secretary looks at New York and sees a replay of the 1970s. He looks at Trump’s ally in Argentina and sees someone in need of rescue.

Plus: Robert Munsch chooses Canadian healthcare, Argentina in trouble, ignoring Greta, and more...

Bessent seemed determined to drive his warning home: “You can’t enact policies like this and expect to be bailed out.”

December S&P 500 E-Mini futures (ESZ25) are down -0.06%, and December Nasdaq 100 E-Mini futures (NQZ25) are down -0.12% this morning as investors await a fresh batch of U.S. economic data, remarks from Federal Reserve officials, and an earnings report from bulk retailer Costco.

South Korean President Lee Jae Myung is pushing back on the terms of a proposed $350 billion trade and investment deal with the United States, which it had initially agreed to with President Donald Trump in July, saying that any agreement must be “commercially rational” and reflect the interests of…