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The Latest Breaking News from Scott Bessent

US Futures Gain Ahead of Fed Rate Cut, Megacap Tech Earnings, and Trump-Xi Meeting

US stock futures climbed on Monday morning as markets anticipate a Fed rate cut, strong Q3 earnings from top AI firms, and a potential US-China trade breakthrough this week.

International Business Times UK

What to know about Trump's finalists to replace Powell as Fed chair

Treasury Secretary Scott Bessent said he expects a selection to be made before year's end.

Axios

Milei's Landslide Election Victory Sends Argentina Stocks Soaring: 5 Names To Watch

Javier Milei‘s unexpected landslide in Argentina's midterm elections is electrifying the country’s assets, with stocks and bonds surging in a show of confidence rarely seen among emerging market investors.

Benzinga

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read the most diverse news in one place.

Colombian President Gustavo Petro Slams U.S. Drug-Related Sanctions as 'A Complete Paradox'

The U.S. imposed sanctions on Colombian President Gustavo Petro, accusing him of allowing narco-terrorist organizations to thrive under his "total peace" plan, which Washington says has fueled a rise in cocaine production across Colombia.

Latin Times

Scott Bessent Fires Back At Bob Elliott's Claim That Tariffs 'Offset' Rent Relief, Says Critics 'Don't Get To Cherry-Pick' Inflation

A new analysis from economist Bob Elliott warns that a “surge in tariff related price hikes” is keeping inflation “stuck above 3%,” effectively wiping out any disinflationary relief consumers were seeing from falling rents.

Benzinga

Scott Bessent Warns Military Pay At Risk By Mid November Amid Shutdown: 'What An Embarrassment'

Treasury Secretary Scott Bessent accused Democratic leaders of causing the ongoing government shutdown and condemned the Democratic-led boycott for harming both the economy and military personnel.

Benzinga

Inside President Trump's Explosive TikTok Deal with China — What Xi Jinping Agreed to in Korea

President Trump and Xi Jinping to finalise TikTok's US-China sale in Korea, ending months of trade tension and reshaping global tech relations.

International Business Times UK

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This week: Senate to weigh in on tariffs, shutdown pay for air traffic controllers - Roll Call

The Senate this week is expected to vote on disapproval resolutions related to Trump's tariffs, in addition to votes related to the shutdown.

Roll Call

Trump 'Inherited This Terrible Affordability Crisis' From Biden, Says Scott Bessent: Says 'Overall' Inflation Has Come Down

U.S. Treasury Secretary Scott Bessent defended the Trump administration’s handling of inflation and the affordability crisis, which he said was inherited from the previous administration led by President Joe Biden.

Benzinga

Trump news at a glance: administration accused of attack on free speech after British journalist detained

Homeland security said Hamdi’s visa had been revoked amid claims the move was apparent retaliation for his criticism of Israel. Key US politics stories from Sunday 26 October at a glance

The Guardian - US

US and China agree ‘framework’ for trade deal ahead of Xi-Trump meeting

US treasury secretary anticipates tariff truce with China will be extended, and that China will revive substantial purchases of US soybeans

The Guardian - UK

Bessent calls anti-tariff Reagan ad 'psy-ops' and says the U.S. rescue of Argentina still counts as 'America first' because it helps an ally

"This is a kind of propaganda against U.S. citizens. It's psy-ops."

Fortune

Trump greets trick-or-treaters at White House Halloween event as Vance warns of air travel ‘disaster’ amid shutdown: Live updates

Trump and his senior administration officials have said they will not negotiate with Democrats on policy issues until the government is reopened

The Independent UK

US and China To Pause 100 Percent Tariffs and Rare Earth Export Controls

In a major breakthrough, top economic officials from the U.S. and China have drafted a trade deal, which is expected to be finalized by President Donald Trump and Chinese President Xi Jinping.

Benzinga

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The Guardian - US

US and China reach ‘final deal’ on TikTok sale, treasury secretary says

Scott Bessent said plan was part of framework for trade deal but did not share details on transferring app’s ownership

Fortune

China will make ‘substantial’ purchases of U.S. soybeans and should avoid an extra 100% tariff, says Bessent—who reveals he’s also a farmer

“So I would expect that the threat of the 100% has gone away, as has the threat of the immediate imposition of the Chinese initiating a worldwide export control regime.”

Tom’s Hardware

US–China reach trade framework that could avert 100% tariffs and pause rare-earth curbs — development comes as Trump and Xi prepare to meet this week

US and Chinese trade negotiators say they’ve reached a framework agreement that, if approved by both governments this week, would roll back proposed 100% tariffs on Chinese imports and pause Beijing’s escalating export restrictions on rare-earth materials.

Axios

Farm owner Bessent on soybean crisis: "I have felt this pain too"

The Treasury secretary, worth more than $500 million, says the trade war is hurting his own bottom line.

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Axios

U.S. will not lose money on Argentina bailout, Bessent promises

Since the U.S. intervened, the peso has fallen to record lows, despite the unprecedented support.

Axios

Bessent says "framework" deal with China will avoid 100% tariff increase

The news will likely come as a huge relief to both businesses and financial markets.

Benzinga

Treasury Secretary Scott Bessent Slams Trump Tariffs Critics As S&P 500 Rallies 20% Since April Announcement: 'They've Just Been Wrong'

U.S. Treasury Secretary Scott Bessent defending President Donald Trump's tariff policies, citing the significant surge in stock market since the April announcement of "Liberation Day" tariffs.

Euronews

Trump presides over 'historic' peace deal between Thailand and Cambodia

Following border skirmishes last year, Thailand will release Cambodian prisoners and Cambodia will begin withdrawing heavy artillery.

Benzinga

US-China Trade Talks Signal Possible Trump-Xi Face-To-Face As Rare Earths Export Controls, 100% Tariff Threats Loom

U.S.-China trade discussions in Kuala Lumpur are raising hopes of a direct meeting between President Donald Trump and President Xi Jinping as both sides seek to ease escalating economic tensions.

Fortune

China's rare earth limits may have 'gone too far this time' as trade talks start while U.S. gathers support amid global backlash

"Yet Xi’s latest trade war tactic may be tipping the geostrategic balance back toward the US as companies around the world think better of doing business in China generally."

Benzinga

The $38 Trillion U.S. Debt Mountain – Every American Owes $110,649 Now

American debt hit a record high of $38 trillion earlier this week. Here's a look at how quickly the debt is growing and how much every American would owe today.

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