President-elect Donald Trump continued announcing picks for Cabinet positions and administrative roles, including tapping banking CEO Howard Lutnick to lead the Commerce Department. Trump also joined Elon Musk in Texas on Tuesday for a SpaceX rocket launch. Caitlin-Huey Burns and Nikole Killion have more on the transition.
Trump tariffs to push down U.S. growth ‘a great deal’ going into 2026, Morgan Stanley warns
Donald Trump’s proposed tariffs will dent U.S. economic growth going into 2026, said Morgan Stanley’s chief global economist Seth Carpenter.