Elon Musk will be a great cutter of gov. fat, according to fmr. Commerce Secretary Wilbur Ross

Elon Musk will be a great cutter of gov. fat, according to fmr. Commerce Secretary Wilbur Ross

President-elect Donald Trump hasn’t hidden his appetite to unleash new tariffs on China and possibly Europe right out of the box upon getting back into the White House. The point person for executing those tariffs is likely to be Cantor Fitzgerald CEO Howard Lutnick, who Trump has selected as Commerce Secretary. While stocks continue to new highs despite the tariff threats, most experts agree tariffs could hurt the economy and increase inflation. It’s a risk that shouldn’t be overlooked. Yahoo Finance Executive Editor Brian Sozzi goes one-on-one with businessman and former Commerce Secretary Wilbur Ross. Ross was the Commerce Secretary in the first Trump term and helped implement his tariffs on China. Will the president go hardcore on tariffs as he has promised? Or is it a negotiating tactic? Ross takes investors inside the mind of the President-elect as the US nears Inauguration Day and potentially, more restrictive trade. Yahoo Finance's Opening Bid, brings you a high-octane take on the freshest analyst calls, wildest stock moves and shrewdest commentary in the business world. Executive Editor Brian Sozzi puts Wall Street's finest through their paces in this essential conversation for every investor - before the stock market opens. Find this episode's transcripts and more episodes of Opening Bid at http://finance.yahoo.com/videos/series/opening-bid/. Thoughts? Questions? Fan mail? Email us at yfpodcasts@yahooinc.com. 00:00-Wilbur Ross on Opening Bid 01:30-Are tariffs good for the economy? 05:00-Evaluating Trump cabinet picks 13:30-How fast will Musk and Ramaswamy be able to make changes? 19:30-Hot takes on AI technology Yahoo Finance's Opening Bid is hosted by Brian Sozzi, and produced by Rachael Lewis-Krisky. Wilbur Ross is an American businessman who served as the 39th United States secretary of commerce from 2017 to 2021. Learn more about your ad choices. Visit megaphone.fm/adchoices

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From near bankruptcy to a $1B deal in just 40 days

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This startup is publishing 3,000 AI podcasts a week - on purpose

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The billion-dollar race to fix America’s sleep crisis

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Why Bill Gurley says AI investing is becoming crowded

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26 Jan 26min

Bilt CEO says your rent isn't building your future

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Bilt is entering its next chapter. As the payments and rewards platform for over 70% of the top rental companies nationwide, Bilt is now eyeing several new product launches to kick off 2026. The compa...

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From the tennis court to the broadcast booth. Yahoo Finance executive editor Brian Sozzi sits down on the Opening Bid Unfiltered podcast with former professional tennis player Patrick McEnroe. McEnroe...

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Everyone’s watching tech but the next big deals may be industrial

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There are dealmakers on Wall Street, and then there are the teams at Perella Weinberg. If you have a big deal to get done as a CEO, this is one of your first stops on the Street to try and make it hap...

12 Jan 24min

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